Neonode's Annual Meeting Postponed Again Due to Quorum Issues

On June 26, 2025, Neonode Inc. (NASDAQ: NEON) found itself in a familiar situation—the adjournment of its Annual Meeting of Stockholders. Originally reconvened that day at 3:00 PM local time in their headquarters in Stockholm, the meeting had to be halted again as it lacked the necessary quorum for any business to proceed.

This time around, stockholders were given an additional opportunity to cast their votes on important proposals outlined in the proxy statement that had been filed with the Securities and Exchange Commission back on April 30, 2025. However, Neonode's leadership recognized that the absence of a quorum rendered their efforts to conduct the meeting futile, forcing another postponement, with plans to reconvene on July 3, 2025, at the same time and location.

The company reassured stockholders that the record date for determining eligibility to vote remains April 21, 2025. For those who had already submitted their proxies, their votes would be counted unless they opted to revoke them, thus helping to mitigate confusion. It’s noteworthy that shareholders who have participated in the voting process previously need to refrain from any additional actions at this juncture.

Neonode's Board of Directors has put forth a unanimous recommendation urging stockholders to support all proposals on the ballot. They actively encouraged those who have yet to express their votes to do so promptly, emphasizing the importance of achieving the quorum required to proceed. The company highlighted how critical it is for stockowners—whether they hold a handful of shares or a substantial portfolio—to ensure their voices are heard in this important event.

In a concise statement, the company reiterated that a quorum is essential for the meeting to continue. Without it, the agenda cannot be fulfilled, and significant decisions regarding the company’s future remain on hold. Stockholders are directed to relevant materials, which include the notice, proxy statement, proxy card, and Neonode's annual report on Form 10-K, all accessible via the company’s proxy portal.

As the countdown begins towards the rescheduled meeting, stockholders are reminded of the influence they wield. Their engagement is crucial not just for a successful meeting but for the direction Neonode takes moving forward.

Should you have any inquiries or need further clarification, Neonode's Chief Financial Officer, Fredrik Nihlén, and President & CEO, Pierre Daniel Alexus, have made themselves available for direct communication. They can be reached through their respective emails or phone numbers, encouraging open dialogue between the company's leadership and its shareholders.

In conclusion, while another adjournment of the stockholders' meeting might seem frustrating, it serves as a reminder of the collective responsibilities that come with ownership and governance in today's corporate landscape. As the next date approaches, the spotlight remains on the stockholders of Neonode—and their opportunity to shape the future of the company.

For continuous updates, stay tuned to official announcements from Neonode as well as platforms that cover corporate news extensively.