Neonode Announces Adjournment of Annual Meeting of Stockholders

Rhea-AI Summary

Neonode (NASDAQ: NEON) announced the adjournment of its 2025 Annual Meeting of Stockholders due to lack of quorum. The meeting, initially scheduled for June 12, 2025, will reconvene on June 26, 2025, at 3:00 p.m. local time at the company's Stockholm office. The record date remains April 21, 2025, and previously submitted proxies will remain valid. The Board unanimously recommends stockholders vote FOR all proposals. The company emphasizes the importance of stockholder participation to reach quorum, as the meeting cannot proceed without sufficient voter turnout. All meeting materials are available on the company's proxy portal.

STOCKHOLM, June 12, 2025 /PRNewswire/ -- Neonode Inc. (NASDAQ: NEON) (the "Company" or "Neonode") announced today that its 2025 Annual Meeting of Stockholders (the "Annual Meeting") was convened and adjourned without any business being conducted, due to a lack of the required quorum. The meeting was held on June 12, 2025 at 3:00 p.m. local time at Neonode's principal executive office located at Karlavägen 100, 115 26 Stockholm, Sweden.

The Annual Meeting will reconvene on June 26, 2025 at 3:00 p.m. local time at Neonode's principal executive office to provide its stockholders additional time to vote on the proposals described in the proxy statement filed with the Securities and Exchange Commission on April 30, 2025. No changes have been made in the proposals to be voted on by stockholders at the annual meeting.

The record date for determining stockholder eligibility to vote at the Annual Meeting will remain the close of business on April 21, 2025. Proxies previously submitted will be voted at the Annual Meeting unless properly revoked, and stockholders who have already submitted a proxy or otherwise voted need not take any action.

The Neonode Board of Directors unanimously recommends that stockholders vote FOR all proposals and encourages all stockholders who have not already voted to do so immediately.

Your vote matters. Whether you own a few shares or many, please vote as soon as possible to help ensure a quorum is reached. Without a quorum, the meeting cannot proceed.

This notice, the proxy statement, the proxy card, and Neonode's annual report on Form 10-K are available at https://www.astproxyportal.com/ast/22427/

For more information, please contact:

CONTACT:

Chief Financial Officer
Fredrik Nihlén
E-mail: fredrik.nihlen@neonode.com
Phone: +46 703 97 21 09

President and Chief Executive Officer
Pierre Daniel Alexus
E-mail: daniel.alexus@neonode.com
Phone: +46 767 60 29 90

This information was brought to you by Cision http://news.cision.com

https://news.cision.com/neonode/r/neonode-announces-adjournment-of-annual-meeting-of-stockholders,c4163712

The following files are available for download:

https://mb.cision.com/Main/17297/4163712/3502384.pdf	annual-meeting-adjournment-20250612
https://news.cision.com/neonode/i/meeting-adjournment-announcement,c3418083	Meeting adjournment announcement

View original content:https://www.prnewswire.com/news-releases/neonode-announces-adjournment-of-annual-meeting-of-stockholders-302480693.html

SOURCE Neonode

FAQ

When is Neonode's (NEON) rescheduled 2025 Annual Meeting?

Neonode's rescheduled 2025 Annual Meeting will be held on June 26, 2025, at 3:00 p.m. local time at their Stockholm office.

What is the record date for Neonode's (NEON) 2025 Annual Meeting?

The record date for determining stockholder eligibility to vote remains the close of business on April 21, 2025.

Why was Neonode's (NEON) Annual Meeting adjourned?

The meeting was adjourned due to lack of the required quorum, meaning insufficient stockholder participation to conduct business.

Do Neonode (NEON) stockholders need to vote again if they already submitted their proxy?

No, previously submitted proxies will remain valid for the reconvened meeting unless properly revoked.

What is the Board's recommendation for Neonode's (NEON) 2025 Annual Meeting proposals?

The Neonode Board of Directors unanimously recommends that stockholders vote FOR all proposals.