SplitMay 8, 2026, 05:06 PM
Auddia Stockholders Approve Reverse Split Authority; $500K Executive Bonuses
AI Summary
Auddia Inc. stockholders approved discretionary authority for the board to implement a reverse stock split at a Special Meeting on May 8, 2026. Additionally, the Compensation Committee approved cash bonuses totaling $500,000 for CEO Jeffrey Thramann ($350,000) and CFO John Mahoney ($150,000). These bonuses were awarded based on the successful completion of the company's recent $12 million public offering.
Key Highlights
- Auddia stockholders approved discretionary authority for a reverse stock split.
- The reverse stock split proposal passed with 803,150 votes in favor.
- CEO Jeffrey Thramann was awarded a $350,000 cash bonus.
- CFO John Mahoney received a $150,000 cash bonus.
- Bonuses were tied to the successful completion of a $12 million public offering.
- Stockholders also approved a proposal to adjourn the meeting if further proxy solicitation was needed.