Beneficient Delays Annual Meeting for Stockholder Engagement
Beneficient Postpones Annual Stockholders' Meeting
Beneficient, a forward-thinking technology platform, has announced that its Annual Meeting of Stockholders has been adjourned to provide more time for stockholders to cast their votes. This decision reflects the company's commitment to ensuring that all voices are heard in the crucial decision-making process.
Understanding the Reason for the Adjournment
The adjournment came about because the required number of shares to constitute a quorum was not present, either through remote participation or proxies. The Company’s Board of Directors has underscored its belief that the proposals awaiting stockholder consideration are essential for the Company’s future and in the best interest of all stockholders.
Next Steps for Stockholders
Beneficient has scheduled the reconvened meeting for April 16 at 9:00 a.m. Central time. This meeting will be conducted online, allowing stockholders to participate conveniently from anywhere. With digital engagement being such a significant part of today's world, this virtual setting will help facilitate increased participation.
Encouraging Stockholder Participation
During the adjournment period, Beneficient is actively soliciting proxies to gather stockholder opinions regarding the upcoming votes. The Company emphasizes that stockholders who have already submitted their votes will not need to act again unless they wish to change their choices.
How to Vote
All stockholders are encouraged to vote by the deadline of April 15, ensuring their voices are counted in this pivotal gathering. Voting options include online via the dedicated voting portal, by phone, or by returning the signed proxy card to the Company’s headquarters. Beneficient is making every effort to streamline this process for stockholders.
About Beneficient
Beneficient (NASDAQ: BENF), often referred to as Ben, is a company on a mission to open doors into the world of alternative asset investments. The Company is particularly dedicated to helping mid-to-high net worth individuals and smaller institutions navigate the complex landscape of alternative investment opportunities.
The innovative AltAccess platform allows users to explore diverse exit options swiftly, integrating ease and efficiency into the investment process. The AltQuote™ tool ensures that customers have a variety of potential options at their fingertips in mere minutes, further enhancing the user experience.
Empowering Investors and Partners
Beneficient’s subsidiary, Beneficient Fiduciary Financial, is licensed under the State of Kansas and falls under the Technology-Enabled Fiduciary Financial Institution (TEFFI) Act’s regulations. This charter signifies Beneficient’s dedication to high standards and the integrity of services provided to its clients.
Further Resources and Information
The Company has filed a definitive proxy statement with the U.S. Securities and Exchange Commission (SEC), positioned to keep stockholders well-informed about their voting options and interests. Those interested in understanding the stakes can find essential documents on the SEC’s website or through Beneficient’s official website.
Staying Connected with Beneficient
For more information, stockholders and interested parties can reach out to the Company via email. Beneficient aims to ensure transparency and accessibility to its investors, reinforcing their confidence in the Company’s trajectory and governance.
Frequently Asked Questions
Why was the Annual Meeting of Stockholders adjourned?
The meeting was adjourned due to insufficient shares present to constitute a quorum.
When will the scheduled reconvening of the meeting take place?
The reconvened meeting is scheduled for April 16 at 9:00 a.m. Central time.
How can stockholders vote?
Stockholders can vote online, by phone, or by returning a proxy card to Beneficient’s headquarters.
What is Beneficient's mission?
Beneficient aims to democratize the alternative asset investment market for underserved investors.
Where can stockholders access proxy materials?
Proxy materials are available on the SEC's website and the Company’s own website.
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