Beneficient stockholders at the 2026 Annual Meeting reelected three Class A directors, ratified the auditor, and approved an amendment to the 2023 Long Term Incentive Plan increasing shares reserved for awards.
Key takeaways
Stockholders reelected Peter T. Cangany, Patrick J. Donegan, and Karen J. Wendel as Class A directors.
Ratified Weaver and Tidwell, LLP as independent auditor for fiscal year ending March 31, 2026.
Approved LTIP Amendment increasing shares reserved to 1,000,000 plus 15% of outstanding shares, effective March 27, 2026.
LTIP includes automatic quarterly adjustment to lesser of 200,000,000 shares or 1,000,000 plus 15% outstanding.
91.7% of voting power present at meeting with 13,261,279 Class A and 2,066 Class B shares.