Snail (NASDAQ: SNAL) holders back all directors and approve BDO for 2026
Filing Impact
Filing Sentiment
Form Type
8-K
Rhea-AI Filing Summary
Snail, Inc. held its 2026 Annual Meeting of Stockholders, where all eight director nominees were elected and the independent auditor was ratified. Stockholders representing 291,710,391 votes, or 96.8% of total voting power, were present or represented by proxy, providing a strong quorum.
Each director nominee received over 287.9 million votes in favor, with minimal votes withheld and 3,622,465 broker non-votes for each seat. Stockholders also ratified the appointment of BDO USA, P.C. as independent registered public accounting firm for the fiscal 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 outstanding: 13,873,422 shares
Class B shares outstanding: 28,748,580 shares
Votes represented at meeting: 291,710,391 votes
+5 more
8 metrics
Class A shares outstanding
13,873,422 shares
Class A Common Stock outstanding as of April 15, 2025 record date
Class B shares outstanding
28,748,580 shares
Class B Common Stock outstanding as of April 15, 2025 record date
Votes represented at meeting
291,710,391 votes
Votes present or represented by proxy at Annual Meeting; 96.8% of voting power
Quorum voting power
96.8%
Portion of total voting power represented at the Annual Meeting
Votes for Hai Shi
288,004,441 votes
Director election votes for nominee Hai Shi
Auditor ratification votes for
291,440,661 votes
Votes in favor of BDO USA, P.C. as auditor for fiscal year ending December 31, 2026
Auditor ratification votes against
204,581 votes
Votes against BDO USA, P.C. ratification
Auditor ratification abstentions
65,149 votes
Abstentions on ratification of BDO USA, P.C.
Key Terms
Class A common stock, Class B common stock, broker non-votes, independent registered public accounting firm, +1 more
5 terms
Class A common stock financial
"there were 13,873,422 shares of the Company’s Class A common stock, par value $0.0001 per share"
Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.
Class B common stock financial
"and 28,748,580 shares of the Company’s Class B common stock, par value $0.0001 per share"
A class B common stock is one of multiple types of a company’s ordinary shares that carries specific rights—often different voting power or dividend priority—compared with other classes. For investors it matters because those differences affect how much influence you have over company decisions, the income you might receive, and how freely the shares trade; think of it like owning a car with different keys: some keys let you start the engine and open the trunk, others only unlock the door.
broker non-votes financial
"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 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 did Snail (SNAL) stockholders approve at the 2026 Annual Meeting?
Snail stockholders elected eight directors and ratified BDO USA, P.C. as auditor. All director nominees received over 287.9 million votes for, and the auditor ratification received 291,440,661 votes for with very few votes against or abstaining.
How strong was stockholder participation at Snail (SNAL)’s 2026 Annual Meeting?
Participation was high, with holders of 291,710,391 votes present or represented by proxy. This represented 96.8% of the total voting power of Snail’s outstanding securities generally entitled to vote as of the record date, easily satisfying quorum requirements.
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 fiscal year ending December 31, 2026. The proposal received 291,440,661 votes for, 204,581 votes against, and 65,149 abstentions, indicating broad stockholder support.
How many director nominees were elected to Snail (SNAL)’s board?
Eight nominees were elected to Snail’s Board of Directors to serve until the next annual meeting and until successors are duly elected and qualified. Each nominee, including Hai Shi and Jim Tsai, received over 287.9 million votes for, with minimal votes withheld.