other material
confidence high
sentiment neutral
materiality 0.50
Cycurion stockholders approve classified board, reverse stock split authorization, and amended equity plan
Cycurion, Inc.
- Stockholders approved charter amendment to establish classified board with three staggered classes; directors removable only for cause.
- Stockholders approved reverse stock split authorization at ratio from 3:1 to 75:1 (aggregate up to 250:1), with timing and ratio at Board's discretion.
- Stockholders approved Amended and Restated 2025 Equity Incentive Plan, adding preferred stock as a form of equity compensation.
- Five directors elected: Emmit McHenry, Peter Ginsberg, Reginald S. Bailey Sr., L. Kevin Kelly, Kevin E. O'Brien.
- Advisory say-on-pay approved; Board determined to hold future say-on-pay votes every one year.