Corporate GovernanceJun 15, 2026, 04:12 PM
Velo3D Stockholders Approve 2.86M Share Increase in Equity Plan
AI Summary
Velo3D, Inc. stockholders approved an amendment to the 2021 Equity Incentive Plan, increasing authorized shares for issuance by 2,860,000 and incentive stock options from 244,377 to 10,000,000 shares. The amendment also requires stockholder approval for option or SAR repricing. Additionally, stockholders elected Stefan Krause and Lily Mei as Class II directors, ratified Frank, Rimerman + Co. LLP as the independent auditor for 2026, and approved the advisory vote on named executive officer compensation. They also indicated a preference for annual advisory votes on executive compensation.
Key Highlights
- Stockholders approved an amendment to the 2021 Equity Incentive Plan.
- Authorized shares for issuance under the plan increased by 2,860,000.
- Incentive stock options increased from 244,377 to 10,000,000 shares.
- Stefan Krause and Lily Mei were elected as Class II directors.
- Frank, Rimerman + Co. LLP was ratified as the independent auditor for 2026.
- Stockholders approved, on an advisory basis, named executive officer compensation.
- Stockholders preferred an annual frequency for future say-on-pay votes.
Price Impact
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