Neonode Announces Adjournment of Annual Meeting of Stockholders

Rhea-AI Summary

Neonode Inc. (NASDAQ: NEON) announced the adjournment of its 2022 Annual Meeting of Stockholders, originally scheduled for July 8, 2022, due to a lack of quorum. The meeting will reconvene on July 15, 2022, at 3:00 p.m. local time at the company's office in Stockholm. The record date for voting remains April 19, 2022, and previously submitted proxies will be honored. The Board of Directors encourages stockholders to vote 'FOR' all proposals outlined in the proxy statement filed on April 26, 2022.

Positive

• Board of Directors unanimously recommends stockholders vote 'FOR' all proposals.

Negative

• Annual Meeting adjourned due to lack of quorum, indicating potential shareholder disengagement.

STOCKHOLM, July 8, 2022 /PRNewswire/ -- Neonode Inc. (NASDAQ: NEON), announced today that its 2022 Annual Meeting of Stockholders (the "Annual Meeting"), which was reconvened to July 8, 2022, was called to order and again adjourned without any business being conducted due to a lack of the required quorum.

The Annual Meeting will reconvene on July 15, 2022 at 3:00 p.m. local time at Neonode's principal executive office located at Karlavägen 100, 115 26 Stockholm, Sweden to provide its stockholders additional time to vote on the proposals described in the proxy statement filed with the Securities and Exchange Commission on April 26, 2022. No changes have been made in the proposals to be voted on by stockholders at the Annual Meeting.

The record date for determining stockholder eligibility to vote at the Annual Meeting will remain the close of business on April 19, 2022. Proxies previously submitted will be voted at the Annual Meeting unless properly revoked, and stockholders who have already submitted a proxy or otherwise voted need not take any action. 

Neonode's Board of Directors unanimously recommends that stockholders vote "FOR" all proposals and encourages all stockholders who have not already voted to do so immediately.

For more information or questions, please contact:
 

CONTACT:

Investor Relations
Fredrik Nihlén
E-mail: fredrik.nihlen@neonode.com 
Phone: +46 703 97 21 09

Chief Executive Officer
Urban Forssell
E-mail: urban.forssell@neonode.com
Phone: +46 734 10 03 59

 

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https://mb.cision.com/Main/17297/3598923/1602620.pdf	Neonode Announces Adjournment of Annual Meeting of Stockholders - 07.08.22
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SOURCE Neonode

FAQ

What date is Neonode's reconvened Annual Meeting?

Neonode's reconvened Annual Meeting is scheduled for July 15, 2022, at 3:00 p.m. local time.

Why was Neonode's Annual Meeting adjourned?

The Annual Meeting was adjourned due to a lack of the required quorum.

What is the record date for voting at Neonode's Annual Meeting?

The record date for determining stockholder eligibility to vote is April 19, 2022.

What proposals will be voted on at Neonode's Annual Meeting?

The same proposals described in the proxy statement filed on April 26, 2022, will be voted on.

Does Neonode's Board of Directors recommend any actions to stockholders?

Yes, the Board of Directors recommends that stockholders vote 'FOR' all proposals.