other_material
confidence high
sentiment neutral
materiality 0.60
Modiv Industrial shareholders reject reverse stock split proposal at annual meeting
MODIV INDUSTRIAL, INC.
- Reverse stock split failed: 4,420,099 votes for (needed >5,054,074 majority of 10,108,147 outstanding shares).
- All five director nominees elected: Halfacre, Gingras, Nolan, Smith, Tirondola.
- Ratification of Grant Thornton LLP as auditor approved: 6,399,208 for, 158,516 against.
- Advisory say-on-pay approved: 4,379,730 for, 524,744 against, 398,758 abstentions.
- Broker non-votes of 1,450,535 recorded on director elections, say-on-pay, and reverse split.
item 5.07