RESULT OF ANNUAL GENERAL MEETING HELD ON 25 JUNE 2026

GigaMedia (NASDAQ:GIGM) reported that all resolutions at its Annual General Meeting on 25 June 2026 were passed by poll vote.

Rhea-AI Summary

GigaMedia (NASDAQ:GIGM) reported that all resolutions at its Annual General Meeting on 25 June 2026 were passed by poll vote.

Key resolutions included adoption of audited financial statements, auditor appointment, directors' remuneration, authority to issue shares, and a share purchase mandate, all receiving about 98% support.

• Financial statements: 99.05% of votes in favor
• Auditors: 98.25% of votes in favor
• Directors' pay: 97.74% of votes in favor
• Share issuance authority: 97.65% of votes in favor
• Share purchase mandate: 98.06% of votes in favor

Argus Jun 25 session

-0.38% close to close Open Argus

Details

News Market Reaction – GIGM

On Jun 25, the day this news came out, GIGM closed 0.38% below the previous close.

Data tracked by StockTitan Argus for the Jun 25 session.

Market Context

This announcement confirms all 5 AGM resolutions passed with over 97% support, reinforcing governanc...

Analysis

This announcement confirms all 5 AGM resolutions passed with over 97% support, reinforcing governance and capital flexibility. Recent filings highlight ongoing losses, so investors may watch how these authorizations are used to improve operations and returns.

Key Figures

Resolution 1 votes for: 4,501,130 votes (99.05%) Resolution 1 votes against: 30,500 votes (0.67%) Resolution 2 votes for: 7,619,119 votes (98.25%) +5 more

Resolution 1 votes for

4,501,130 votes (99.05%)

AGM adoption of audited financial statements

Resolution 1 votes against

30,500 votes (0.67%)

AGM adoption of audited financial statements

Resolution 2 votes for

7,619,119 votes (98.25%)

AGM appointment of auditors

Resolution 3 votes for

4,441,310 votes (97.74%)

AGM approval of directors' remuneration

Resolution 4 votes for

4,437,343 votes (97.65%)

AGM authority to allot and issue shares

Resolution 5 votes for

4,455,892 votes (98.06%)

AGM approval for share purchase mandate

Resolution 5 votes against

79,499 votes (1.75%)

AGM approval for share purchase mandate

Publication date

June 25, 2026

Date AGM results were announced

Historical Context

5 past events · Latest: Jun 16

5 events

1. Jun 16

   Strategic investment

   24h Move

   +1.4%

   Conversion of Aeolus convertible notes into Series C preferred equity stake.

2. May 28

   AGM notice

   24h Move

   +1.1%

   Notice setting June 25, 2026 date and agenda for annual meeting.

3. May 4

   Quarterly earnings

   24h Move

   -4.8%

   Release of unaudited Q1 2026 financial results for digital entertainment business.

4. Mar 26

   Annual earnings

   24h Move

   +1.7%

   Announcement of unaudited Q4 and full-year 2025 financial performance.

5. Mar 2

   Debt amendment

   24h Move

   +0.0%

   Second amendment extending maturity of Aeolus convertible promissory note.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

audited financial statements, directors' remuneration, share purchase mandate

3 terms

audited financial statements financial

"Resolution 1 – Adoption of audited financial statements"

Audited financial statements are a company's financial reports—like its income, expenses, assets and debts—that have been examined and verified by an independent accountant to confirm they are accurate and complete. For investors, an audit is like having a trusted mechanic inspect a used car: it increases confidence that the financial picture is reliable, reduces the risk of hidden problems, and supports better decisions about valuing or trusting the company.

directors' remuneration financial

"Resolution 3 – Approval of Directors' remuneration"

Pay and benefits awarded to a company's board members and senior executives, including salaries, bonuses, stock awards, options, pension contributions, and perks. Investors care because these packages influence leaders' decisions, affect company profits and cash flow, and signal whether management's incentives align with shareholder interests—much like a coach’s contract shaping how they lead a team and pursue winning results.

share purchase mandate regulatory

"Resolution 5 – Approval for share purchase mandate"

A share purchase mandate is formal permission granted to a company’s board to buy back its own stock up to a set limit and timeframe. For investors, it matters because buybacks reduce the number of shares available, which can raise earnings per share and share price, signal management’s confidence, and use company cash that might otherwise be spent on growth or dividends—like a bakery buying back gift certificates so each remaining certificate represents a bigger slice of the business.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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TAIPEI, June 25, 2026 /PRNewswire/ -- GigaMedia Limited (NASDAQ: GIGM), a digital entertainment services provider, wishes to announce that at the Annual General Meeting ("AGM") of the Company held on 25 June 2026, all resolutions relating to the matters set out in the Notice of AGM dated 28 May 2026 were duly passed.

Poll Results

The results of the poll in respect of each of the resolutions put to vote at the AGM, as confirmed by scrutineer for the poll at the AGM, are as follow:

Resolution 1 – Adoption of audited financial statements

FOR		AGAINST		ABSTAIN
No. of votes	% of total votes exercised at AGM	No. of votes	% of total votes exercised at AGM	No. of votes	% of total votes exercised at AGM
4,501,130	99.05	30,500	0.67	12,484	0.28

Resolution 2 – Approval of appointment of auditors

FOR		AGAINST		ABSTAIN
No. of votes	% of total votes exercised at AGM	No. of votes	% of total votes exercised at AGM	No. of votes	% of total votes exercised at AGM
7,619,119	98.25	121,868	1.57	13,695	0.18

Resolution 3 – Approval of Directors' remuneration

FOR		AGAINST		ABSTAIN
No. of votes	% of total votes exercised at AGM	No. of votes	% of total votes exercised at AGM	No. of votes	% of total votes exercised at AGM
4,441,310	97.74	100,989	2.22	1,815	0.04

Resolution 4 – Approval for authority to allot and issue shares

FOR		AGAINST		ABSTAIN
No. of votes	% of total votes exercised at AGM	No. of votes	% of total votes exercised at AGM	No. of votes	% of total votes exercised at AGM
4,437,343	97.65	104,422	2.30	2,349	0.05

Resolution 5 – Approval for share purchase mandate

FOR		AGAINST		ABSTAIN
No. of votes	% of total votes exercised at AGM	No. of votes	% of total votes exercised at AGM	No. of votes	% of total votes exercised at AGM
4,455,892	98.06	79,499	1.75	8,723	0.19

About GigaMedia

Headquartered in Taipei, Taiwan, GigaMedia Limited (Singapore registration number: 199905474H) is a diversified provider of digital entertainment services in Taiwan and Hong Kong. GigaMedia's digital entertainment service business is an innovative leader in Asia with growing capabilities of development, distribution and operation of digital entertainments, as well as platform services for games with a focus on mobile games and casual games. More information on GigaMedia can be obtained from www.gigamedia.com. 

The statements included above and elsewhere in this press release that are not historical in nature are "forward-looking statements" within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. GigaMedia cautions readers that forward-looking statements are based on the company's current expectations and involve a number of risks and uncertainties. Actual results may differ materially from those contained in such forward-looking statements. Information as to certain factors that could cause actual results to vary can be found in GigaMedia's Annual Report on Form 20-F filed with the United States Securities and Exchange Commission in April 2026.

View original content:https://www.prnewswire.com/news-releases/result-of-annual-general-meeting-held-on-25-june-2026-302810626.html

SOURCE GigaMedia

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did GigaMedia (NASDAQ:GIGM) announce from its June 25, 2026 AGM?

GigaMedia announced that all resolutions at its June 25, 2026 AGM were approved by shareholders via poll. According to GigaMedia, this included financial statement adoption, auditor appointment, directors' remuneration, share issuance authority, and a share purchase mandate.

How did GigaMedia shareholders vote on the 2025 audited financial statements at the 2026 AGM?

Shareholders approved the audited financial statements with 4,501,130 votes, or 99.05% of votes cast, in favor. According to GigaMedia, only 30,500 votes (0.67%) were against and 12,484 votes (0.28%) abstained on this resolution.

What were the poll results for GIGM auditor appointment at the June 2026 AGM?

The appointment of auditors received 7,619,119 votes for, representing 98.25% of votes cast at the AGM. According to GigaMedia, 121,868 votes (1.57%) were against and 13,695 votes (0.18%) abstained on the auditor resolution.

How did GIGM shareholders vote on directors' remuneration at the 2026 Annual General Meeting?

Directors' remuneration was approved with 4,441,310 votes for, or 97.74% of votes exercised. According to GigaMedia, 100,989 votes (2.22%) were against and 1,815 votes (0.04%) abstained on the directors' remuneration resolution.

What was approved about GigaMedia share issuance authority at the June 25, 2026 AGM?

Shareholders approved authority to allot and issue shares with 4,437,343 votes, or 97.65% of votes cast, in favor. According to GigaMedia, 104,422 votes (2.30%) opposed and 2,349 votes (0.05%) abstained on this capital authority.

What is the GIGM share purchase mandate approved at the 2026 AGM?

The share purchase mandate was approved with 4,455,892 votes for, equal to 98.06% of votes cast at the AGM. According to GigaMedia, 79,499 votes (1.75%) were against and 8,723 votes (0.19%) abstained on this mandate.