In a recent annual meeting, CaliberCos Inc. (NASDAQ:CWD), a real estate and construction firm, successfully passed several significant proposals. Shareholders gathered on Thursday to vote on matters including the election of the board of directors, the implementation of new equity incentive and employee stock purchase plans, and the ratification of the company's independent auditor for the upcoming fiscal year.
The election of the board of directors saw all six nominees secure their positions for another term. John C. Loeffler, II, Jennifer Schrader, William J. Gerber, Michael Trzupek, Daniel P. Hansen, and Lawrence Taylor will serve on the board until the 2025 annual meeting or until their successors are elected and qualify. The voting results indicated strong support for the current board, with the number of votes for each director significantly outweighing any votes withheld.
Moreover, the company's 2024 Equity Incentive Plan was approved, which is designed to provide long-term incentives to employees and align their interests with those of shareholders. The plan received a majority vote with 78,186,773 votes in favor, 402,965 against, and 3,993 abstentions.
Similarly, the 2024 Employee Stock Purchase Plan (ESPP) was also sanctioned, further emphasizing the company's commitment to employee participation in its growth and success. This proposal garnered 78,377,406 votes for, 212,681 against, and 3,644 abstentions.
Lastly, the appointment of Deloitte & Touche LLP as the independent registered public accounting firm for the fiscal year ending December 31, 2024, was ratified. The proposal was met with overwhelming approval, receiving 81,784,847 votes for, 33,370 against, and 2,441 abstentions.
The successful passage of these proposals reflects the confidence the shareholders have in the company's governance and strategic direction. The information presented in this article is based on the latest SEC filing by CaliberCos Inc.
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