Corporate ActionJun 18, 2026, 04:12 PM
Ouster Stockholders Approve Doubling Authorized Shares to 200M
AI Summary
Ouster, Inc. stockholders approved an amendment to the Certificate of Incorporation to double the number of authorized common shares from 100 million to 200 million at the 2026 Annual Meeting. This amendment became effective upon filing on June 17, 2026. Stockholders also approved the election of two Class II directors, ratified the appointment of PricewaterhouseCoopers LLP as auditor, and approved executive officer compensation on an advisory basis. However, a proposal to provide for officer exculpation was not approved.
Key Highlights
- Stockholders approved an amendment to increase authorized common stock from 100,000,000 to 200,000,000 shares.
- The Authorized Shares Amendment was approved with 41,616,898 votes For and 4,013,345 Against.
- Phillip M. Eyler and Angus Pacala were elected as Class II directors.
- PricewaterhouseCoopers LLP was ratified as the independent auditor for fiscal year 2026.
- Advisory approval for named executive officer compensation was granted.
- An amendment to provide for officer exculpation was not approved by stockholders.
Price Impact
More from OUST