Aware stockholders approve 2023 Equity Plan and stock option exchange program

AWARE INC /MA/

Stockholders approved stock option exchange for eligible employees; votes 10,214,546 for, 5,583,466 against.
2023 Equity Plan approved with 13,533,001 votes for, 1,521,479 against; replaces 2001 Nonqualified Stock Plan.
Plan reserves 1,277,130 new shares plus up to 2,590,000 from lapsing 2001 Plan awards for equity grants.
Director compensation capped at $1M in first year, $750k annually thereafter; no repricing of options/SARs without shareholder approval.

Key facts

Extracted from this filing and checked against the source text.

Shareholder Votes SEC 8-K Item 5.07 confidence 0.9

AWARE INC /MA/ shareholders approved Approve stock option exchange program for certain eligible employees, including executive officers, to exchange certain outstanding stock options for stock options with a lower exercise price at the 2024-01-17 meeting.

Outcome: passed
Meeting: 2024-01-17

Exact text from the filing

To approve a stock option exchange program for certain eligible employees, including executive officers, to exchange certain outstanding stock options for stock options with a lower exercise price.

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Shareholder Votes SEC 8-K Item 5.07 confidence 0.9

AWARE INC /MA/ shareholders approved Approve the Aware, Inc. 2023 Equity and Incentive Plan, which will replace the 2001 Nonqualified Stock Plan at the 2024-01-17 meeting.

Proposal: equity plan
Outcome: passed
Meeting: 2024-01-17

Exact text from the filing

To approve the Aware, Inc. 2023 Equity and Incentive Plan, which will replace the 2001 Nonqualified Stock Plan.

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Source: SEC EDGAR

accession 0000950170-24-005411

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