Phunware reduces stockholder quorum requirement to one-third and adjourns annual meeting due to lack of quorum

Phunware, Inc.

Board adopted amended bylaws reducing quorum from majority to one-third of outstanding shares entitled to vote.
Annual meeting reconvened on Nov 4, 2022 lacked sufficient shares for quorum; meeting adjourned.
Adjourned meeting rescheduled for Nov 11, 2022 at 11:00 a.m. Eastern; record date of Aug 17, 2022 unchanged.
Company will continue soliciting proxies; previously submitted proxies remain valid unless revoked.
Reduced quorum effective immediately; no material business impact expected according to management.

Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

Phunware, Inc.: Reduced quorum requirement for stockholder meetings from a majority to one-third of outstanding stock (effective 2022-11-04).

Change: bylaw amendment
Effective: 2022-11-04

Exact text from the filing

Section 2.6 of the Amended Bylaws reduces the Quorum Requirement from holders of a majority to holders of one-third of the stock issued and outstanding and entitled to vote, and present in person or represented by proxy.

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Phunware, Inc. filing history →

Source: SEC EDGAR

accession 0001628280-22-028485

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