DEF: FOXO Technologies Inc. Announces 2024 Annual Stockholders Meeting

FOXO Technologies Inc. will hold its 2024 annual meeting of stockholders virtually on December 31, 2024, to vote on director elections, auditor ratification, and potential meeting adjournments.

Summary

• FOXO Technologies Inc. is holding its 2024 annual meeting of stockholders on December 31, 2024, at 9:30 a.m. Central Time.
• The meeting will be conducted virtually via live webcast.
• Stockholders will vote on the election of directors, ratification of the independent auditor, and approval to adjourn the meeting if necessary to solicit additional proxies.
• The record date for determining stockholders eligible to vote is December 19, 2024.
• Stockholders can vote online, by phone, or by mail before the meeting, and can also vote during the virtual meeting.
• The company has engaged Alliance Advisors, LLC as a proxy solicitor for an estimated fee of $7,500 plus expenses.
• The company's Class A Common Stock and Series A Preferred Stock are entitled to vote, with the Series A Preferred Stock having a voting power capped at 19.99% of the total voting power.
• As of December 19, 2024, there were 19,001,988 shares of Class A Common Stock and 23,464 shares of Series A Preferred Stock outstanding.

Sentiment

Score: 7

Explanation: The document is a standard proxy statement, which is neutral in tone. The information is presented clearly and professionally, indicating a stable and well-organized approach to corporate governance.

Positives

• The virtual meeting format provides ready access and cost savings for stockholders.
• Stockholders have multiple options for voting, including online, phone, and mail.
• The company is taking steps to ensure all shares are represented at the meeting.

Negatives

• The company is spending $7,500 plus expenses on a proxy solicitor.
• The meeting is being held virtually, which may not be ideal for all stockholders.

Risks

• There is a risk that the company may not receive enough votes to approve the proposals, requiring an adjournment of the meeting.
• The company's reliance on a virtual meeting format may exclude some stockholders who are not comfortable with the technology.
• There is a risk that the company may not be able to attract and retain qualified directors and officers.

Future Outlook

The document does not contain specific forward-looking statements beyond the details of the upcoming annual meeting.

Management Comments

• On behalf of our Board of Directors, thank you for your continued support and interest.
• Your vote is very important. Whether or not you attend the Annual Meeting virtually, it is important that your shares be represented.

Industry Context

The use of a virtual meeting format is becoming increasingly common, reflecting a trend towards cost-efficiency and accessibility in corporate governance.

Comparison to Industry Standards

• The use of a virtual meeting format is consistent with practices adopted by many public companies to reduce costs and increase accessibility for shareholders.
• The proxy statement includes standard proposals such as the election of directors and ratification of auditors, which are typical for annual meetings of publicly traded companies.
• The company's engagement of a proxy solicitor is a common practice to ensure sufficient shareholder representation at the meeting.

Stakeholder Impact

• Shareholders will be able to vote on key corporate matters.
• The virtual meeting format aims to make the meeting accessible to all shareholders.
• The company is taking steps to ensure all shares are represented at the meeting.

Next Steps

• Stockholders are encouraged to vote their shares before the deadline.
• The company will hold the annual meeting on December 31, 2024.
• The company will announce the voting results after the meeting.

Key Dates

Keywords

annual meeting, proxy statement, stockholders, virtual meeting, director election, auditor ratification, proxy vote, FOXO Technologies, corporate governance