Lovisa Holdings (ASX:LOV) received a "first strike" at its annual general meeting on Friday, with almost 77% of the votes cast at the meeting against its remuneration report, according to a same-day Australian bourse filing.

At least 25% of a firm's shareholders are required to vote against its remuneration report to trigger a strike. At next year's annual general meeting, if 25% or more of its shareholders again vote against the report, the company will receive a second strike, and its shareholders are required to immediately vote on whether to hold a spill meeting to replace the board.

Its shares fell 11% in recent trading on Friday.