secwatch / observer
8-K filed November 16, 2023, 6:59 PM ET ticker UAVS CIK 0000008504
other confidence high sentiment neutral materiality 0.60

Shareholders approve reverse stock split (1:10-1:20) and equity plan amendment to increase shares by 5M

AgEagle Aerial Systems Inc.

Key facts

Extracted from this filing and checked against the source text.

Shareholder Votes SEC 8-K Item 5.07 confidence 0.9

AgEagle Aerial Systems Inc. shareholders approved Approval to authorize the Board of Directors, at the discretion of the Board, to file an amendment to the Company’s Articles of Incorporation, as amended to date, to authorize a reverse stock split of the Company’s Common Stock with a ratio in the range between and including 1-for-10 shares and 1-fo at the 2023-11-14 meeting.

Proposal
reverse split
Outcome
passed
Meeting
2023-11-14
Exact text from the filing
Approval to authorize the Board of Directors (the “Board”), at the discretion of the Board, to file an amendment to the Company’s Articles of Incorporation, as amended to date, to authorize a reverse stock split of the Company’s Common Stock with a ratio in the range between and including 1-for-10 shares and 1-for-20 shares, for the primary purpose of maintaining the Company’s listing on NYSE American (the “Reverse Split Proposal”) For Against Abstain Broker Non-Vote 29,962,881 14,384,663 262,801 0
View on SEC.gov
Shareholder Votes SEC 8-K Item 5.07 confidence 0.9

AgEagle Aerial Systems Inc. shareholders approved Approval to amend the Company’s 2017 Omnibus Equity Incentive Plan to increase the number of shares of Common Stock authorized for issuance under the plan from 10,000,000 shares to 15,000,000 shares before the Reverse Split at the 2023-11-14 meeting.

Proposal
equity plan
Outcome
passed
Meeting
2023-11-14
Exact text from the filing
Approval to amend the Company’s 2017 Omnibus Equity Incentive Plan to increase the number of shares of Common Stock authorized for issuance under the plan from 10,000,000 shares to 15,000,000 shares before the Reverse Split (the “Plan Amendment Proposal”) For Against Abstain Broker Non-Vote 11,106,711 7,423,863 201,518 25,878,253
View on SEC.gov

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

AgEagle Aerial Systems Inc. filing history →

Source: SEC EDGAR
accession 0001493152-23-041604
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