---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-102291"
form_type: "8-K"
ticker: "BNBX"
cik: "0000744452"
company_name: "BNB PLUS CORP."
filed_at: "2023-09-20T23:59:59+00:00"
generated_at: "2026-06-10T12:42:57.860372+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.15
confidence: "high"
source: SEC EDGAR
---

# APDN stockholders reject 3.5M share increase to 2020 equity plan at annual meeting

## Summary
- Proposal 2 (equity plan amendment) failed: 2,520,302 for, 1,368,359 against, 3,105,530 broker non-votes.
- All six director nominees elected: Hayward, Catell, Ceccoli, Shamash, Simon, Shaheen.
- Ratification of Marcum LLP as independent auditor for FY2023 approved: 6,504,292 for, 476,312 against, 100,170 abstain.
- Broker non-votes on director elections and equity plan exceeded 3.1M shares.

## SEC filing metadata
- accession: 0001104659-23-102291
- form_type: 8-K
- ticker: BNBX
- cik: 0000744452
- company_name: BNB PLUS CORP.
- filed_at: 2023-09-20T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.15
- confidence: high
- sec_items: 5.07
- EDGAR index: https://www.sec.gov/Archives/edgar/data/744452/000110465923102291/0001104659-23-102291-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/744452/000110465923102291/tm2326569d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-102291
- JSON: https://secwatch.observer/filing/0001104659-23-102291.json
- Plain text: https://secwatch.observer/filing/0001104659-23-102291.txt

## Key facts
- Shareholder Votes
  BNB PLUS CORP. shareholders approved Election of six directors to serve until the 2024 annual meeting at the 2023-09-19 meeting.
  - Proposal: director election
  - Outcome: passed
  - Meeting: 2023-09-19
  source text: I. To elect six directors to serve until the 2024 annual meeting of stockholders or until their respective successors are duly elected and qualified. FOR WITHHELD BROKER NON- VOTES James A. Hayward 3,591,642 383,602 3,105,530 Robert B. Catell 3,572,859 402,385 3,105,530 Joseph D. Ceccoli 3,154,216 821,028 3,105,530 Yacov A. Shamash 3,005,706 969,538 3,105,530 Sanford R. Simon 3,514,258 460,986 3,105,530 Elizabeth Schmalz Shaheen 3,089,726 885,518 3,105,530
  evidence_url: https://www.sec.gov/Archives/edgar/data/744452/000110465923102291/0001104659-23-102291-index.htm
- Shareholder Votes
  BNB PLUS CORP. shareholders approved Ratify appointment of Marcum LLP as independent registered public accounting firm for fiscal year ending September 30, 2023 at the 2023-09-19 meeting.
  - Proposal: auditor ratification
  - Outcome: passed
  - Meeting: 2023-09-19
  source text: III. To ratify the appointment of Marcum LLP as the Company’s independent registered public accounting firm for the fiscal year ending September 30, 2023. FOR AGAINST ABSTAIN 6,504,292 476,312 100,170
  evidence_url: https://www.sec.gov/Archives/edgar/data/744452/000110465923102291/0001104659-23-102291-index.htm
- Shareholder Votes
  BNB PLUS CORP. shareholders approved Approve amendment to 2020 Equity Incentive Plan to increase authorized shares by 3,500,000 at the 2023-09-19 meeting.
  - Proposal: equity plan
  - Outcome: passed
  - Meeting: 2023-09-19
  source text: II. To approve an amendment to the Company’s 2020 Equity Incentive Plan, to increase the number of shares of common stock authorized for issuance by an additional 3,500,000. FOR AGAINST ABSTAIN BROKER NON-VOTES 2,520,302 1,368,359 86,583 3,105,530
  evidence_url: https://www.sec.gov/Archives/edgar/data/744452/000110465923102291/0001104659-23-102291-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.