SplitJun 11, 2026, 04:08 PM
Marqeta Stockholders Approve 1-for-4 Reverse Stock Split
AI Summary
Marqeta, Inc. stockholders approved a 1-for-4 reverse stock split at the Annual Meeting held on June 10, 2026, which the company expects to effect by June 30, 2026. Additionally, stockholders elected four Class II director nominees, ratified KPMG LLP as the independent auditor, and approved an amendment for officer exculpation. The compensation paid to named executive officers was also approved on a non-binding advisory basis.
Key Highlights
- Stockholders approved a 1-for-4 reverse stock split with 556,674,402 votes For.
- Four Class II director nominees were elected, with Michael Milotich receiving 494,797,547 votes For.
- KPMG LLP was ratified as the independent registered public accounting firm with 574,083,887 votes For.
- An amendment for officer exculpation was approved with 391,167,767 votes For.
- Executive compensation was approved on a non-binding advisory basis with 389,625,862 votes For.
Price Impact
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