Shareholders approve equity plan increase; name change and reincorporation fail at special meeting

MARA Holdings, Inc.

Proposal 1 (increase shares under 2018 EIP) approved with 67.288% of votes cast in favor.
Proposal 2 (name change) received 88.207% of votes cast in favor but only 80.9M of 211.6M outstanding shares voted yes; required majority of outstanding.
Proposal 3 (reincorporation) received 90.730% of votes cast in favor but only 33.0M of 211.6M outstanding shares voted yes; failed.
Broker non-votes were significant: 58.0M for Proposal 1, 1.3M for Proposal 2, 56.7M for Proposal 3.

item 5.07 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Shareholder Votes SEC 8-K Item 5.07 confidence 1.0

MARA Holdings, Inc. shareholders rejected APPROVE REINCORPORATION at the 2023-11-10 meeting.

Outcome: failed
Meeting: 2023-11-10

Exact text from the filing

PROPOSAL YES NO ABSTAIN 1) APPROVE INCREASE SHS 2018 EIP 67.288% 32.008% 0.705% 23,583,487 11,218,249 246,958 Broker Non-Vote: 57,975,186 2) APPROVE NAME CHANGE 88.207% 9.415% 2.378% 80,881,423 8,632,931 2,180,830 Broker Non-Vote: 1,328,696 3) APPROVE REINCORPORATION 90.730% 7.352% 1.918% 32,968,519 2,671,455 697,116 Broker Non-Vote: 56,686,790

View on SEC.gov

Shareholder Votes SEC 8-K Item 5.07 confidence 1.0

MARA Holdings, Inc. shareholders approved APPROVE INCREASE SHS 2018 EIP at the 2023-11-10 meeting.

Outcome: passed
Meeting: 2023-11-10

Exact text from the filing

PROPOSAL YES NO ABSTAIN 1) APPROVE INCREASE SHS 2018 EIP 67.288% 32.008% 0.705% 23,583,487 11,218,249 246,958 Broker Non-Vote: 57,975,186 2) APPROVE NAME CHANGE 88.207% 9.415% 2.378% 80,881,423 8,632,931 2,180,830 Broker Non-Vote: 1,328,696 3) APPROVE REINCORPORATION 90.730% 7.352% 1.918% 32,968,519 2,671,455 697,116 Broker Non-Vote: 56,686,790

View on SEC.gov

Shareholder Votes SEC 8-K Item 5.07 confidence 1.0

MARA Holdings, Inc. shareholders rejected APPROVE NAME CHANGE at the 2023-11-10 meeting.

Outcome: failed
Meeting: 2023-11-10

Exact text from the filing

PROPOSAL YES NO ABSTAIN 1) APPROVE INCREASE SHS 2018 EIP 67.288% 32.008% 0.705% 23,583,487 11,218,249 246,958 Broker Non-Vote: 57,975,186 2) APPROVE NAME CHANGE 88.207% 9.415% 2.378% 80,881,423 8,632,931 2,180,830 Broker Non-Vote: 1,328,696 3) APPROVE REINCORPORATION 90.730% 7.352% 1.918% 32,968,519 2,671,455 697,116 Broker Non-Vote: 56,686,790

View on SEC.gov

1183 shareholder votes filed in the last 30 days. Browse all shareholder votes →

MARA Holdings, Inc. filing history →

Source: SEC EDGAR

accession 0001493152-23-040579

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