Summary by Moomoo AI
On June 13, 2024, Exela Technologies, Inc. held its combined 2023 and 2024 Annual Meeting of Stockholders, where the stockholders approved the 2024 Stock Incentive Plan. The plan authorizes the issuance of up to 500,000 shares of common stock for equity-based awards as part of the company's compensation strategy. The plan's details were previously outlined in the Proxy Statement filed on April 29, 2024. During the meeting, stockholders also voted on several other proposals, including the election of directors, executive compensation, and the frequency of future votes on executive pay. Notably, Proposal 5, which sought to amend the terms of the Series B Cumulative Convertible Perpetual Preferred Stock, was not approved. However, the ratification of EisnerAmper LLP as the company's independent auditor for the fiscal year ending December 31, 2024, was approved. Despite the non-approval of Proposal 5, the company decided against adjourning the meeting for further proxy solicitation.
