urban-gro adjourns special meeting for lack of quorum
urban-gro, Inc. held a Special Meeting of Stockholders on June 3, 2026 but was unable to conduct any business because a quorum was not reached.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Form Type
8-K
Rhea-AI Filing Summary
urban-gro, Inc. held a Special Meeting of Stockholders on June 3, 2026 but was unable to conduct any business because a quorum was not reached. Under its bylaws, the company adjourned the Special Meeting to June 12, 2026 at 10:00 AM EST.
The record date for stockholders entitled to vote remains May 6, 2026, and previously submitted valid proxies will continue to apply unless changed or revoked before votes are taken. The company will keep delivering proxy materials and soliciting votes ahead of the reconvened meeting.
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
Original meeting date: June 3, 2026
Adjourned meeting date: June 12, 2026
Record date: May 6, 2026
3 metrics
Original meeting date
June 3, 2026
Initial Special Meeting of Stockholders did not reach quorum
Adjourned meeting date
June 12, 2026
New date and time 10:00 AM EST for reconvened meeting
Record date
May 6, 2026
Determines stockholders entitled to vote at adjourned meeting
Key Terms
quorum, record date, proxy materials, definitive proxy statement, +1 more
5 terms
quorum regulatory
"However, the Company did not achieve a quorum and therefore was unable to transact business"
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.
record date regulatory
"The record date for the determination of stockholders of the Company entitled to vote at the adjourned Special Meeting remains the close of business on May 6, 2026."
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.
proxy materials regulatory
"the Company expects the original proxy materials to continue to be delivered to stockholders"
Proxy materials are the packet of documents sent to shareholders that explain items to be voted on at a company meeting and include the actual ballot or instructions for casting a vote. Think of them as a voting packet that lays out who’s running the company, major proposals (like pay, mergers, or board changes), and arguments for and against each item. Investors care because those votes shape corporate direction, affect risk and future profits, and can influence share value.
definitive proxy statement regulatory
"in the same manner as disclosed in the definitive proxy statement the Company filed with the Securities and Exchange Commission on May 14, 2026."
A Definitive Proxy Statement is a detailed document that a company sends to its shareholders before a big meeting, like voting on important decisions. It explains what's being voted on and gives important information so shareholders can make informed choices. It matters because it helps shareholders understand and participate in key company decisions.
adjourned Special Meeting regulatory
"Accordingly, the Special Meeting was adjourned to June 12, 2026, at 10:00 AM EST."
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did urban-gro (UGRO) announce about its June 3, 2026 Special Meeting?
urban-gro reported that its June 3, 2026 Special Meeting of Stockholders did not reach a quorum. As a result, no business was conducted and the meeting was formally adjourned in accordance with the company’s bylaws.
When is the adjourned urban-gro (UGRO) Special Meeting now scheduled?
The adjourned urban-gro Special Meeting is scheduled for June 12, 2026 at 10:00 AM EST. Stockholders will be able to participate and vote as described in the definitive proxy statement filed on May 14, 2026.
Does the record date change for urban-gro’s adjourned Special Meeting?
The record date does not change. Stockholders of urban-gro who were of record at the close of business on May 6, 2026 remain entitled to vote at the adjourned Special Meeting on June 12, 2026.
Are previously submitted proxies still valid for urban-gro (UGRO)?
Yes. Valid proxies submitted before the reconvened Special Meeting will continue to be valid for the June 12, 2026 meeting, unless they are properly changed or revoked before votes are taken at that reconvened session.
Will urban-gro (UGRO) continue soliciting votes before the adjourned meeting?
urban-gro expects its original proxy materials to keep being delivered to stockholders who have not yet received them. The company will continue to solicit proxies and votes ahead of the adjourned Special Meeting on June 12, 2026.
AI-generated analysis. How Rhea-AI works. Not financial advice.
Accepted by SEC EDGAR
Learn about SEC filing dates