8-K
filed June 9, 2023, 7:59 PM ET
ticker EDBL
CIK 0001809750
other
confidence high
sentiment neutral
materiality 0.40
Edible Garden stockholders approve authorized share increase to 10M and equity plan amendment
Edible Garden AG Inc
- Shareholders approved authorized common stock increase from 6,666,667 to 10,000,000 shares.
- Shareholders approved amendment to 2022 Equity Incentive Plan, increasing reserved shares by 300,000 to 350,000 total and extending term to 2033.
- Five directors re-elected; all received >678,000 votes for, with 745,626 broker non-votes.
- Marcum LLP ratified as independent auditor for FY2023 (1,439,304 for, 51,364 against).
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
Edible Garden AG Inc: Increased authorized shares of common stock from 6,666,667 to 10,000,000 (effective 2023-06-08).
- Change
- charter amendment
- Effective
- 2023-06-08
Exact text from the filing
At the Annual Meeting, the stockholders approved an amendment (the “Certificate of Amendment”) to the Company’s Certificate of Incorporation (the “Charter”) to increase the number of authorized shares of common stock, par value $0.0001 per share, (the “common stock”), from 6,666,667 shares to 10,000,000 shares. Following this approval, the Company filed the Certificate of Amendment with the Secretary of State of the State of Delaware and it became effective on June 8, 2023.
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
Edible Garden AG Inc shareholders approved Election of five directors, each for a one-year term and until their successors have been duly elected and qualified..
- Proposal
- director election
- Outcome
- passed
Exact text from the filing
1. The Company’s stockholders elected five directors, each for a one-year term and until their successors have been duly elected and qualified. The number of shares that: (i) voted for the election of each such director; (ii) withheld authority to vote for each such director; and (iii) represented broker non-votes with respect to each such director is summarized in the table below. DIRECTOR NOMINEE FOR WITHHELD BROKER NON-VOTES James E. Kras 679,340 69,502 745,626 Michael James 679,605 69,237 745,626 Pamela DonAroma 678,944 69,898 745,626 Mathew McConnell 679,947 68,895 745,626 Ryan Rogers 679,753 69,089 745,626
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
Edible Garden AG Inc shareholders approved Approval of amendment to Certificate of Incorporation to increase authorized shares of common stock from 6,666,667 to 10,000,000 shares..
- Proposal
- charter amendment
- Outcome
- passed
Exact text from the filing
3. The Company’s stockholders approved an amendment to the Company’s Certificate of Incorporation to effect an increase in the total number of authorized shares of common stock from 6,666,667 shares to 10,000,000 shares. The number of shares that voted for, against, and abstained from voting for this proposal is summarized in the table below. FOR AGAINST ABSTAIN 1,320,388 172,592 1,488
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
Edible Garden AG Inc shareholders approved Approval of the Plan Amendment..
- Proposal
- equity plan
- Outcome
- passed
Exact text from the filing
4. The Company’s stockholders approved the Plan Amendment. The table below summarizes the number of shares that voted for, against and abstained from voting on the proposal to approve the Plan Amendment, as well as the number of shares representing broker non-votes with respect to such proposal. FOR AGAINST ABSTAIN BROKER NON-VOTES 727,977 129,868 1,058 635,565
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
Edible Garden AG Inc shareholders approved Ratification of Marcum LLP as independent registered public accounting firm for fiscal year ending December 31, 2023. at the 2023-12-31 meeting.
- Proposal
- auditor ratification
- Outcome
- passed
- Meeting
- 2023-12-31
Exact text from the filing
2. The Company’s stockholders ratified the selection of Marcum LLP as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2023. The number of shares that voted for, against and abstained from voting for the ratification of the selection of Marcum LLP as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2023 is summarized in the table below. FOR AGAINST ABSTAIN 1,439,304 51,364 3,800
View on SEC.gov
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