---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-24-075255"
form_type: "8-K"
ticker: "BENF"
cik: "0001775734"
company_name: "Beneficient"
filed_at: "2024-03-22T23:59:59+00:00"
generated_at: "2026-06-04T09:09:30.345448+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Beneficient shareholders approve reverse stock split at ratio of 1:10 to 1:100

## Summary
- Proposal 1 (reverse split) passed with 399,526,380 votes for, 56,662 against, and 6,000 abstain.
- Proposal 2 (adjournment) passed with 399,544,823 votes for, 30,795 against, and 13,424 abstain.
- Special Meeting held March 21, 2024; 88.9% of total voting power represented (227,324,983 shares).
- Board retains discretion over exact split ratio, timing, and proportionate reduction in authorized shares.

## SEC filing metadata
- accession: 0001193125-24-075255
- form_type: 8-K
- ticker: BENF
- cik: 0001775734
- company_name: Beneficient
- filed_at: 2024-03-22T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 5.07
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1775734/000119312524075255/0001193125-24-075255-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1775734/000119312524075255/d821428d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-075255
- JSON: https://secwatch.observer/filing/0001193125-24-075255.json
- Plain text: https://secwatch.observer/filing/0001193125-24-075255.txt

## Key facts
- Shareholder Votes
  Beneficient shareholders approved Approve a reverse stock split with respect to the Company’s issued and outstanding shares of Common Stock at a ratio in the range of 1-for-10 to 1-for-100, with the exact ratio to be determined at the discretion of the Board, and a simultaneous proportionate reduction in the authorized shares of eac at the 2024-03-21 meeting.
  - Proposal: reverse split
  - Outcome: passed
  - Meeting: 2024-03-21
  source text: Proposal 1: To approve (i) a reverse stock split with respect to the Company’s issued and outstanding shares of Common Stock at a ratio in the range of 1-for-10 to 1-for-100, with the exact ratio to be determined at the discretion of the Board of Directors (the “Board”), and effected at such time and date, if at all, as determined by the Board, and (ii) a simultaneous proportionate reduction in the authorized shares of each class of Common Stock as required by Nevada Revised Statues Section 78.207. FOR AGAINST ABSTAIN 399,526,380 56,662 6,000
  evidence_url: https://www.sec.gov/Archives/edgar/data/1775734/000119312524075255/0001193125-24-075255-index.htm

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