other material
confidence high
sentiment positive
materiality 0.50
ETST shareholders approve reverse split, Series B retirement, say-on-pay at annual meeting
Earth Science Tech, Inc.
- Shareholders approved reverse stock split (12-month window) to meet minimum bid price for uplisting to national exchange.
- Authorized Board's Special Committee to negotiate retirement of Series B Preferred Stock, eliminating dual-class super-voting structure.
- Approved non-dilutive cash-only say-on-pay; elected 3-year review cycle for future votes.
- Re-elected all 7 director nominees; ratified Semple, Marchal & Cooper as independent auditors.
- Vote counts: reverse split 247.7M for/3.9M against; Series B retirement 115.3M for/125.1M abstain.