AGM/EGMJul 21, 2026, 04:12 PM
My Size Stockholders Reject Blank Check Preferred Stock Authorization
AI Summary
My Size, Inc. held its 2026 annual meeting where stockholders voted on several key proposals. While shareholders approved the election of two Class II directors, an advisory vote on executive compensation, and the ratification of the independent auditor, a significant proposal to authorize blank check preferred stock was rejected. Additionally, stockholders granted the Board discretionary authority to effect a reverse stock split at a ratio between 1-for-2 and 1-for-30 by July 21, 2027.
Key Highlights
- Stockholders rejected the proposal to authorize blank check preferred stock.
- Approved granting discretionary authority for a reverse stock split (1-for-2 to 1-for-30 ratio) by July 21, 2027.
- Elected Oron Branitzky and Guy Zimmerman as Class II directors.
- Approved the advisory vote on named executive officer compensation.
- Ratified Somekh Chaikin as the independent public accountant for 2026.
- A total of 2,023,301 shares were represented at the Annual Meeting, constituting a quorum.
- The blank check preferred stock proposal did not receive the affirmative vote of a majority of outstanding shares.
Price Impact
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