8-K
filed October 27, 2022, 7:59 PM ET
ticker LTBR
CIK 0001084554
other material
confidence high
sentiment neutral
materiality 0.30
Lightbridge stockholders approve doubling of authorized shares and increase in incentive plan shares
LIGHTBRIDGE Corp
- Authorized common shares increased from 13.5M to 25M after stockholder approval at annual meeting.
- 2020 Omnibus Incentive Plan shares increased from 650,000 to 1,100,000, effective upon stockholder approval.
- All six director nominees elected, including Seth Grae, Thomas Graham, Sweta Chakraborty, Jesse Funches, Daniel Magraw, Mark Tobin.
- Advisory vote on executive compensation and ratification of BDO USA as auditor passed with large majorities.
- Bylaws amendment ratifying one-third quorum requirement also approved by stockholders.
Key facts
Extracted from this filing and checked against the source text.
Governance Changes
SEC 8-K Item 5.03/5.05/5.06
confidence 0.9
LIGHTBRIDGE Corp: Increased authorized shares of common stock from 13,500,000 to 25,000,000 (effective 2022-10-27).
- Change
- charter amendment
- Effective
- 2022-10-27
Exact text from the filing
At the Annual Meeting, the Company’s stockholders approved an amendment to the Articles of Incorporation of the Company to increase the number of authorized shares of common stock from 13,500,000 to 25,000,000.
View on SEC.gov
Governance Changes
SEC 8-K Item 5.03/5.05/5.06
confidence 0.9
LIGHTBRIDGE Corp: Ratified an amendment to the Amended and Restated Bylaws to set quorum at one-third of outstanding shares.
- Change
- bylaw amendment
Exact text from the filing
The proposal to ratify an amendment to the Amended and Restated Bylaws of the Company that provides that the holders of one-third of the outstanding shares of stock constitute a quorum at all meetings of the Company’s stockholders
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
LIGHTBRIDGE Corp shareholders approved Election of Directors at the 2022-10-27 meeting.
- Proposal
- director election
- Outcome
- passed
- Meeting
- 2022-10-27
Exact text from the filing
Proposal No. 1 – Election of Directors The following nominees were elected as directors by the votes indicated to serve until the Company’s next annual meeting of stockholders
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
LIGHTBRIDGE Corp shareholders approved Advisory vote to approve the compensation of the Company’s named executive officers at the 2022-10-27 meeting.
- Proposal
- say on pay
- Outcome
- passed
- Meeting
- 2022-10-27
Exact text from the filing
Proposal No. 5 – Advisory Vote on Executive Compensation The proposal to approve, on an advisory basis, the compensation of the Company’s named executive officers as described in the 2022 Proxy Statement was approved by the stockholders by the following vote:
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
LIGHTBRIDGE Corp shareholders approved Ratification of BDO USA, LLP as the Company’s independent registered public accounting firm for fiscal year 2022 at the 2022-10-27 meeting.
- Proposal
- auditor ratification
- Outcome
- passed
- Meeting
- 2022-10-27
Exact text from the filing
Proposal No. 6 – Ratification of Auditors The proposal to ratify the selection of BDO USA, LLP as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2022 was approved by the stockholders by the following vote:
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
LIGHTBRIDGE Corp shareholders approved Approval of an amendment to the Articles of Incorporation to increase the authorized shares of common stock from 13,500,000 to 25,000,000 at the 2022-10-27 meeting.
- Proposal
- charter amendment
- Outcome
- passed
- Meeting
- 2022-10-27
Exact text from the filing
Proposal No. 2 – Approval of the Amendment to the Company’s Articles of Incorporation The proposal to amend the Company’s Articles of Incorporation to increase the authorized shares of common stock from 13,500,000 to 25,000,000 was approved by the stockholders by the following vote:
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
LIGHTBRIDGE Corp shareholders approved Approval of an amendment to the 2020 Plan to increase the number of shares of common stock available for issuance thereunder from 650,000 to 1,100,000 at the 2022-10-27 meeting.
- Proposal
- equity plan
- Outcome
- passed
- Meeting
- 2022-10-27
Exact text from the filing
Proposal No. 3 – Approval of an Amendment to the 2020 Plan The stockholders approved an amendment to the 2020 Plan to increase the number of shares of common stock available for issuance thereunder from 650,000 to 1,100,000.
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
LIGHTBRIDGE Corp shareholders approved Ratification of an amendment to the Amended and Restated Bylaws of the Company that provides that the holders of one-third of the outstanding shares of stock constitute a quorum at all meetings of the Company’s stockholders at the 2022-10-27 meeting.
- Proposal
- auditor ratification
- Outcome
- passed
- Meeting
- 2022-10-27
Exact text from the filing
Proposal No. 4 – Ratification of the Amendment to the Company’s Amended and Restated Bylaws The proposal to ratify an amendment to the Amended and Restated Bylaws of the Company that provides that the holders of one-third of the outstanding shares of stock constitute a quorum at all meetings of the Company’s stockholders was approved by the stockholders by the following vote:
View on SEC.gov
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