other material
confidence high
sentiment negative
materiality 0.65
Tecogen shareholders reject reverse stock split at annual meeting; all director nominees elected
TECOGEN INC.
- Reverse stock split (1-for-4 to 1-for-6) failed with 42.18% of outstanding shares voting in favor, below required majority.
- Seven director nominees elected with votes ranging from ~8.76M to ~8.91M for each; broker non-votes of 4.52M on each.
- Ratification of Wolf & Company as auditor approved: 13.64M for, 2,455 against, 132,060 abstain.
- Non-binding say-on-pay approved: 8.74M for, 267,855 against, 242,342 abstain.