other_material
confidence high
sentiment negative
materiality 0.70
Stockholders approve reverse stock split (10:1-20:1) and reduce authorized shares
STEM, INC.
- Reverse stock split approved: 77.1M for, 11.3M against; ratio 10:1 to 20:1 inclusive.
- Authorized shares reduction approved: 80.0M for, 8.2M against.
- Amended equity plan: 4M additional shares authorized; 25.8M for, 10.4M against.
- Class I directors elected: Krishna Shivram (34.8M for) and Laura D'Andrea Tyson (28.6M for).
- Advisory say-on-pay passed with 23.9M for, 7.6M against, 5.3M abstain.
item 5.07item 5.02item 9.01