secwatch.observer — SEC 8-K summary
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Issuer:     Beneficient (BENF)
CIK:        0001775734
Form:       8-K
Filed at:   2024-03-22T23:59:59+00:00
Accession:  0001193125-24-075255
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.07
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1775734/000119312524075255/0001193125-24-075255-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1775734/000119312524075255/d821428d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-075255

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