secwatch.observer — SEC 8-K summary
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Issuer:     Local Bounti Corporation/DE (LOCL)
CIK:        0001840780
Form:       8-K
Filed at:   2026-06-12T20:00:09+00:00
Accession:  0001628280-26-042819
Event type: other
Sentiment:  neutral
Materiality: 0.15
Item codes: 5.07
LLM model:  deepseek-v4-flash:cloud@v2

Local Bounti shareholders approve director elections, auditor ratification, and share issuance proposals
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- Elected Mark J. Nelson and Charles R. Schwab, Jr. as Class II directors with ~99.4% and ~99.9% of votes cast (excluding broker non-votes).
- Ratified WithumSmith+Brown, PC as independent auditor for FY2026 with ~98.5% of votes cast in favor.
- Approved issuance of up to 7,882,861 shares upon conversion of convertible note to U.S. Bounti and up to 5,500,000 shares underlying purchase warrant.
- All proposals passed with quorum of 87.35% of outstanding shares represented.
- Adjournment proposal approved with ~98.7% of votes cast in favor.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1840780/000162828026042819/0001628280-26-042819-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1840780/000162828026042819/locl-20260610.htm
  HTML page:      https://secwatch.observer/filing/0001628280-26-042819

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer