Solana Company (NASDAQ: HSDT) 2026 meeting elects directors, confirms auditor

Filing Impact

(Moderate)

Filing Sentiment

(Neutral)

Form Type

8-K

Rhea-AI Filing Summary

Solana Company reported results from its annual stockholder meeting held on May 21, 2026. Stockholders elected four directors, each to serve a one-year term ending at the 2027 annual meeting, with votes for individual nominees ranging from 13,334,028 to 13,523,716 and broker non-votes of 15,063,041 for each.

Stockholders also ratified the appointment of CBIZ CPAs P.C. as independent registered public accounting firm for the year ending December 31, 2026, with 28,738,836 votes for, 47,612 against and 67,199 abstentions, plus 15,063,041 broker non-votes. In addition, two more directors were elected for one-year terms, and the audit committee was reconstituted to include Blane Walter (Chair), Edward M. Straw and Michel Lee.

8-K Event Classification

2 items: 5.07, 8.01

2 items

Item 5.07 Submission of Matters to a Vote of Security Holders Governance

Results of a shareholder vote on proposals at an annual or special meeting.

Item 8.01 Other Events Other

Voluntary disclosure of events the company deems important to shareholders but not covered by other items.

Key Figures

Votes for Joseph Chee: 13,416,280 votes Votes for Blane Walter: 13,518,395 votes Votes for Edward M. Straw: 13,523,716 votes +4 more

7 metrics

Votes for Joseph Chee 13,416,280 votes Director election at May 21, 2026 annual meeting

Votes for Blane Walter 13,518,395 votes Director election at May 21, 2026 annual meeting

Votes for Edward M. Straw 13,523,716 votes Director election at May 21, 2026 annual meeting

Votes for Cosmo Jiang 13,334,028 votes Director election at May 21, 2026 annual meeting

Auditor ratification votes for 28,738,836 votes Ratification of CBIZ CPAs P.C. for 2026

Votes for Michel Lee 13,483,333 votes Additional director election for one-year term

Votes for Sergio Mello 13,535,705 votes Additional director election for one-year term

Key Terms

broker non-votes, independent registered public accounting firm, audit committee, emerging growth company, +1 more

5 terms

broker non-votes financial

"Nominee | Votes For | Votes Withheld | Broker Non-Votes"

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.

independent registered public accounting firm financial

"ratified the appointment of CBIZ CPAs P.C. as the Company’s independent registered public accounting firm"

An independent registered public accounting firm is an outside accounting company officially registered with the government regulator to examine and report on a public company's financial records and controls. Investors treat its reports like an impartial inspector’s certificate — they add credibility to financial statements, help spot errors or misleading claims, and reduce the risk that shareholders are relying on unchecked or biased numbers.

audit committee financial

"the audit committee of the Board of Directors of the Company was reconstituted"

A company's audit committee is a small group of board members who act like independent inspectors for the firm's finances, overseeing how financial reports are prepared, monitoring internal controls, and managing the relationship with external auditors. Investors care because a strong audit committee reduces the risk of accounting errors, fraud, or misleading statements, making financial statements more trustworthy and helping protect shareholder value.

emerging growth company regulatory

"Emerging growth company"

An emerging growth company is a recently public or smaller public firm that qualifies for temporary, lighter regulatory and disclosure rules to reduce the cost and effort of being public. For investors, it means the company may provide less historical financial detail and face fewer reporting requirements than larger firms, so it can grow more quickly but also carries higher uncertainty—like buying a promising early-stage product with fewer user reviews.

Annual Meeting financial

"At the annual meeting of stockholders of the Solana Company (the “Company”) held on May 21, 2026 (the “Annual Meeting”)"

A company's annual meeting is a yearly gathering where owners (shareholders) and the board review performance, ask questions, and vote on key matters like electing directors, approving auditor choices, and sometimes setting pay or dividend policies. For investors it matters because decisions made and votes cast can change who runs the company, influence strategy and payouts, and affect the value or direction of their investment—similar to a homeowners’ meeting where rules and leaders that shape your property’s value are decided.

Understanding 8-K Material Events →

05/22/2026 - 05:16 PM

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): May 21, 2026

SOLANA COMPANY

(Exact name of registrant as specified in its charter)

-
Delaware	001-38445	36-4787690
(State or other jurisdiction of incorporation)	(Commission File Number)	(IRS Employer Identification No.)

642 Newtown Yardley Road, Suite 100 Newtown, PA		18940
(Address of principal executive offices)		(Zip Code)

Registrant’s telephone number, including area code: (215) 944-6100

N/A

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:


☐	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class

 

Trading

Symbol(s)

 

Name of each exchange on which registered

Class A Common Stock, $0.001 par value

HSDT

The Nasdaq Stock Market LLC

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 5.07 Submission of Matters to a Vote of Security Holders.

At the annual meeting of stockholders of the Solana Company (the “Company”) held on May 21, 2026 (the “Annual Meeting”), the Company’s stockholders: (i) elected four directors, each to serve for a one-year term until the 2027 annual meeting of stockholders or until his successor is duly elected and qualified or until his earlier death, resignation or removal; (ii) ratified the appointment of CBIZ CPAs P.C. as the Company’s independent registered public accounting firm for the year ending December 31, 2026; and (iii) elected two additional directors, each to serve for a one-year term until the 2027 annual meeting of stockholders or until his successor is duly elected and qualified or until his earlier death, resignation or removal.

Proposal 1: Election of four directors, each to serve for a one-year term until the 2027 annual meeting of stockholders or until his successor is duly elected and qualified or until his earlier death, resignation or removal.



Nominee	Votes For	Votes Withheld	Broker Non-Votes
Joseph Chee	13,416,280	374,326	15,063,041
Blane Walter	13,518,395	272,211	15,063,041
Edward M. Straw	13,523,716	266,890	15,063,041
Cosmo Jiang	13,334,028	456,578	15,063,041

Proposal 2: Ratification of the appointment of CBIZ CPAs P.C. as the Company’s independent registered public accounting firm for the year ending December 31, 2026:

Votes For

Votes Against

Abstain

Broker

Non-Votes

28,738,836

47,612

67,199

15,063,041

Proposal 3: Election of two additional directors, each to serve for a one-year term until the 2027 annual meeting of stockholders or until his successor is duly elected and qualified or until his earlier death, resignation or removal.



Nominee	Votes For	Votes Withheld	Broker Non-Votes
Michel Lee	13,483,333	307,273	15,063,041
Sergio Mello	13,535,705	254,901	15,063,041

Item 8.01Other Events.

Effective as of the Annual Meeting, the audit committee of the Board of Directors of the Company was reconstituted as follows: Blane Walter (Chair), Edward M. Straw and Michel Lee.

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.


	SOLANA COMPANY

Dated: May 22, 2026	By:	/s/ Agustina Gani Tjandrasuwita
		Agustina Gani Tjandrasuwita
		Chief Financial Officer, Chief Operating Officer, Treasurer and Secretary

Source: View Original Filing on SEC EDGAR

FAQ

What did Solana Company (HSDT) stockholders approve at the 2026 annual meeting?

Stockholders elected six directors to one-year terms and ratified CBIZ CPAs P.C. as auditor for 2026. The meeting shaped board composition and confirmed the independent accounting firm for financial reporting oversight.

How did Solana Company (HSDT) vote on the 2026 director slate?

Four primary director nominees received between 13,334,028 and 13,523,716 votes for, with 266,890 to 456,578 votes withheld. Each nominee also had 15,063,041 broker non-votes recorded in the election results.

Was CBIZ CPAs P.C. ratified as Solana Company (HSDT) auditor for 2026?

Yes. Stockholders cast 28,738,836 votes for ratifying CBIZ CPAs P.C., 47,612 votes against, and 67,199 abstentions, along with 15,063,041 broker non-votes. This confirms CBIZ CPAs P.C. as independent registered public accounting firm for 2026.

Who are the additional directors elected at Solana Company’s 2026 meeting?

Stockholders elected Michel Lee and Sergio Mello as additional directors, each to serve a one-year term until the 2027 annual meeting. They received 13,483,333 and 13,535,705 votes for, respectively, plus 15,063,041 broker non-votes each.

How was Solana Company’s audit committee reconstituted after the 2026 meeting?

Effective as of the annual meeting, the audit committee was reconstituted to include Blane Walter as Chair, along with Edward M. Straw and Michel Lee. This sets the membership overseeing financial reporting and audit-related matters.

Filing Exhibits & Attachments

3 documents