Shareholders approve reverse stock split up to 1:250; 2026 equity plan also OK'd

Functional Brands Inc.

Special meeting held June 1, 2026; quorum 35.93% (7,874,310 of 21,912,868 shares).
Proposal 1: Reverse stock split amendment approved: 4,492,117 FOR, 3,361,162 AGAINST, 21,031 abstain.
Board may set ratio from 1:2 to 1:250 at any time within one year of the meeting.
Proposal 2: 2026 Equity Incentive Plan approved: 4,613,683 FOR, 1,527,837 AGAINST, 58,670 abstain, 1,732,790 broker non-votes.
Record date for voting was April 16, 2026.

Key facts

Extracted from this filing and checked against the source text.

Shareholder Votes SEC 8-K Item 5.07 confidence 0.9

Functional Brands Inc. shareholders approved Approval of the Functional Brands Inc. 2026 Equity Incentive Plan at the 2026-06-01 meeting.

Proposal: equity plan
Outcome: passed
Meeting: 2026-06-01

Exact text from the filing

FOR AGAINST ABSTAIN BROKER NON-VOTE 4,613,683 1,527,837 58,670 1,732,790 Proposal No. 2 was approved by a majority of the votes cast.

View on SEC.gov

Shareholder Votes SEC 8-K Item 5.07 confidence 0.9

Functional Brands Inc. shareholders approved Approval of an Amendment to the Company's Certificate of Incorporation to Effect a Reverse Stock Split at the 2026-06-01 meeting.

Proposal: reverse split
Outcome: passed
Meeting: 2026-06-01

Exact text from the filing

FOR AGAINST ABSTAIN BROKER NON-VOTE 4,492,117 3,361,162 21,031 n/a The proposal was approved by a majority of the votes cast.

View on SEC.gov

Browse all shareholder votes →

Functional Brands Inc. filing history →

Source: SEC EDGAR

accession 0001213900-26-063630

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.