8-K
filed September 8, 2023, 7:59 PM ET
ticker INSG
CIK 0001022652
other material
confidence high
sentiment neutral
materiality 0.70
Inseego shareholders approve reverse stock split (1:5-1:10) and double authorized shares to 300M
INSEEGO CORP.
- Elected James B. Avery and Jeffrey Tuder as directors with ~39.8M and ~40.1M votes for, respectively.
- Ratified Marcum LLP as independent auditor for FY2023 (75.7M for, 2.3M against).
- Approved non-binding advisory say-on-pay (38.6M for, 2.9M against; 36.1M broker non-votes).
- Approved reverse stock split in range 1-for-5 to 1-for-10 (70.9M for, 7.3M against).
- Approved increase in authorized common shares from 150M to 300M (31.4M for, 10.9M against; 36.1M broker non-votes).
Key facts
Extracted from this filing and checked against the source text.
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
INSEEGO CORP. shareholders approved Election of Directors at the 2023-09-05 meeting.
- Proposal
- director election
- Outcome
- passed
- Meeting
- 2023-09-05
Exact text from the filing
Proposal 1: Election of Directors Both of the persons nominated by the Company to serve as directors for a three-year term until the 2026 annual meeting of stockholders were elected with the following votes: Name of Nominee Votes For Votes Withheld Broker Non-Votes James B. Avery 39,766,843 2,781,114 36,117,507 Jeffrey Tuder 40,075,966 2,472,021 36,117,507
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
INSEEGO CORP. shareholders approved Approval of Reverse Stock Split at the 2023-09-05 meeting.
- Proposal
- reverse split
- Outcome
- passed
- Meeting
- 2023-09-05
Exact text from the filing
Proposal 5: Approval of Reverse Stock Split The proposal to authorize an amendment of the Company’s Certificate of Incorporation to implement a reverse stock split of the Company’s outstanding shares of Common Stock by a ratio in the range of one-for-five to one-for-ten was approved with the following vote: Votes For Votes Against Abstentions Broker Non-Votes 70,857,505 7,298,643 509,346 0
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
INSEEGO CORP. shareholders approved Advisory Vote on Frequency of Advisory Vote on Executive Compensation at the 2023-09-05 meeting.
- Proposal
- say on pay frequency
- Outcome
- passed
- Meeting
- 2023-09-05
Exact text from the filing
Proposal 4: Advisory Vote on Frequency of Advisory Vote on Executive Compensation With respect to the advisory resolution on the frequency of advisory votes on executive compensation, the frequency of “One Year” received the most votes with the following vote: One Year Two Years Three Years Abstentions Broker Non-Votes 40,912,976 318,385 564,318 752,308 36,117,507
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
INSEEGO CORP. shareholders approved Advisory Vote on Executive Compensation at the 2023-09-05 meeting.
- Proposal
- say on pay
- Outcome
- passed
- Meeting
- 2023-09-05
Exact text from the filing
Proposal 3: Advisory Vote on Executive Compensation The proposal to approve, on a non-binding advisory basis, the compensation paid to the Company’s named executive officers was approved with the following vote: Votes For Votes Against Abstentions Broker Non-Votes 38,554,288 2,919,406 1,074,293 36,117,507
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
INSEEGO CORP. shareholders approved Approval of Increase in Authorized Shares of Common Stock at the 2023-09-05 meeting.
- Proposal
- charter amendment
- Outcome
- passed
- Meeting
- 2023-09-05
Exact text from the filing
Proposal 6: Approval of Increase in Authorized Shares of Common Stock The proposal to authorize an amendment to the Company’s Certificate of Incorporation to increase the number of authorized shares of common stock from 150 million shares to 300 million shares was approved with the following vote: Votes For Votes Against Abstentions Broker Non-Votes 31,390,494 10,908,150 249,343 36,117,507
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
INSEEGO CORP. shareholders approved Ratification of Appointment of Independent Registered Public Accountants at the 2023-09-05 meeting.
- Proposal
- auditor ratification
- Outcome
- passed
- Meeting
- 2023-09-05
Exact text from the filing
Proposal 2: Ratification of Appointment of Independent Registered Public Accountants The proposal to ratify the appointment of Marcum LLP as the Company’s independent registered public accountants for the fiscal year ending December 31, 2023 was approved with the following vote: Votes For Votes Against Abstentions Broker Non-Votes 75,748,726 2,279,250 637,518 0
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
INSEEGO CORP. shareholders approved Approval of Adjournment of Annual Meeting at the 2023-09-05 meeting.
- Outcome
- passed
- Meeting
- 2023-09-05
Exact text from the filing
Proposal 7: Approval of Adjournment of Annual Meeting The proposal to approve an adjournment of the Annual Meeting, if necessary, to solicit additional proxies if there are not sufficient votes in favor of any of the other proposals was approved with the following vote: Votes For Votes Against Abstentions Broker Non-Votes 64,116,882 13,600,553 948,059 0
View on SEC.gov
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