other_material
confidence high
sentiment neutral
materiality 0.55
BioLargo shareholders approve reverse split authorization; board has no immediate plans
BIOLARGO, INC.
- All seven director nominees elected, including Dennis Calvert, Kenneth Code, Linda Park.
- Advisory say-on-pay passed with 54.7% of votes present (103.9M for, 7.9M against).
- Ratification of Hacker Johnson & Smith as auditor approved with 99.3% for.
- Reverse stock split authorized (51.8% of outstanding shares) but board has no immediate plans to implement.
- CEO states reverse split would only be used if needed to meet minimum price for Nasdaq/NYSE uplisting.
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