IRIDEX stockholders approve doubling authorized shares to 63.5M and 1M share increase in equity plan

IRIDEX CORP

Authorized common stock increased from 30M to 63.5M shares; Restated Charter effective June 11, 2025.
2008 Equity Incentive Plan amended: reserve increased by 1M shares (total 6.85M), term extended to June 11, 2035.
Stockholders approved removal of 19.99% issuance limit for conversion of Series B Preferred and $4M note held by Novel.
All director nominees elected; BPM LLP ratified as auditor for FY2026; say-on-pay approved with one-year frequency.
Series B Preferred (600k shares) voted in favor of all proposals; common vote percentages ranged 80-92% for director elections.

Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

IRIDEX CORP: Stockholders approved amendment and restatement of the Amended and Restated Certificate of Incorporation to modernize the charter, increase authorized common shares from 30,000,000 to 63,500,000, and establish designations of preferred stock including Series B Preferred Stock (effective 2025-06-11).

Change: charter amendment
Effective: 2025-06-11

Exact text from the filing

At the Annual Meeting, the Company’s stockholders approved an amendment and restatement of the Company’s Amended and Restated Certificate of Incorporation (the “Charter”) to, among other matters: modernize the Charter, increase the number of authorized shares of the Company’s common stock from 30,000,000 to 63,500,000 shares, and establish the designations, powers, preferences and relative and other special rights and the qualifications, limitations and restrictions of the preferred stock, including the Company’s Series B Preferred Stock, par value $0.01 per share (the “Restated Charter”) (the “Restated Charter Proposal”).

View on SEC.gov

Browse all governance changes →

IRIDEX CORP filing history →

Source: SEC EDGAR

accession 0000950170-25-086292

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.