Corvex appoints Seth Demsey co-CEO; preferred shares convert, common outstanding rises to 27.6M

Corvex, Inc.

Seth Demsey appointed co-CEO alongside Jay Crystal effective July 1, 2026, following stockholder approval.
Stockholders approved conversion of Series C and D preferred into common; Series C auto-converted on July 7.
Series D holders converted 4,752,244 shares of common; total common outstanding now 27,635,745.
Remaining Series D convertible into 28,929,592 common shares; authorized Series D increased to 50,000 shares.
Stockholders also approved 2026 Equity Incentive Plan and 2026 Employee Stock Purchase Plan.

item 8.01 item 3.02 item 5.02 item 5.03 item 5.07 item 9.01

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.