Neonode's Annual Stockholders Meeting Adjourned Due to Quorum Issues

On June 12, 2025, Neonode Inc. (NASDAQ: NEON) convened its 2025 Annual Meeting of Stockholders at its main office in Stockholm, Sweden. However, the meeting was adjourned as it failed to reach the necessary quorum required to proceed with the business discussions. The primary purpose of the annual meeting is to allow stockholders to vote on various proposals outlined in a proxy statement that was submitted to the Securities and Exchange Commission (SEC) on April 30, 2025.

The adjournment of this meeting highlights the importance of stockholder participation in corporate governance. With no business conducted at this gathering, the board of directors has emphasized the need for stockholders to make their voices heard by voting on the proposals put forth. To facilitate this process, the Annual Meeting is set to reconvene on June 26, 2025, also at 3:00 PM local time at Neonode's executive office. This gives stockholders additional time to cast their votes and contribute to the decision-making process.

Neonode has reiterated that the record date for determining eligibility to vote remains set at the close of business on April 21, 2025. Any proxies submitted prior to the first meeting will still be counted unless revoked. This is an opportunity for those who have yet to engage in voting to step up and participate in the crucial decisions affecting the company.

The proposals awaiting your approval do not have any modifications since the last communication, and it still holds that your vote holds significant weight within Neonode's operations. The board of directors strongly recommends that stockholders vote in favor of all proposals as they are vital for the company's direction.

In today’s corporate landscape, achieving a quorum is essential for conducting meetings, as decisions made at these gatherings can greatly influence company strategies and shareholder value. Thus, Neonode has issued a call to action to anyone holding shares, regardless of quantity, to vote promptly to ensure that the upcoming meeting can move forward without further procedural setbacks.

If you're a stockholder of Neonode Inc., it's crucial to stay informed and engaged. The company values every share-holder’s opinion, and participation in the voting process is a fundamental aspect of maintaining democratic values in corporate governance.

For more information, stockholder resources including the notice, proxy statement, proxy card, and an annual report on Form 10-K are conveniently available at ASTProxyPortal.

Should you have any questions or require further assistance regarding your vote, you could contact Neonode's Chief Financial Officer, Fredrik Nihlén, via email at f.nihlen@neonode.com or by calling +46 703 97 21 09. Alternatively, inquiries can be directed to the President and CEO, Pierre Daniel Alexus, at p.alexus@neonode.com or by phone at +46 767 60 29 90.

Participate today and ensure your voice is heard in shaping Neonode's future!

Topics Financial Services & Investing)

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