AGM/EGMMay 4, 2026, 04:46 PM
Xos, Inc. Seeks Approval for 20%+ Stock Issuance, Virtual AGM June 23
AI Summary
Xos, Inc. announced its 2026 Annual Meeting of Stockholders will be held virtually on June 23, 2026. Key proposals include the election of three Class II directors, ratification of Grant Thornton LLP as independent auditors, and an amendment to the 2021 Equity Incentive Plan to increase reserved shares. Stockholders will also vote on a significant proposal to approve the potential issuance of 20% or more of outstanding common stock at prices below the Nasdaq Minimum Price to holders of Convertible Promissory Notes, which may also involve a change of control.
Key Highlights
- Xos, Inc. will hold its 2026 Annual Meeting virtually on June 23, 2026, at 11:00 a.m. PDT.
- Stockholders will vote to elect three Class II directors for a three-year term.
- Proposal to ratify Grant Thornton LLP as independent auditors for fiscal year 2026.
- Approval sought for 2026 Amendment to 2021 Equity Incentive Plan to increase reserved shares.
- Non-binding advisory vote on fiscal year 2025 compensation of named executive officers.
- Non-binding advisory vote on frequency of future executive compensation votes (Board recommends 1 Year).
- Approval for potential issuance of 20%+ common stock below Nasdaq Minimum Price to Convertible Promissory Note holders.
- Approval of any change of control deemed to occur from the potential share issuance.