Summary by Moomoo AI
At Nxu's 2024 Annual Meeting held on August 14, shareholders approved significant corporate changes including a Certificate of Incorporation amendment and the amended 2023 Omnibus Incentive Plan. The Charter Amendment allows the company to modify its share structure under Section 242(d) of Delaware law, enabling changes to authorized shares and reverse stock splits with majority shareholder approval.The amended Incentive Plan increases available Class A common stock by 48 million shares and extends the award period to August 13, 2034. Shareholders also elected four directors - Mark Hanchett, Annie Pratt, Britt Ide, and Jessica Billingsley - to serve until the 2025 annual meeting.Additionally, stockholders ratified Prager Metis CPAs LLC as the independent auditor for fiscal year 2024 and approved the authorization of a new Preferred Stock series. The Charter Amendment was filed with Delaware's Secretary of State on August 16, 2024.
