REI Co-op has an Annual Members Meeting in Seattle, where it announces the results of the board of directors election. The 2026 one happened Feb 5. Apparently the presentation is only 8m long, some saying it's pre-recorded and it's near-impossible for members to submit a question that actually gets answered:

https://www.rei.com/newsroom/article/2026-rei-board-of-direc...

https://www.rei.com/newsroom/article/rei-announces-2026-boar...

https://www.reddit.com/r/REI/comments/1qw14k6/rei_hosts_thei...

Usually that just means the owners of the individual stores are the shareholders.