0001124796-26-000032
SEC filingnLIGHT stockholders did not approve executive compensation in a non-binding advisory vote at the 2026 annual meeting, while electing a director and ratifying the auditor.
The failed advisory vote on executive compensation is the most notable outcome, with a majority of votes cast against the say-on-pay proposal. This likely reflects shareholder concerns regarding pay-for-performance alignment or overall compensation levels. While the vote is non-binding, it may prompt board engagement with shareholders. Director Geoffrey Moore received a significant number of withheld votes (about 44% of votes cast excluding broker non-votes), indicating some shareholder opposition. The ratification of KPMG as auditor passed overwhelmingly.