American Outdoor Brands Announces Postponement of 2024 Annual Meeting
American Outdoor Brands (NASDAQ: AOUT) has announced the postponement of its 2024 Annual Meeting of Stockholders. The delay is to allow the company to file a revised proxy statement that will include a binding proposal to eliminate supermajority voting requirements for amendments to its certificate of incorporation and bylaws. This decision comes after considering the vote at the 2023 Annual Meeting on a non-binding stockholder proposal to eliminate these requirements, as well as additional stockholder feedback.
The company emphasizes its commitment to strong corporate governance practices, citing its voluntary declassification of the Board of Directors in 2021 and a previous attempt to eliminate supermajority voting requirements in 2022. American Outdoor Brands plans to file the revised proxy statement in the coming weeks, and all previously submitted proxies and votes will be disregarded. Stockholders are advised to review the revised proxy statement once available and vote on the new proxy card.
American Outdoor Brands (NASDAQ: AOUT) ha annunciato il rinvio della sua Riunione Annuale degli Azionisti del 2024. Il ritardo è necessario per permettere all'azienda di presentare una dichiarazione di delega revisionata che includerà una proposta vincolante per eliminare i requisiti di voto supermagoritari per le modifiche al proprio certificato di incorporazione e allo statuto. Questa decisione è stata presa dopo aver preso in considerazione il voto alla Riunione Annuale del 2023 su una proposta non vincolante degli azionisti per eliminare tali requisiti, oltre a ulteriori feedback dagli azionisti.
L'azienda sottolinea il suo impegno per pratiche di governance aziendale solide, citando la sua declassificazione volontaria del Consiglio di Amministrazione nel 2021 e un precedente tentativo di eliminare i requisiti di voto supermagoritari nel 2022. American Outdoor Brands prevede di presentare la dichiarazione di delega revisionata nelle prossime settimane, e tutte le deleghe e i voti precedentemente inviati saranno ignorati. Gli azionisti sono invitati a esaminare la dichiarazione di delega revisionata non appena sarà disponibile e a votare sulla nuova scheda di delega.
American Outdoor Brands (NASDAQ: AOUT) ha anunciado el aplazamiento de su Reunión Anual de Accionistas de 2024. Este retraso es para permitir que la empresa presente una declaración de poder revisada que incluirá una propuesta vinculante para eliminar los requisitos de voto supermayoritario para enmiendas a su certificado de incorporación y a los estatutos. Esta decisión se tomó después de considerar la votación en la Reunión Anual de 2023 sobre una propuesta no vinculante de los accionistas para eliminar esos requisitos, así como el feedback adicional de los accionistas.
La empresa enfatiza su compromiso con prácticas sólidas de gobernanza corporativa, citando su desclasificación voluntaria de la Junta Directiva en 2021 y un intento previo de eliminar los requisitos de voto supermayoritario en 2022. American Outdoor Brands planea presentar la declaración de poder revisada en las próximas semanas, y todos los poderes y votos enviados anteriormente serán desestimados. Se aconseja a los accionistas que revisen la declaración de poder revisada una vez que esté disponible y que voten en la nueva tarjeta de poder.
American Outdoor Brands (NASDAQ: AOUT)가 2024년 주주 연례 회의 연기 소식을 전했습니다. 이번 지연은 회사가 정관 및 내부 규정 개정의 슈퍼 다수결 투표 요건을 제거하는 구속력 있는 제안을 포함한 수정된 위임장 성명을 제출할 수 있도록 하기 위함입니다. 이 결정은 2023년 연례 회의에서 이러한 요건을 제거하자는 비구속적인 주주 제안에 대한 투표와 추가 주주 피드백을 고려한 결과입니다.
회사는 2021년 이사회 자발적 비분류 실시 및 2022년 슈퍼 다수결 투표 요건을 제거하려는 이전의 시도를 언급하며 강력한 기업 거버넌스 관행에 대한 약속을 강조하고 있습니다. American Outdoor Brands는 향후 몇 주 내에 수정된 위임장 성명을 제출할 예정이며, 이전에 제출된 위임장 및 투표는 무시됩니다. 주주들은 수정된 위임장 성명이 제공되면 이를 검토하고 새 위임장 카드에 대해 투표할 것을 권장합니다.
American Outdoor Brands (NASDAQ: AOUT) a annoncé le report de sa Réunion Annuelle des Actionnaires de 2024. Ce délai est prévu pour permettre à l'entreprise de soumettre une déclaration de procuration modifiée qui inclura une proposition contraignante visant à éliminer les exigences de vote supermajoritaire pour les modifications de son certificat d'incorporation et de ses statuts. Cette décision fait suite à la prise en compte du vote lors de la Réunion Annuelle de 2023 concernant une proposition non contraignante des actionnaires visant à supprimer ces exigences, ainsi qu'à un retour d'informations supplémentaire de la part des actionnaires.
L'entreprise souligne son engagement envers des pratiques solides de gouvernance d'entreprise, évoquant sa déclassification volontaire du Conseil d'Administration en 2021 et une tentative précédente d'éliminer les exigences de vote supermajoritaire en 2022. American Outdoor Brands prévoit de soumettre la déclaration de procuration modifiée dans les semaines à venir, et tous les mandats et votes précédemment soumis seront ignorés. Les actionnaires sont invités à examiner la déclaration de procuration révisée dès qu'elle sera disponible et à voter sur la nouvelle carte de procuration.
American Outdoor Brands (NASDAQ: AOUT) hat die Verschiebung seiner Jahresversammlung der Aktionäre 2024 angekündigt. Die Verzögerung dient dazu, dem Unternehmen die Einreichung einer überarbeiteten Proxy-Erklärung zu ermöglichen, die einen verbindlichen Vorschlag zur Abschaffung der Supermehrheitsvotierungsanforderungen für Änderungen an seiner Satzung und den Statuten enthalten wird. Diese Entscheidung folgt auf die Überlegung des Abstimmungsergebnisses bei der Jahresversammlung 2023 zu einem nicht verbindlichen Aktionärs Vorschlag zur Abschaffung dieser Anforderungen sowie auf zusätzliches Feedback von Aktionären.
Das Unternehmen betont sein Engagement für starke Corporate Governance-Praktiken und verweist auf die freiwillige Abklassifizierung des Vorstands im Jahr 2021 sowie einen früheren Versuch, die Supermehrheitsvotierungsanforderungen im Jahr 2022 abzuschaffen. American Outdoor Brands plant, die überarbeitete Proxy-Erklärung in den kommenden Wochen einzureichen, und alle zuvor eingereichten Proxys und Stimmen werden ignoriert. Aktionäre werden aufgefordert, die überarbeitete Proxy-Erklärung zu überprüfen, sobald sie verfügbar ist, und über die neue Proxy-Karte abzustimmen.
- Company demonstrates responsiveness to stockholder feedback
- Proposal aims to improve corporate governance by eliminating supermajority voting requirements
- Previous voluntary declassification of Board of Directors in 2021 shows commitment to governance improvements
- Postponement of Annual Meeting may cause delays in important corporate decisions
- Previous attempt to eliminate supermajority voting requirements in 2022 failed to receive requisite stockholder approval
Revised Proxy Statement Will Include Proposal to Eliminate Supermajority Voting Requirements
Company Reinforces Commitment to Strong Corporate Governance Practices
The Company issued the following statement:
"The Company values constructive feedback from stockholders and welcomes their input. It is also committed to strong corporate governance practices as indicated by its voluntary declassification of the Board of Directors in 2021 and the submission to stockholders of a binding proposal to eliminate the supermajority voting requirements in its certificate of incorporation in 2022, which proposal did not receive the requisite stockholder vote for approval. After careful consideration of the vote at the 2023 Annual Meeting on the non-binding stockholder proposal to eliminate the supermajority voting requirements from our certificate of incorporation, the disclosure contained in the proxy statement for that meeting, and additional stockholder feedback, the Company has decided to file a revised proxy statement for its 2024 Annual Meeting to include a binding proposal to eliminate this supermajority voting requirement so that stockholders can once again decide whether they would like to eliminate these requirements."
The Company intends to file a revised proxy statement in the coming weeks. All proxies previously submitted by stockholders and any votes previously cast for the proposals at the 2024 Annual Meeting of Stockholders will be disregarded. Stockholders are encouraged to review the revised proxy statement and vote on the revised proxy card once they become available. No stockholder action is requested at this time.
About American Outdoor Brands, Inc.
American Outdoor Brands, Inc. (NASDAQ Global Select: AOUT) is an innovation company that provides product solutions for outdoor enthusiasts, including hunting, fishing, camping, shooting, outdoor cooking, and personal security and personal defense products. The Company produces innovative, high quality products under brands including BOG®; BUBBA®; Caldwell®; Crimson Trace®; Frankford Arsenal®; Grilla Grills®; Hooyman®; Imperial®; LaserLyte®; Lockdown®; MEAT!™; Old Timer®; Schrade®; Tipton®; Uncle Henry®; ust®; and Wheeler®. For more information about all the brands and products from American Outdoor Brands, Inc., visit aob.com.
Contact:
Liz Sharp, VP, Investor Relations
lsharp@aob.com
(573) 303-4620
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SOURCE American Outdoor Brands, Inc.
FAQ
Why is American Outdoor Brands (AOUT) postponing its 2024 Annual Meeting?
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