Neonode Announces Adjournment of Reconvened Annual Meeting of Stockholders
Neonode (NASDAQ: NEON) announced the adjournment of its reconvened 2025 Annual Meeting of Stockholders on June 26, 2025, due to lack of required quorum.
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Rhea-AI Summary
Neonode (NASDAQ: NEON) announced the adjournment of its reconvened 2025 Annual Meeting of Stockholders on June 26, 2025, due to lack of required quorum. The meeting has been rescheduled for July 3, 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 and urges all stockholders who haven't voted to do so to ensure quorum is reached.
Positive
- None.
Negative
- Failure to achieve quorum for the second time indicates potential shareholder engagement issues
- Meeting delays may impact timely implementation of corporate actions
Details
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The Annual Meeting will be reconvened again on July 3, 2025 at 3:00 p.m. local time at Neonode's principal executive office to provide its stockholders with 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 to 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 at the close of business on April 21, 2025. Proxies previously submitted will be voted on 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
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The following files are available for download:
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https://news.cision.com/neonode/i/reconvened-annual-meeting-adjournment,c3422381 | Reconvened Annual Meeting Adjournment |
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SOURCE Neonode
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