Stereotaxis (NYSE: STXS) holders back board, auditor and executive pay
Filing Impact
Filing Sentiment
Form Type
8-K
Rhea-AI Filing Summary
Stereotaxis, Inc. reported the results of its May 14, 2026 Annual Meeting of Shareholders. A total of 97,477,538 common shares were entitled to vote, and Series A Convertible Preferred Stock carried 23,705,445 votes on an as-converted basis, for 121,182,983 total voting power. Quorum was achieved with 79,183,920 votes represented, about 65.34% of voting power.
Shareholders elected three Class I directors to serve until the 2029 annual meeting. David Benfer, Arun Menawat, and Myriam Curet each received between 49,544,105 and 52,711,903 votes for, with relatively low opposition. Shareholders also ratified Ernst & Young LLP as independent auditor for fiscal 2026 by 79,036,638 votes for versus 112,633 against and approved, on a non-binding basis, executive compensation with 52,143,334 votes for and 985,434 against.
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
Common shares entitled to vote: 97,477,538 shares
Series A preferred voting power: 23,705,445 votes
Total voting power: 121,182,983 votes
+4 more
7 metrics
Common shares entitled to vote
97,477,538 shares
Outstanding and entitled to vote at May 14, 2026 meeting
Series A preferred voting power
23,705,445 votes
As-converted votes from Series A Convertible Preferred Stock
Total voting power
121,182,983 votes
Combined common and Series A voting power at meeting
Votes represented (quorum)
79,183,920 votes
Approximately 65.34% of outstanding voting power present
Auditor ratification votes for
79,036,638 votes
For ratifying Ernst & Young LLP for fiscal 2026
Say-on-pay votes for
52,143,334 votes
For approving executive compensation on advisory basis
Director support range
49,544,105–52,711,903 votes for
Votes for three Class I director nominees
Key Terms
Annual Meeting of Shareholders, quorum, broker non-votes, non-binding vote, +1 more
5 terms
quorum regulatory
"At the Annual Meeting, 79,183,920 votes were represented, constituting approximately 65.34% of the outstanding voting power and 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.
broker non-votes regulatory
"Dr. Myriam Curet ... 22,582 ... 25,581,057 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.
non-binding vote regulatory
"A proposal to approve, by non-binding vote, executive compensation."
independent registered public accounting firm financial
"A proposal to ratify the appointment of Ernst & Young LLP as the Company’s independent registered public accounting firm for fiscal year 2026;"
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.
FAQ
What was the total voting power at Stereotaxis (STXS) 2026 annual meeting?
Total voting power at the Stereotaxis 2026 annual meeting was 121,182,983 votes. This combined 97,477,538 common shares entitled to vote and 23,705,445 votes from Series A Convertible Preferred Stock on an as-converted basis, defining the full pool of possible shareholder votes.
Which directors were elected at Stereotaxis (STXS) 2026 annual meeting?
Shareholders elected three Class I directors: David Benfer, Arun Menawat, and Myriam Curet. Each nominee received strong support, with votes for ranging from 49,544,105 to 52,711,903, and relatively low votes against, ensuring their terms extend until the 2029 annual meeting.