secwatch.observer — SEC 8-K summary
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Issuer:     BOLLINGER INNOVATIONS, INC. (BINI)
CIK:        0001499961
Form:       8-K
Filed at:   2023-08-07T23:59:59+00:00
Accession:  0001104659-23-087948
Event type: other_material
Sentiment:  negative
Materiality: 0.75
Item codes: 5.02, 5.07, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Mullen shareholders approve reverse split up to 1:100, CEO performance award, plan expansion
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- Reverse stock split authorized at ratio 1:2 to 1:100 as Board determines; 221M votes for, 103M against.
- Stockholders approved 2022 Plan amendment increasing authorized shares by 52 million.
- CEO David Michery granted performance award: up to 3% of outstanding shares per vehicle milestone, 1% per $25M revenue (max $250M).
- Proposal to reincorporate in Maryland failed (no quorum on preferred stock classes).
- All other proposals (director elections, auditor ratification, advisory votes) passed.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1499961/000110465923087948/0001104659-23-087948-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1499961/000110465923087948/tm2322882d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-087948

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer