Snail (NASDAQ: SNAL) reports 2026 meeting director elections and auditor vote
Filing Impact
Filing Sentiment
Form Type
8-K/A
Rhea-AI Filing Summary
Snail, Inc. filed an amended current report to correct dates and present final voting results from its 2026 Annual Meeting of Stockholders. The company uses a dual‑class structure, with Class A common stock carrying one vote per share and Class B common stock carrying ten votes per share.
As of the April 15, 2026 record date, 13,873,422 Class A shares and 28,748,580 Class B shares were outstanding and entitled to vote. Holders representing 291,710,391 votes, or 96.8% of total voting power, were present or represented by proxy, establishing a quorum.
Stockholders elected eight directors, including Hai Shi and Jim Tsai, each receiving about 288 million votes for and minimal withheld votes, with broker non‑votes reported for each nominee. They also ratified BDO USA, P.C. as independent registered public accounting firm for the year ending December 31, 2026, with 291,440,661 votes for, 204,581 against, and 65,149 abstentions.
Positive
- None.
Negative
- None.
8-K Event Classification
Item 5.07 — Submission of Matters to a Vote of Security Holders
1 item
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.
Key Figures
Class A shares entitled to vote: 13,873,422 shares
Class B shares entitled to vote: 28,748,580 shares
Total votes represented: 291,710,391 votes
+5 more
8 metrics
Class A shares entitled to vote
13,873,422 shares
Class A common stock as of April 15, 2026 record date
Class B shares entitled to vote
28,748,580 shares
Class B common stock as of April 15, 2026 record date
Total votes represented
291,710,391 votes
Votes present or by proxy at 2026 Annual Meeting
Voting power represented
96.8%
Percentage of total voting power at 2026 Annual Meeting
Votes for auditor ratification
291,440,661 votes
For BDO USA, P.C. as 2026 independent auditor
Votes against auditor ratification
204,581 votes
Against BDO USA, P.C. for fiscal year 2026
Abstentions on auditor ratification
65,149 votes
Abstaining on BDO USA, P.C. ratification
Votes for Hai Shi
288,004,441 votes
Director election at 2026 Annual Meeting
Key Terms
Annual Meeting of Stockholders, record date, broker non-votes, independent registered public accounting firm, +1 more
5 terms
Annual Meeting of Stockholders financial
"On May 27, 2026, Snail, Inc. held its 2026 Annual Meeting of Stockholders"
record date financial
"As of April 15, 2026, the record date for the Annual Meeting"
The record date is the specific day when a company determines which shareholders are eligible to receive a dividend or participate in an upcoming vote. It’s like a cutoff date; if you own the stock on that day, you get the benefits or voting rights. This date matters because it decides who qualifies for certain company benefits.
broker non-votes financial
"based on the following votes ... 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 BDO USA, 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.
quorum financial
"were present or represented by proxy, constituting a quorum"
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.
FAQ
What is the purpose of Snail (SNAL) this 8-K/A filing?
Snail, Inc. filed this amended report to correct date typos and restate final vote results from its 2026 Annual Meeting. It confirms director elections and the auditor ratification exactly as approved by stockholders at the meeting.
What voting power was represented at Snail’s 2026 Annual Meeting?
Holders representing 291,710,391 votes were present or represented by proxy at the 2026 Annual Meeting, equal to 96.8% of the total voting power. This high participation confirmed a valid quorum for conducting official stockholder business.
Were all Snail (SNAL) director nominees elected at the 2026 meeting?
All eight director nominees, including Hai Shi and Jim Tsai, were elected to the board. Each received about 288 million votes for and relatively few votes withheld, with broker non‑votes reported but not affecting the election outcomes.
Which auditor did Snail (SNAL) stockholders ratify for fiscal 2026?
Stockholders ratified BDO USA, P.C. as Snail’s independent registered public accounting firm for the year ending December 31, 2026. The ratification received 291,440,661 votes for, 204,581 against, and 65,149 abstentions, indicating strong stockholder support.