Summary by Moomoo AI
Marathon Digital Holdings, Inc. has filed a supplement to its definitive proxy statement with the SEC, providing additional information regarding Proposal No. 4 ahead of its annual meeting of stockholders scheduled for June 27, 2024. The supplement, filed on June 20, 2024, seeks stockholder approval for an amendment to the company's 2018 Equity Incentive Plan. The proposed amendment aims to increase the number of shares reserved under the plan by 15 million to continue offering long-term equity incentive compensation, which is integral to Marathon Digital's strategy for attracting and retaining talent. The Board approved the amendment on April 26, 2024, pending stockholder approval at the upcoming annual meeting. Glass Lewis, an independent proxy advisory firm, has recommended stockholders to vote in favor of the amendment. Stockholders as of April 29, 2024, are eligible to vote and are encouraged to submit their proxies or voting instructions promptly.
