AlTi Global, Inc. (NASDAQ:ALTI), a company specializing in investment advice, announced the results of its 2024 Annual Meeting of Stockholders, which took place on June 26, 2024. The company, headquartered in New York and incorporated in Delaware, has shared the outcomes of several critical shareholder votes.
In the first proposal, shareholders voted to elect six director nominees listed in the company's May 10, 2024, proxy statement. These directors will serve until the 2025 Annual Meeting or until their successors are elected and qualified. The directors elected are Ali Bouzarif, Norma Corio, Mark Furlong, Timothy Keaney, Michael Tiedemann, and Tracey Brophy Warson.
The second proposal, which sought to comply with Nasdaq Rule 5635(b), involved the approval of issuing Class A Common Stock and Series A Preferred Stock to Allianz (ETR:ALVG) Strategic Investments S.à.r.l. Shareholders approved this proposal, which also includes shares of Class A Common Stock that may be issued upon the conversion of Series A Preferred Stock and the exercise of warrants to purchase additional Class A Common Stock.
The third proposal addressed the amendment of the company's Certificate of Incorporation to authorize a new class of common stock, designated as Class C Non-Voting Common Stock. This amendment was also approved by the stockholders.
Finally, the fourth proposal resulted in the ratification of KPMG LLP as the independent registered public accounting firm for AlTi Global for the fiscal year ending December 31, 2024.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.