Newton Golf shareholders approve amended equity plan adding 1.4M shares; executives receive RSUs

Newton Golf Company, Inc.

• Stockholders approved Amended and Restated 2022 Equity Incentive Plan, increasing authorized shares by 1,400,000 and extending to Dec 18, 2035.
• CEO granted 200,000 RSUs; CFO granted 175,000 RSUs; CTO granted 225,000 RSUs; all vest ratably over three years.
• Annual evergreen increase provision added: lesser of 5% of fully diluted shares or board-determined amount, effective Jan 1, 2026.
• Unvested RSUs fully accelerate upon a change in control; pro-rata vesting upon death or disability.
• Board of directors elected (Campbell, Casanta, Hoge, Yorihiro) and Weinberg & Company ratified as auditor for FY2025.