---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-23-041604"
form_type: "8-K"
ticker: "UAVS"
cik: "0000008504"
company_name: "AgEagle Aerial Systems Inc."
filed_at: "2023-11-16T23:59:59+00:00"
generated_at: "2026-06-08T01:48:55.277465+00:00"
event_type: "other"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- Reverse stock split authorized with ratio between 1:10 and 1:20, to maintain NYSE American listing.
- 2017 Omnibus Equity Incentive Plan amended: authorized shares increased from 10M to 15M (pre-split).
- Reverse split vote: 29,962,881 For, 14,384,663 Against, 262,801 Abstain.
- Plan amendment vote: 11,106,711 For, 7,423,863 Against, 201,518 Abstain; 25,878,253 broker non-votes.
- Both proposals adopted at Special Meeting held November 14, 2023.

## SEC filing metadata
- accession: 0001493152-23-041604
- form_type: 8-K
- ticker: UAVS
- cik: 0000008504
- company_name: AgEagle Aerial Systems Inc.
- filed_at: 2023-11-16T23:59:59+00:00
- event_type: other
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 5.07
- EDGAR index: https://www.sec.gov/Archives/edgar/data/8504/000149315223041604/0001493152-23-041604-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/8504/000149315223041604/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-23-041604
- JSON: https://secwatch.observer/filing/0001493152-23-041604.json
- Plain text: https://secwatch.observer/filing/0001493152-23-041604.txt

## Key facts
- Shareholder Votes
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/8504/000149315223041604/0001493152-23-041604-index.htm
- Shareholder Votes
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/8504/000149315223041604/0001493152-23-041604-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.