DEFA14A: Byrna Technologies Corrects Share Count and Stockholder Number in Proxy Statement

Byrna Technologies issues a supplement to its proxy statement to correct the number of outstanding shares and stockholders of record as of October 14, 2024.

Summary

• Byrna Technologies has issued a supplement to its definitive proxy statement filed on October 21, 2024.
• The supplement corrects the number of shares of common stock outstanding as of the record date of October 14, 2024.
• The originally stated number of 22,758,402 shares was incorrect due to an error in counting treasury shares.
• The corrected number of shares outstanding is 22,479,033.
• The number of stockholders of record as of October 14, 2024, was also corrected from 69 to 75.
• The corrected share count will be used for determining the quorum for the Annual Meeting, which requires one-third of outstanding voting shares.
• Previously submitted proxy cards remain valid and do not need to be resubmitted.

Sentiment

Score: 7

Explanation: The document is a neutral correction of a factual error. It doesn't indicate positive or negative performance, but demonstrates attention to detail and transparency.

Positives

• The company promptly addressed and corrected an error in its proxy statement, ensuring accurate information for stockholders.

Industry Context

This announcement is a routine correction to a proxy statement, which is a common occurrence in corporate governance. It does not indicate any broader industry trends.

Stakeholder Impact

• The correction ensures that shareholders have accurate information for voting purposes.

Next Steps

• Stockholders are urged to vote their shares prior to the Annual Meeting using the methods described in the Proxy Statement.

Key Dates

Keywords

Proxy Statement, Byrna Technologies, Shares Outstanding, Stockholders, Annual Meeting, Correction