A quorum is the minimum number of members needed to officially hold a meeting or make decisions. It ensures that decisions are made with enough participation to represent the group’s interests, much like a majority must be present for a vote to be valid. For investors, understanding quorum is important because it affects when and how important company or organization decisions can be legally made.
series a junior preferred stockfinancial
A series A junior preferred stock is a specific class of preferred shares that rank below senior preferred or debt but above common stock in the payment hierarchy. These shares typically carry fixed dividends, preferential liquidation rights, and sometimes limited voting or conversion features; think of them as a middle-priority lane that gets paid after senior claims but before ordinary shareholders. Investors watch this class because its dividend and payout priority affect potential income and recovery if a company restructures or winds down.
plan of complete liquidation and dissolutionregulatory
A plan of complete liquidation and dissolution is a formal roadmap for closing a company: selling its assets, paying off debts and obligations, and then distributing any remaining cash to shareholders before legally ending the business. For investors it matters because it typically ends public trading of the company’s stock and determines whether shareholders receive any payout (and how much) — like a store closing sale where bills are paid first and whatever’s left is split among owners.
broker non-votesfinancial
Broker non-votes occur when a brokerage firm is unable to vote on a shareholder’s behalf during a company election or decision because the shareholder has not given specific voting instructions, and the broker is not allowed or chooses not to vote on certain matters. They are important because they can affect the outcome of votes, especially when the results are close, by effectively reducing the total number of votes cast.
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WEST SACRAMENTO, Calif.--(BUSINESS WIRE)--
Origin Materials (“Origin”) (formerly, NASDAQ: ORGN, ORGNW) today announced the official voting results from its special meeting of stockholders (the “Special Meeting”), held on August 12, 2026. Stockholders voted to approve management’s proposal.
Present at the Special Meeting via remote communication or by proxy were the holders of 2,099,067 shares of common stock of the Company and the holder of one share of Series A Junior Preferred stock, collectively representing 69.07% of the voting power of all outstanding shares of the Company’s capital stock as of the close of business on July 8, 2026, the record date for the Special Meeting, which constituted a quorum for transacting business.
At the Special Meeting, the Company’s stockholders voted to approve the Dissolution Proposal, which is described in more detail in the Company’s definitive proxy statement on Schedule 14A filed with the U.S. Securities and Exchange Commission on July 20, 2026 (the “Proxy Statement”). The following is a brief description of the Dissolution Proposal voted upon and the certified results, including the number of votes cast for or against and, if applicable, the number of votes withheld, abstentions, and broker non-votes with respect to that proposal.
To approve the liquidation and dissolution of the Company, or the Dissolution, pursuant to the Amended and Restated Plan of Complete Liquidation and Dissolution, or the Plan of Dissolution, which, if approved, will authorize the Company to liquidate and dissolve the Company in accordance with the Plan of Dissolution. This proposal is referred to as the “Dissolution Proposal.” The voting results were as follows:
