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[DEFR14A] Cineverse Corp. Revised Proxy Statement

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DEFR14A
Rhea-AI Filing Summary

Cineverse Corp. (CNVS) filed Amendment No. 2 to its 2025 proxy, updating Proposal Four language about the 2017 Equity Incentive Plan. The plan now states a $1,000,000 annual cap on the aggregate value of Common Stock issuable to all non-employee directors. It also clarifies that each non-employee director is anticipated to receive a $90,000 restricted stock award after each annual meeting, valued using the trailing 20-day VWAP as of the meeting date, whether or not the proposal is approved.

Cineverse Corp. (CNVS) ha presentato l'Amendment No. 2 al suo proxy del 2025, aggiornando il linguaggio della Proposta Quattro riguardo al Piano di Incentivazione Azionaria del 2017. Il piano ora prevede un cap annuo di $1,000,000 sul valore complessivo di azioni ordinarie emesse a tutti i membri non dipendenti del consiglio. Chiarisce inoltre che ciascun amministratore non dipendente dovrebbe ricevere una concessione vincolata di azioni del valore di $90,000 dopo ciascuna riunione annuale, valutata usando il VWAP degli ultimi 20 giorni alla data della riunione, indipendentemente dall'approvazione della proposta.

Cineverse Corp. (CNVS) presentó la Enmienda n.° 2 a su proxy de 2025, actualizando el lenguaje de la Propuesta Cuatro sobre el Plan de Incentivos en Acciones de 2017. El plan ahora establece un tope anual de $1,000,000 en el valor agregado de las Acciones Comunes que puedan emitir a todos los directores que no sean empleados. También aclara que cada director no empleado debería recibir una asignación de acciones restringidas por valor de $90,000 después de cada reunión anual, valorada usando el VWAP de los últimos 20 días a la fecha de la reunión, ya sea que la propuesta sea aprobada o no.

Cineverse Corp. (CNVS)가 2025년 의결권 대리인 서류의 Amendment No. 2를 제출하여 2017년 주식보상계획의 제4안 내용을 업데이트했습니다. 해당 계획은 이제 모든 비피고인 이사들에게 발행될 보통주 총가치에 대해 연간 상한 $1,000,000을 규정합니다. 또한 각 비피고인 이사회 멤버가 매년 총회 후에 $90,000의 제한주 보상을 받을 것으로 예상되며, 회의일 기준 최근 20거래일 VWAP로 평가되며, 제안의 승인 여부와 관계없이 적용됩니다.

Cineverse Corp. (CNVS) a déposé l'Amendement n° 2 à son proxy 2025, mettant à jour le texte de la Proposition Quatre relatifs au Plan d'Incitation en Actions de 2017. Le plan indique désormais un plafond annuel de $1,000,000 sur la valeur agrégée des actions ordinaires susceptibles d'être délivrées à tous les administrateurs non salariés. Il précise également que chaque administrateur non salarié devrait recevoir une attribution d'actions restreintes d'une valeur de $90,000 après chaque assemblée annuelle, évaluée en utilisant le VWAP des 20 derniers jours à la date de l'assemblée, que la proposition soit approuvée ou non.

Cineverse Corp. (CNVS) hat Amendment Nr. 2 zu seinem Proxy für 2025 eingereicht und die Formulierung von Vorschlag Vier in Bezug auf den Equity-Incentive-Plan von 2017 aktualisiert. Der Plan sieht nun eine jährliche Obergrenze von $1,000,000 für den Gesamtwert der an alle nicht tätigen Direktoren auszugebenden Stammaktien vor. Er klärt auch, dass jeder nicht-angestellte Direktor voraussichtlich nach jeder Hauptversammlung eine eingeschränkte Aktienzuteilung im Wert von $90,000 erhalten wird, bewertet nach dem VWAP der letzten 20 Handelstage zum Datum der Versammlung, unabhängig davon, ob der Vorschlag genehmigt wird.

Cineverse Corp. (CNVS) قد قدمت التعديل رقم 2 على وكالتها لعام 2025، محدثة نص الاقتراح الرابع حول خطة الحوافز بالأسهم لعام 2017. تنص الخطة الآن على حد أقصى سنوي قدره $1,000,000 للقيمة الإجمالية للأسهم العادية القابلة لإصدارها لجميع أعضاء المجلس غير الموظفين. كما توضح أن كل مدير غير موظف من المتوقع أن يتلقى منحة أسهم مقيدة بقيمة $90,000 بعد كل اجتماع سنوي، مقدرة باستخدام VWAP لـ20 يوماً الأخيرة بتاريخ الاجتماع، بغض النظر عما إذا كان المقترح مُعتمداً أم لا.

Positive
  • None.
Negative
  • None.

Cineverse Corp. (CNVS) ha presentato l'Amendment No. 2 al suo proxy del 2025, aggiornando il linguaggio della Proposta Quattro riguardo al Piano di Incentivazione Azionaria del 2017. Il piano ora prevede un cap annuo di $1,000,000 sul valore complessivo di azioni ordinarie emesse a tutti i membri non dipendenti del consiglio. Chiarisce inoltre che ciascun amministratore non dipendente dovrebbe ricevere una concessione vincolata di azioni del valore di $90,000 dopo ciascuna riunione annuale, valutata usando il VWAP degli ultimi 20 giorni alla data della riunione, indipendentemente dall'approvazione della proposta.

Cineverse Corp. (CNVS) presentó la Enmienda n.° 2 a su proxy de 2025, actualizando el lenguaje de la Propuesta Cuatro sobre el Plan de Incentivos en Acciones de 2017. El plan ahora establece un tope anual de $1,000,000 en el valor agregado de las Acciones Comunes que puedan emitir a todos los directores que no sean empleados. También aclara que cada director no empleado debería recibir una asignación de acciones restringidas por valor de $90,000 después de cada reunión anual, valorada usando el VWAP de los últimos 20 días a la fecha de la reunión, ya sea que la propuesta sea aprobada o no.

Cineverse Corp. (CNVS)가 2025년 의결권 대리인 서류의 Amendment No. 2를 제출하여 2017년 주식보상계획의 제4안 내용을 업데이트했습니다. 해당 계획은 이제 모든 비피고인 이사들에게 발행될 보통주 총가치에 대해 연간 상한 $1,000,000을 규정합니다. 또한 각 비피고인 이사회 멤버가 매년 총회 후에 $90,000의 제한주 보상을 받을 것으로 예상되며, 회의일 기준 최근 20거래일 VWAP로 평가되며, 제안의 승인 여부와 관계없이 적용됩니다.

Cineverse Corp. (CNVS) a déposé l'Amendement n° 2 à son proxy 2025, mettant à jour le texte de la Proposition Quatre relatifs au Plan d'Incitation en Actions de 2017. Le plan indique désormais un plafond annuel de $1,000,000 sur la valeur agrégée des actions ordinaires susceptibles d'être délivrées à tous les administrateurs non salariés. Il précise également que chaque administrateur non salarié devrait recevoir une attribution d'actions restreintes d'une valeur de $90,000 après chaque assemblée annuelle, évaluée en utilisant le VWAP des 20 derniers jours à la date de l'assemblée, que la proposition soit approuvée ou non.

Cineverse Corp. (CNVS) hat Amendment Nr. 2 zu seinem Proxy für 2025 eingereicht und die Formulierung von Vorschlag Vier in Bezug auf den Equity-Incentive-Plan von 2017 aktualisiert. Der Plan sieht nun eine jährliche Obergrenze von $1,000,000 für den Gesamtwert der an alle nicht tätigen Direktoren auszugebenden Stammaktien vor. Er klärt auch, dass jeder nicht-angestellte Direktor voraussichtlich nach jeder Hauptversammlung eine eingeschränkte Aktienzuteilung im Wert von $90,000 erhalten wird, bewertet nach dem VWAP der letzten 20 Handelstage zum Datum der Versammlung, unabhängig davon, ob der Vorschlag genehmigt wird.

Cineverse Corp. (CNVS) قد قدمت التعديل رقم 2 على وكالتها لعام 2025، محدثة نص الاقتراح الرابع حول خطة الحوافز بالأسهم لعام 2017. تنص الخطة الآن على حد أقصى سنوي قدره $1,000,000 للقيمة الإجمالية للأسهم العادية القابلة لإصدارها لجميع أعضاء المجلس غير الموظفين. كما توضح أن كل مدير غير موظف من المتوقع أن يتلقى منحة أسهم مقيدة بقيمة $90,000 بعد كل اجتماع سنوي، مقدرة باستخدام VWAP لـ20 يوماً الأخيرة بتاريخ الاجتماع، بغض النظر عما إذا كان المقترح مُعتمداً أم لا.

Cineverse Corp. (CNVS) 已就其截至2025年的代理书提交 Amendment No. 2,更新了关于 2017 年股票激励计划的第 4 条款。该计划现在规定,面向所有非雇员董事的普通股总发行价值设定年上限为 $1,000,000。它还澄清,每位非雇员董事预计在每次年度股东大会之后将获得一项价值 $90,000 的限制性股票奖金,按会议日的过去 20 个交易日 VWAP 进行估值,无论该提案是否获得批准。

true0001173204DEFR14A00011732042024-04-012025-03-31

 

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE l4A

Proxy Statement Pursuant to Section 14(a) of

the Securities Exchange Act of 1934

(Amendment No. 2)

 

Filed by the Registrant

Filed by a Party other than the Registrant

Check the appropriate box:

Preliminary Proxy Statement

Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2))

Definitive Proxy Statement

Definitive Additional Materials

Soliciting Material Under Rule l4a-l2

CINEVERSE CORP.

(Name of Registrant As Specified In Its Charter)

N/A

(Name of Person(s) Filing Proxy statement, if Other Than the Registrant)

Payment of Filing Fee (Check all boxes that apply):

No fee required.

Fee paid previously with preliminary materials.

Fee computed on table in exhibit required by Item 25(b) per Exchange Act Rules 14a-6(i)(1) and 0-11.

 


 

CINEVERSE CORP.

 

PROXY STATEMENT

AMENDMENT NO. 2

2025 ANNUAL MEETING OF STOCKHOLDERS

November 20, 2025

 

 

On October 10, 2025, Cineverse Corp. (the “Company”) filed its definitive proxy statement with respect to its 2025 Annual Meeting of Stockholders scheduled for November 20, 2025, as amended by Amendment No. 1 to the Proxy Statement filed on October 14, 2025 solely to include interactive data (as amended, the “Proxy Statement”).

 

This Amendment No. 2 to the Proxy Statement is filed solely to amend the following sentences set forth in Proposal Four – Amendment to 2017 Equity Incentive Plan to Increase the Total Number of Shares of Class A Common Stock Available for Issuance Thereunder.

 

(1)
The third bullet point under “Key Features and Governance Best Practices” is amended to state:

 

Cap on Director Compensation. The 2017 Plan limits the number of shares of Common Stock that may be issued in the aggregate to all non-employee directors in any year to $1,000,000 in value.”

 

(2)
The first sentence in the first paragraph under “Non-employee Director Awards” is amended to state:

 

“It is anticipated that each non-employee director will receive, following the date of each annual meeting of stockholders, a restricted stock award valued at $90,000, based on the trailing 20-day volume weighted average price (“VWAP”) of the Class A Common Stock as of the date of such annual meeting, whether or not this proposal is approved.”

 

Except as expressly noted above, this Amendment No. 2 does not modify or update in any way disclosures made in the Proxy Statement. Accordingly, this Amendment No. 2 should be read in conjunction with the Proxy Statement.

 


FAQ

What did Cineverse (CNVS) change in its proxy amendment?

It updated Proposal Four language to state a $1,000,000 annual cap on aggregate non-employee director equity and clarified a $90,000 per-director restricted stock award using 20-day VWAP.

What is the director equity cap for CNVS under the 2017 Plan?

The 2017 Plan limits total equity issued to all non-employee directors in any year to $1,000,000 in value.

How much equity is anticipated per CNVS non-employee director?

Each non-employee director is anticipated to receive a restricted stock award valued at $90,000 after each annual meeting, based on the 20-day VWAP.

How is the CNVS director award value determined?

The award value uses the trailing 20-day VWAP of Class A Common Stock as of the annual meeting date.

Does the $90,000 CNVS director award depend on Proposal Four’s approval?

No. The amendment states the award occurs whether or not the proposal is approved.

When is the CNVS 2025 annual meeting scheduled?

The 2025 Annual Meeting of Stockholders is scheduled for November 20, 2025.
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