Envela Corp — fact timeline

Envela Corp: Amended and Restated Bylaws setting board size minimum of five and maximum of seven, and clarifying vacancy-filling procedures (effective 2025-04-17).

“On April 17, 2025, the Board of Directors of Envela Corporation, a Nevada corporation (the "Company"), approved the Amended and Restated Bylaws of the Company (the “Amended and Restated Bylaws”).”

Allison DeStefano departed as Director at Envela Corp.

“Effective March 10, 2025, Allison DeStefano has stepped down from the Board of Directors of Envela Corporation.”

John DeLuca was appointed as Secretary and Treasurer at Envela Corp.

“On May 7, 2024, the Company's Board of Directors further appointed Mr. DeLuca to the positions of Secretary and Treasurer of the Company, which duties will be performed in addition to those required by his position as CFO, effective immediately.”

John DeLuca was elected as Chief Financial Officer at Envela Corp.

“On March 19, 2024, Envela Corporation’s (the “Company”) Board of Directors elected John DeLuca, age 47, to the position of Chief Financial Officer following the resignation of current Chief Financial Officer Bret A. Pedersen.”

Bret A. Pedersen resigned as Chief Financial Officer at Envela Corp.

“Mr. Pedersen notified Envela of his intent to resign as Chief Financial Officer effective March 25, 2024.”

Envela Corp shareholders approved Adjournment of the Annual Meeting, if necessary, to solicit additional proxies in favor of proposals one and two at the 2023-06-23 meeting.

“Proposal Three The proposal to adjourn the Annual Meeting, if necessary, to solicit additional proxies in favor of proposals one and two was approved by the following vote. It was not necessary to adjourn the Annual Meeting as proposals one and two were approved at the Annual Meeting. Votes For Votes Against Abstentions 22,813,172 761,783 20,388”

Envela Corp shareholders approved Ratification of the appointment of Whitley Penn LLP as the independent registered public accounting firm for the fiscal year ending December 31, 2023 at the 2023-06-23 meeting.

“Proposal Two The proposal to ratify the Company’s appointment of Whitley Penn LLP as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2023 was approved by the following vote: Votes For Votes Against Abstentions Broker Non-Votes 23,584,361 7,707 3,275 0”

Envela Corp shareholders approved Election of each of John R. Loftus, Jim R. Ruth, Alexandra C. Griffin, Allison M. DeStefano and Richard D. Schepp as members of the Board of Directors at the 2023-06-23 meeting.

“Proposal One The nominees named in the Proxy Statement (the “Proxy Statement Nominees”) were elected to the Board of Directors to serve until the next annual meeting of Stockholders and until their respective successors are duly-elected and qualified (or until their death, resignation or removal, if earlier). The Proxy Statement Nominees were the only nominees to receive votes for their election at the meeting, and the Proxy Statement Nominees constitute the five nominees receiving the highest number of votes in favor of their election as directors. The results of the vote with respect to their respective elections were as follows: Nominees Votes For Votes Withheld Broker Non-Votes John R. Loftus 22,067,587 8,832 1,518,924 Allison M. DeStefano 22,039,458 36,961 1,518,924 Jim R. Ruth 21,450,584 625,835 1,518,924 Richard D. Schepp 21,527,492 548,927 1,518,924 Alexandra C. Griffin 21,527,703 548,716 1,518,924”

Richard D. Schepp was elected as Director at Envela Corp.

“On December 1, 2021, the Board of Directors of Envela Corporation (the “Company”) elected Richard D. Schepp as a member of the Board of Directors of the Company, to be effective immediately.”