Vroom stockholders approve 1-for-80 reverse stock split; effective Feb 13, 2024

Vroom, Inc.

85.9M shares (59.94% of outstanding) present at special meeting; reverse split approved with 69.8M for, 15.8M against.
Board set final ratio at 1-for-80; other amendments abandoned; Certificate of Amendment to be filed.
Reverse split effective 5:00 p.m. ET Feb 13, 2024; trading on split-adjusted basis under VRM begins Feb 14.
New CUSIP will be 92918V 208; no fractional shares issued; cash payment in lieu based on Feb 13 closing price.

Key facts

Extracted from this filing and checked against the source text.

Shareholder Votes SEC 8-K Item 5.07 confidence 0.9

Vroom, Inc. shareholders approved To approve an adjournment of the Meeting, if necessary, to solicit additional proxies if there are not sufficient votes at the time of the Meeting to approve Proposal 1. at the 2024-02-05 meeting.

Outcome: passed
Meeting: 2024-02-05

Exact text from the filing

FOR AGAINST ABSTAIN BROKER NON-VOTE 70,471,161 14,429,324 1,007,102 0

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Shareholder Votes SEC 8-K Item 5.07 confidence 0.95

Vroom, Inc. shareholders approved To approve amendments to the Company’s amended and restated certificate of incorporation, to effect a reverse stock split of the Common Stock at a ratio ranging from any whole number between 1-for-35 and 1-for-80, as determined by the Board in its discretion, subject to the Board’s authority to aban at the 2024-02-05 meeting.

Proposal: reverse split
Outcome: passed
Meeting: 2024-02-05

Exact text from the filing

FOR AGAINST ABSTAIN BROKER NON-VOTE 69,766,590 15,844,556 296,441 0

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Vroom, Inc. filing history →

Source: SEC EDGAR

accession 0000950170-24-012193

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