other material
confidence high
sentiment neutral
materiality 0.60
XWELL shareholders approve reverse stock split, reject advisory say-on-pay at 2023 annual meeting
XWELL, Inc.
- Reverse stock split at ratio 1:8 to 1:20 approved (27.8M for, 17.1M against; 66.2% of votes cast).
- Advisory vote on named executive officer compensation not approved (3.9M for, 17.2M against; 81.6% against).
- Directors Milford, Weinstein, Bernstein, Stout, Lebowitz reelected despite high withhold votes (e.g., Bernstein 5.3M for, 16.6M withheld).
- Marcum LLP ratified as auditor for FY2023 (31.6M for, 10.6M against); adjournment proposal failed (17.9M for, 25.7M against).