other material
confidence high
sentiment neutral
materiality 0.50
22nd Century Group shareholders reject board declassification; approve share increase, say-on-pay, warrants
22nd Century Group, Inc.
- Stockholders voted against declassifying the Board of Directors (685,689 for, 69,180 against, with 1,595,154 broker non-votes).
- Approved amendment to 2021 Omnibus Incentive Plan increasing authorized shares by 5 million (575,226 for, 177,742 against).
- Advisory resolution approving 2023 executive compensation passed (636,228 for, 113,622 against).
- Approved warrants dated April 9, 2024 and shares issuable upon exercise (626,626 for, 126,595 against).
- Approved voluntary conversion option in debentures dated March 3, 2023, as amended (655,189 for, 95,561 against).