other_material
confidence high
sentiment negative
materiality 0.70
Flora Growth shareholders reject SAR grants to top executives; approve reverse split, plan amendment and SAR repricing
ZeroStack Corp.
- Proposal 4 (grant of Stock Appreciation Rights to CEO, CFO, Executive Chairman) rejected with 7.5M against vs 1.3M for.
- Amendment to 2022 Incentive Plan approved, increasing share reserve from 2.5M to 4.5M shares.
- Share consolidation (reverse split) authorized at ratio 10:1 to 100:1, at Board's discretion within one year.
- Repricing of outstanding SARs to $0.58 base price approved; vesting tied to share price increases of 25% per tranche.
- All five directors elected; auditor reappointment and all other proposals passed except Proposal 4.
item 5.02item 5.07item 9.01