other_material
confidence high
sentiment neutral
materiality 0.70
Stockholders approve reverse stock split (1:5-1:25) and new equity plans at annual meeting
Edible Garden AG Inc
- Stockholders authorized reverse stock split of common stock (1:5 to 1:25) at Board discretion.
- Amended 2022 Equity Plan: share reserve increased by 1M, evergreen 5% annual increase through 2035, excludes directors and officers.
- New 2025 Officer and Director Equity Incentive Plan approved; only members of management eligible for awards.
- Four directors elected (Kras, DonAroma, McConnell, Rogers) with ~1.1M broker non-votes each; CBIZ ratified as auditor.
- Total outstanding shares 3,487,238; 1,672,976 shares present at meeting.
item 5.02item 5.07item 9.01