STOCK TITAN

[6-K] SMX (Security Matters) Public Ltd Co Current Report (Foreign Issuer)

Filing Impact
(Low)
Filing Sentiment
(Neutral)
Form Type
6-K
Rhea-AI Filing Summary

SMX (Security Matters) Public Limited Company amended its 2022 Incentive Equity Plan, increasing the number of authorized Ordinary Shares under the plan from approximately 1,004,200 to 9,114,200. Relying on Nasdaq Rule 5615(a)(3) for foreign private issuers, the company approved this amendment without stockholder approval under home country corporate governance practices.

Following the amendment, SMX granted 6,160,000 restricted stock units and 1,950,000 stock options to executive officers, directors, and certain consultants, employees, and advisors. These equity awards represent potential future share issuance under the plan if awards vest or options are exercised in accordance with their terms.

SMX (Security Matters) Public Limited Company ha modificato il suo Piano di Azioni Incentivate del 2022, aumentando il numero di Azioni Ordinarie autorizzate dal piano da circa 1.004.200 a 9.114.200. Affidandosi al Nasdaq Rule 5615(a)(3) per emittenti esteri privi di mercati, la società ha approvato questa modifica senza l'approvazione degli azionisti secondo le pratiche di governance aziendale del paese di origine.

A seguito della modifica, SMX ha concesso 6.160.000 unità di azioni restritte e 1.950.000 stock option a funzionari esecutivi, membri del consiglio, nonché a determinati consulenti, dipendenti e consulenti. Questi premi in azioni rappresentano potenziali emissioni future di azioni ai sensi del piano se i premi maturano o le opzioni vengono esercitate in conformità ai loro termini.

SMX (Security Matters) Public Limited Company enmendó su Plan de Incentivos de 2022 de Acciones; aumentando el número de Acciones Ordinarias autorizadas bajo el plan de aproximadamente 1,004,200 a 9,114,200. Confiando en la Nasdaq Rule 5615(a)(3) para emisores extranjeros privados, la empresa aprobó esta enmienda sin la aprobación de los accionistas conforme a las prácticas de gobernanza corporativa del país de origen.

Tras la enmienda, SMX otorgó 6,160,000 unidades de acciones restringidas y 1,950,000 opciones sobre acciones a altos ejecutivos, directores y ciertos consultores, empleados y asesores. Estos premios de acciones representan potenciales emisiones futuras de acciones bajo el plan si los premios vencen o las opciones son ejercidas de acuerdo con sus términos.

SMX (Security Matters) Public Limited Company는 2022년 인센티브 주식계획을 수정하여 계획 아래 허용된 보통주 수를 약 1,004,200주에서 9,114,200주로 증가시켰습니다. 외국 비상장 발행기업용 Nasdaq Rule 5615(a)(3)을 의존하여, 본사는 모회사 본국의 기업지배구조 관행에 따라 주주총회 승인을 받지 않고 이 수정안을 승인했습니다.

수정 이후 SMX는 6,160,000주의 제한주식단위와 1,950,000주의 주식매수를 임원, 이사 및 일부 컨설턴트, 직원, 고문들에게 부여했습니다. 이 주식 보상은 시상이 실현되거나 옵션이 행사될 때 계획에 따른 미래의 주식 발행을 나타냅니다.

SMX (Security Matters) Public Limited Company a modifié son Plan d'Actions Incitatives 2022, en augmentant le nombre d'Actions Ordinaires autorisées au titre du plan d'environ 1 004 200 à 9 114 200. En se fondant sur Nasdaq Rule 5615(a)(3) pour les émetteurs étrangers privés, la société a approuvé cette modification sans l'approbation des actionnaires, conformément aux pratiques de gouvernance d'entreprise du pays d'origine.

Suite à la modification, SMX a accordé 6 160 000 unités d'actions restreintes et 1 950 000 options d'achat d'actions à des cadres dirigeants, administrateurs, et à certains consultants, employés et conseillers. Ces attributions d'actions représentent un potentiel d'émission future d'actions au titre du plan si les attributions se vestent ou si les options sont exercées conformément à leurs termes.

SMX (Security Matters) Public Limited Company hat seinen Incentive-Aktienplan 2022 geändert und die Anzahl der genehmigten Stammaktien unter dem Plan von etwa 1.004.200 auf 9.114.200 erhöht. Unter Berufung auf Nasdaq Rule 5615(a)(3) für foreign private issuers hat das Unternehmen diese Änderung ohne Zustimmung der Aktionäre gemäß den Governance-Praktiken des Heimatlandes genehmigt.

Nach der Änderung hat SMX 6.160.000 Restricted-Stock-Einheiten und 1.950.000 Aktienoptionen an Führungskräfte, Direktoren sowie an bestimmte Berater, Mitarbeiter und Berater gewährt. Diese Aktienzuteilungen stellen potenzielle zukünftige Aktienausgaben unter dem Plan dar, falls Gewährungen vesten oder Optionen gemäß ihren Bedingungen ausgeübt werden.

SMX (Security Matters) Public Limited Company عدّلت خطّة الأسهم التحفيزية لعام 2022، بزيادة عدد الأسهم العادية المسموح بها بموجب الخطة من نحو 1,004,200 إلى 9,114,200. بالاعتماد على قاعدة ناسداك 5615(a)(3) للجهات المصدرة الأجنبية الخاصة، وافقت الشركة على هذا التعديل دون موافقة المساهمين وفقًا لممارسات الحوكمة المؤسسية لبلدها الأم.

بدورها، منحت SMX 6,160,000 وحدة أسهم مقيدة و1,950,000 خيار أسهم لمديرين تنفيذيين، أعضاء مجلس الإدارة، وبعض المستشارين والموظفين والمستشارين. تمثل هذه الجوائز أسهمًا محتملة ستصدر في المستقبل بموجب الخطة إذا أصبحت الجوائز مستحقة أو إذا تم ممارسة الخيارات وفقًا لشروطها.

Positive
  • None.
Negative
  • None.

Insights

Large plan increase and sizable awards; dilution depends on vesting and exercises.

SMX expanded its incentive plan authorization to 9,114,200 shares and issued 6,160,000 RSUs plus 1,950,000 options. This aligns long‑term incentives across executives, directors, and broader personnel, using home country practices permitted by Nasdaq Rule 5615(a)(3).

Mechanically, RSUs settle in shares upon vesting and options can add shares upon exercise, so the grants can increase the share count over time. Actual impact varies with award vesting, forfeitures, and option exercise behavior.

The filing does not specify vesting schedules, exercise prices, or service/performance conditions. Future disclosures in company filings may specify these terms and any subsequent issuances from the enlarged plan.

SMX (Security Matters) Public Limited Company ha modificato il suo Piano di Azioni Incentivate del 2022, aumentando il numero di Azioni Ordinarie autorizzate dal piano da circa 1.004.200 a 9.114.200. Affidandosi al Nasdaq Rule 5615(a)(3) per emittenti esteri privi di mercati, la società ha approvato questa modifica senza l'approvazione degli azionisti secondo le pratiche di governance aziendale del paese di origine.

A seguito della modifica, SMX ha concesso 6.160.000 unità di azioni restritte e 1.950.000 stock option a funzionari esecutivi, membri del consiglio, nonché a determinati consulenti, dipendenti e consulenti. Questi premi in azioni rappresentano potenziali emissioni future di azioni ai sensi del piano se i premi maturano o le opzioni vengono esercitate in conformità ai loro termini.

SMX (Security Matters) Public Limited Company enmendó su Plan de Incentivos de 2022 de Acciones; aumentando el número de Acciones Ordinarias autorizadas bajo el plan de aproximadamente 1,004,200 a 9,114,200. Confiando en la Nasdaq Rule 5615(a)(3) para emisores extranjeros privados, la empresa aprobó esta enmienda sin la aprobación de los accionistas conforme a las prácticas de gobernanza corporativa del país de origen.

Tras la enmienda, SMX otorgó 6,160,000 unidades de acciones restringidas y 1,950,000 opciones sobre acciones a altos ejecutivos, directores y ciertos consultores, empleados y asesores. Estos premios de acciones representan potenciales emisiones futuras de acciones bajo el plan si los premios vencen o las opciones son ejercidas de acuerdo con sus términos.

SMX (Security Matters) Public Limited Company는 2022년 인센티브 주식계획을 수정하여 계획 아래 허용된 보통주 수를 약 1,004,200주에서 9,114,200주로 증가시켰습니다. 외국 비상장 발행기업용 Nasdaq Rule 5615(a)(3)을 의존하여, 본사는 모회사 본국의 기업지배구조 관행에 따라 주주총회 승인을 받지 않고 이 수정안을 승인했습니다.

수정 이후 SMX는 6,160,000주의 제한주식단위와 1,950,000주의 주식매수를 임원, 이사 및 일부 컨설턴트, 직원, 고문들에게 부여했습니다. 이 주식 보상은 시상이 실현되거나 옵션이 행사될 때 계획에 따른 미래의 주식 발행을 나타냅니다.

SMX (Security Matters) Public Limited Company a modifié son Plan d'Actions Incitatives 2022, en augmentant le nombre d'Actions Ordinaires autorisées au titre du plan d'environ 1 004 200 à 9 114 200. En se fondant sur Nasdaq Rule 5615(a)(3) pour les émetteurs étrangers privés, la société a approuvé cette modification sans l'approbation des actionnaires, conformément aux pratiques de gouvernance d'entreprise du pays d'origine.

Suite à la modification, SMX a accordé 6 160 000 unités d'actions restreintes et 1 950 000 options d'achat d'actions à des cadres dirigeants, administrateurs, et à certains consultants, employés et conseillers. Ces attributions d'actions représentent un potentiel d'émission future d'actions au titre du plan si les attributions se vestent ou si les options sont exercées conformément à leurs termes.

SMX (Security Matters) Public Limited Company hat seinen Incentive-Aktienplan 2022 geändert und die Anzahl der genehmigten Stammaktien unter dem Plan von etwa 1.004.200 auf 9.114.200 erhöht. Unter Berufung auf Nasdaq Rule 5615(a)(3) für foreign private issuers hat das Unternehmen diese Änderung ohne Zustimmung der Aktionäre gemäß den Governance-Praktiken des Heimatlandes genehmigt.

Nach der Änderung hat SMX 6.160.000 Restricted-Stock-Einheiten und 1.950.000 Aktienoptionen an Führungskräfte, Direktoren sowie an bestimmte Berater, Mitarbeiter und Berater gewährt. Diese Aktienzuteilungen stellen potenzielle zukünftige Aktienausgaben unter dem Plan dar, falls Gewährungen vesten oder Optionen gemäß ihren Bedingungen ausgeübt werden.

SMX (Security Matters) Public Limited Company عدّلت خطّة الأسهم التحفيزية لعام 2022، بزيادة عدد الأسهم العادية المسموح بها بموجب الخطة من نحو 1,004,200 إلى 9,114,200. بالاعتماد على قاعدة ناسداك 5615(a)(3) للجهات المصدرة الأجنبية الخاصة، وافقت الشركة على هذا التعديل دون موافقة المساهمين وفقًا لممارسات الحوكمة المؤسسية لبلدها الأم.

بدورها، منحت SMX 6,160,000 وحدة أسهم مقيدة و1,950,000 خيار أسهم لمديرين تنفيذيين، أعضاء مجلس الإدارة، وبعض المستشارين والموظفين والمستشارين. تمثل هذه الجوائز أسهمًا محتملة ستصدر في المستقبل بموجب الخطة إذا أصبحت الجوائز مستحقة أو إذا تم ممارسة الخيارات وفقًا لشروطها.

 

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

 

FORM 6-K

 

 

 

REPORT OF FOREIGN PRIVATE ISSUER

PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE

SECURITIES EXCHANGE ACT OF 1934

 

For the month of October 2025

 

Commission File Number: 001-41639

 

SMX (SECURITY MATTERS) PUBLIC LIMITED COMPANY

(Exact Name of Registrant as Specified in Charter)

 

Mespil Business Centre, Mespil House

Sussex Road, Dublin 4, Ireland

Tel: +353-1-920-1000

(Address of Principal Executive Offices) (Zip Code)

 

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F. Form 20-F ☒ Form 40-F ☐

 

 

 

 

 

 

SMX (Security Matters) Public Limited Company (the “Company”) further amended its 2022 Incentive Equity Plan, as amended (the “Incentive Plan”), to increase the number of authorized Ordinary Shares under the Incentive Plan from approximately 1,004,200 to 9,114,200 (the “Amendment”). As a Foreign Private Issuer, Nasdaq Rule 5615(a)(3) allows the Company to rely on home country corporate governance practices in lieu of certain of the rules in the Nasdaq Rule 5600 Series and Rule 5250(d) and, accordingly, the Company so elected to approve the Amendment without stockholder approval. Thereafter, the Company granted an aggregate of 6,160,000 restricted stock units and 1,950,000 stock options to its executive officers and directors, and to certain consultants, employees and advisors to the Company.

 

 

 

 

SIGNATURES

 

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 thereunto duly authorized.

 

Date: October 30, 2025

 

  SMX (SECURITY MATTERS) PUBLIC LIMITED COMPANY
   
  By: /s/ Haggai Alon
  Name: Haggai Alon
  Title: Chief Executive Officer

 

 

 

 

FAQ

What did SMX (SMX) change in its equity plan?

The company increased authorized Ordinary Shares under its 2022 Incentive Equity Plan from approximately 1,004,200 to 9,114,200.

How many RSUs and options did SMX grant after the amendment?

SMX granted 6,160,000 restricted stock units and 1,950,000 stock options.

Who received the new SMX equity awards?

Awards were granted to executive officers, directors, and certain consultants, employees, and advisors.

Did SMX seek shareholder approval for the plan increase?

No. As a Foreign Private Issuer, SMX relied on Nasdaq Rule 5615(a)(3) to use home country practices and approved it without a stockholder vote.

What is the potential impact of the RSUs and options?

They represent potential future share issuance if RSUs vest and options are exercised according to their terms.

Which filing reported these changes for SMX?

These actions were reported in a Form 6-K.
SMX

NASDAQ:SMX

SMX Rankings

SMX Latest News

SMX Latest SEC Filings

SMX Stock Data

3.46M
1.16M
5.01%
22.47%
Specialty Business Services
Industrials
Link
Ireland
Dublin