iPower Announces Results of 2022 Annual Meeting of Stockholders

Rhea-AI Summary

iPower Inc. (Nasdaq:IPW) held its Annual Meeting of Stockholders on February 23, 2022, where all proposals were unanimously approved. This included the election of five directors for a one-year term, ratification of its independent auditors, UHY, LLP, and approval of executive compensation. Additionally, stockholders approved the ability to determine the frequency of advisory votes on executive compensation. iPower is a leading online retailer of hydroponics equipment and accessories, serving a diverse customer base.

Positive

• All proposals at the Annual Meeting were approved by stockholders.
• Election of five directors for a term of one year enhances company governance.
• Ratification of independent auditors potentially strengthens financial oversight.

Negative

• None.

DUARTE, Calif., Feb. 24, 2022 (GLOBE NEWSWIRE) -- iPower Inc. (Nasdaq:IPW) (“iPower” or the “Company”), one of the leading online hydroponic equipment suppliers and retailers, held its Annual Meeting of Stockholders yesterday, February 23, 2022.

All Company proposals were approved by the Company’s stockholders, including: the election of five directors to serve for a term of one year; ratification of the Company’s independent auditors, UHY, LLP; approval of the Company’s executive compensation; and approval of the Company’s stockholder’s ability to determine the frequency of an advisory vote on the Company’s executive compensation.

About iPower Inc.

iPower Inc. is one of the leading online retailers and suppliers of hydroponics equipment and accessories. iPower offers thousands of stock keeping units from its in-house brands as well as hundreds of other brands through its website, www.zenhydro.com, and its online platform partners. iPower has a diverse customer base that includes both commercial businesses and individuals. For more information, please visit iPower's website at https://ir.meetipower.com/.

Investor Relations Contact

Sean Mansouri, CFA
Elevate IR
(720) 330-2829
IPW@elevate-ir.com

FAQ

What were the outcomes of iPower Inc.'s Annual Meeting on February 23, 2022?

All proposals were approved, including the election of five directors and ratification of independent auditors.

Who were elected as directors during the iPower stockholder meeting?

Five directors were elected to serve for a term of one year.

What is iPower Inc.'s stock symbol?

The stock symbol for iPower Inc. is IPW.

What is the role of UHY, LLP for iPower Inc.?

UHY, LLP was ratified as the independent auditors for iPower Inc.