---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-23-098944"
form_type: "8-K"
ticker: "CUEN"
cik: "0001424657"
company_name: "Cuentas Inc."
filed_at: "2023-12-27T23:59:59+00:00"
generated_at: "2026-06-07T06:51:25.221836+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.6
calibrated_materiality_score: 0.15
confidence: "high"
source: SEC EDGAR
---

# Cuentas shareholders reject authorized share increase to 100M; approve warrant issuance and incentive plan

## Summary
- Shareholders elected five directors (Maimon, De Prado, Baruch, Terrero, Yeffet) to serve until 2024.
- Proposal to issue up to 1.23M shares upon warrant exercise approved (942,521 for, 628,441 against).
- Amendment to increase authorized shares from 27.7M to 100M NOT approved despite majority for (929,715 for, 739,306 against).
- Cuentas 2023 Share Incentive Plan approved (1,051,849 for, 617,445 against).
- Ratification of Yarit + Partners as auditor for FY2023 approved.

## SEC filing metadata
- accession: 0001213900-23-098944
- form_type: 8-K
- ticker: CUEN
- cik: 0001424657
- company_name: Cuentas Inc.
- filed_at: 2023-12-27T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.6
- calibrated_materiality_score: 0.15
- confidence: high
- sec_items: 5.07
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1424657/000121390023098944/0001213900-23-098944-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1424657/000121390023098944/ea190612-8k_cuentas.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-23-098944
- JSON: https://secwatch.observer/filing/0001213900-23-098944.json
- Plain text: https://secwatch.observer/filing/0001213900-23-098944.txt

## Key facts
- Shareholder Votes
  Cuentas Inc. shareholders rejected Approval of an amendment to our Amended and Restated Articles of Incorporation, as amended, to increase the number of authorized shares of common stock from 27,692,307 to 100,000,000 shares. at the 2023-12-20 meeting.
  - Proposal: charter amendment
  - Outcome: failed
  - Meeting: 2023-12-20
  source text: The votes to approve an amendment to our Amended and Restated Articles of Incorporation, as amended, to increase the number of authorized shares of common stock from 27,692,307 to 100,000,000 shares. Shares Abstaining 929,715 739,306 7,405 The Authorized Common Stock Proposal was not approved by the shareholders although more shareholders voted for the amendment than against.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1424657/000121390023098944/0001213900-23-098944-index.htm
- Shareholder Votes
  Cuentas Inc. shareholders approved Ratification of the appointment of Yarit + Partners (ISR.) as the Company's independent registered public accounting firm for the fiscal year ending December 31, 2023. at the 2023-12-20 meeting.
  - Proposal: auditor ratification
  - Outcome: passed
  - Meeting: 2023-12-20
  source text: The votes to ratify the appointment of Yarit + Partners (ISR.) as the Company's independent registered public accounting firm for the fiscal year ending December 31, 2023 were as follows: Shares Abstaining 1,063,887 605,561 7,078 The shareholders ratified the appointment of Yarit + Partners as the Company's independent registered public accounting firm for the fiscal year ending December 31, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1424657/000121390023098944/0001213900-23-098944-index.htm
- Shareholder Votes
  Cuentas Inc. shareholders approved Approval of the Cuentas 2023 Share Incentive Plan. at the 2023-12-20 meeting.
  - Proposal: equity plan
  - Outcome: passed
  - Meeting: 2023-12-20
  source text: The votes to approve the Cuentas 2023 Share Incentive Plan. Shares Abstaining 1,051,849 617,445 7,040 The 2023 Plan Proposal was approved by the shareholders.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1424657/000121390023098944/0001213900-23-098944-index.htm
- Shareholder Votes
  Cuentas Inc. shareholders approved Election of Directors at the 2023-12-20 meeting.
  - Proposal: director election
  - Outcome: passed
  - Meeting: 2023-12-20
  source text: On December 20, 2023, the Company held its 2023 Annual Meeting, and the voting results for the proposals were as listed below: Proposal 1 : Election of Directors The votes to elect five directors to hold office until the 2024 Annual Meeting of Shareholders were as follows: Shares Voted For Shares Withheld Arik Maimon 1,051,597 626,314 Michael De Prado 1,051,559 626,352 Adiv Baruch 1,053,136 624,775 Lexi Terrero 1,053,136 624,775 Haim Yeffet 1,051,597 626,314 Each of the five directors were approved by the shareholders.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1424657/000121390023098944/0001213900-23-098944-index.htm

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