---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-23-085299"
form_type: "8-K"
ticker: "CYN"
cik: "0001874097"
company_name: "Cyngn Inc."
filed_at: "2023-11-09T23:59:59+00:00"
generated_at: "2026-06-08T07:46:58.408353+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Cyngn shareholders approve doubling authorized shares to 200M and equity plan amendment

## Summary
- Authorized common stock increased from 100M to 200M shares (21.3M for, 1.2M against).
- 2021 Equity Incentive Plan amended to add 5M shares and modify evergreen clause (17.7M for, 1.1M against, 3.8M broker non-votes).
- Karen Macleod and James McDonnell elected as Class II directors (18.2M and 18.1M votes for).
- Marcum LLP ratified as independent auditor for FY2023 (22.4M for, 74.8K against).
- Annual meeting held Nov 7, 2023; 22.6M shares (65% outstanding) constituted a quorum.

## SEC filing metadata
- accession: 0001213900-23-085299
- form_type: 8-K
- ticker: CYN
- cik: 0001874097
- company_name: Cyngn Inc.
- filed_at: 2023-11-09T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 5.03, 5.07
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1874097/000121390023085299/0001213900-23-085299-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1874097/000121390023085299/ea188033-8k_cyngn.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-23-085299
- JSON: https://secwatch.observer/filing/0001213900-23-085299.json
- Plain text: https://secwatch.observer/filing/0001213900-23-085299.txt

## Key facts
- Governance Changes
  Cyngn Inc.: Increased authorized common stock from 100,000,000 to 200,000,000 shares (effective 2023-11-09).
  - Change: charter amendment
  - Effective: 2023-11-09
  source text: On November 9, 2023, the Company filed a Certificate of Amendment to the Fifth Amended and Restated Certificate of Incorporation (the “Certificate of Amendment”) reflecting an increase in the Company’s authorized shares of common stock from 100,000,000 to 200,000,000.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1874097/000121390023085299/0001213900-23-085299-index.htm
- Shareholder Votes
  Cyngn Inc. shareholders approved Amendment to the Company's 2021 Equity Incentive Plan to increase shares authorized for issuance by 5,000,000 and amend evergreen clause at the 2023-11-07 meeting.
  - Proposal: equity plan
  - Outcome: passed
  - Meeting: 2023-11-07
  source text: 3. 2021 Equity Incentive Plan Amendment: Votes For Votes Against Votes Abstained Broker Non-Votes 17,666,642 1,076,936 23,078 3,830,744
  evidence_url: https://www.sec.gov/Archives/edgar/data/1874097/000121390023085299/0001213900-23-085299-index.htm
- Shareholder Votes
  Cyngn Inc. shareholders approved Election of Class II Directors at the 2023-11-07 meeting.
  - Proposal: director election
  - Outcome: passed
  - Meeting: 2023-11-07
  source text: 1. Election of Class II Directors: Name Votes For Votes Withheld Broker Non-Votes Karen Macleod 18,183,426 583,230 3,830,744 James McDonnell 18,052,871 713,785 3,830,744
  evidence_url: https://www.sec.gov/Archives/edgar/data/1874097/000121390023085299/0001213900-23-085299-index.htm
- Shareholder Votes
  Cyngn Inc. shareholders approved Increase in the Number of Shares of Authorized Common Stock from 100,000,000 to 200,000,000 at the 2023-11-07 meeting.
  - Proposal: charter amendment
  - Outcome: passed
  - Meeting: 2023-11-07
  source text: 2. Increase in the Number of Shares of Authorized Common Stock: Votes For Votes Against Votes Abstained 21,340,575 1,217,182 29,643
  evidence_url: https://www.sec.gov/Archives/edgar/data/1874097/000121390023085299/0001213900-23-085299-index.htm
- Shareholder Votes
  Cyngn Inc. shareholders approved Ratification of appointment of Marcum LLP as the independent registered public accounting firm for fiscal year ending December 31, 2023 at the 2023-11-07 meeting.
  - Proposal: auditor ratification
  - Outcome: passed
  - Meeting: 2023-11-07
  source text: 4. Ratification of appointment of Marcum LLP as the Company's independent registered public accounting firm for the fiscal year ending December 31, 2023: Votes For Votes Against Votes Abstained 22,384,242 74,762 128,396
  evidence_url: https://www.sec.gov/Archives/edgar/data/1874097/000121390023085299/0001213900-23-085299-index.htm

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