other_material
confidence high
sentiment negative
materiality 0.60
Equus Total Return stockholders approve five proposals but reject issuance of shares below net asset value
EQUUS TOTAL RETURN, INC.
- Five director nominees elected with majority support: Fraser Atkinson, Kenneth I. Denos, Henry W. Hankinson, John A. Hardy, John J. May.
- Ratification of BDO USA as independent accountants approved with 11,420,311 votes for.
- Non-binding advisory approval of 2024 executive compensation passed with 7,373,970 votes for.
- Proposal to authorize share issuance below net asset value failed: only 40.3% of non-affiliated shares voted in favor, below required two-thirds.
- Reverse stock split authorization (ratio 2:1 to 5:1) approved with 11,434,464 votes for.
item 5.07