AAOI shareholders approve increase in authorized common shares from 45M to 80M

APPLIED OPTOELECTRONICS, INC.

Charter Amendment effective Sep 7, 2023 raises authorized common stock from 45M to 80M shares; total authorized shares from 50M to 85M.
Vote: 17,563,297 FOR, 2,508,496 AGAINST, 126,563 abstain; 63.54% of eligible shares represented at special meeting.
The amendment was approved by stockholders to provide flexibility for future capital needs; no immediate issuance announced.

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

APPLIED OPTOELECTRONICS, INC.: Increased authorized common stock from 45M to 80M shares and total authorized capital stock from 50M to 85M shares (effective 2023-09-07).

Change: charter amendment
Effective: 2023-09-07

Exact text from the filing

As approved by its stockholders at the Special Meeting of Stockholders held on September 7, 2023 (the “Special Meeting”), Applied Optoelectronics, Inc. (the “Company”) filed an amendment to its Amended and Restated Certificate of Incorporation with the Secretary of State of the State of Delaware on September 7, 2023 (the “Charter Amendment”) to increase the number of authorized shares of the Company’s common stock, $0.001 par value per share, from 45,000,000 to 80,000,000, and the total number of authorized shares of the Company’s capital stock of all classes from 50,000,000 to 85,000,000.

View on SEC.gov

Shareholder Votes SEC 8-K Item 5.07 confidence 0.9

APPLIED OPTOELECTRONICS, INC. shareholders approved To adjourn the meeting if sufficient shares are not represented at the meeting 'FOR' proposal 1. at the 2023-09-07 meeting.

Outcome: passed
Meeting: 2023-09-07

Exact text from the filing

Proposal 2: To adjourn the meeting if sufficient shares are not represented at the meeting "FOR" proposal 1. Votes For Votes Against Votes Abstaining Broker Non-Votes 12,988,480 1,418,866 165,727 5,625,283

View on SEC.gov

Shareholder Votes SEC 8-K Item 5.07 confidence 0.9

APPLIED OPTOELECTRONICS, INC. shareholders approved To approve the amendment to the Company's Amended and Restated Certificate of Incorporation to increase the authorized number of shares of common stock from 45,000,000 shares to 80,000,000 shares. at the 2023-09-07 meeting.

Proposal: charter amendment
Outcome: passed
Meeting: 2023-09-07

Exact text from the filing

Proposal 1: To approve the amendment to the Company's Amended and Restated Certificate of Incorporation to increase the authorized number of shares of common stock from 45,000,000 shares to 80,000,000 shares. Votes For Votes Against Votes Abstaining 17,563,297 2,508,496 126,563

View on SEC.gov

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APPLIED OPTOELECTRONICS, INC. filing history →

Source: SEC EDGAR

accession 0001683168-23-006330

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