Beneficient Adjourns Annual Meeting of Stockholders
Dallas - Beneficient (NASDAQ: BENF) is known for its innovative platform that brings opportunities and solutions to holders of alternative assets. Recently, the company announced the adjournment of its Annual Meeting of Stockholders, originally scheduled to gather at 9:00 a.m. Central Time. This decision was made to ensure more time is allocated for stockholders to cast their votes.
Importance of Stockholder Participation
The company faced a situation where a sufficient number of shares were not present, either through remote communication or proxy voting, to establish a quorum. Beneficient's Board of Directors firmly believes in the significance of the proposals on the agenda, which are designed to benefit stockholders. Consequently, they decided to push back the meeting.
New Meeting Schedule
The newly scheduled meeting will take place on May 28, 2025, at 8:00 a.m. Central Time. It will be conducted virtually, providing an accessible platform for all stockholders to participate from the comfort of their own homes.
Proxies and Voting Process
During the adjournment phase, Beneficient will actively continue to solicit proxies from its stockholders regarding the proposals outlined in their proxy statement. It's vital for stockholders who have previously submitted their proxies to know that their votes will still be counted at the reconvened meeting unless they choose to revoke them. There is no immediate action required from those who have already cast their votes unless they wish to amend their selections.
Voting Details for Stockholders
Beneficient urges all stockholders who haven't yet participated in voting to do so by May 27, 2025, at 11:59 p.m. Central Time. Voting options include online through a provided portal, via telephone, or by mailing a completed proxy card to the Corporate Secretary at Beneficient's address.
About Beneficient
Beneficient aims to democratize access to the global alternative asset investment landscape for a diverse range of investors. This includes individuals with mid-to-high net worth, small to midsized institutions, and general partners seeking valuable exit strategies and additional support for their funds. Their AltQuote™ tool provides users with rapid access to potential exit opportunities, while the AltAccess® portal offers a secure environment for exploring these options.
Beneficient Fiduciary Financial, L.L.C., a subsidiary under the Beneficient umbrella, operates under Kansas’ Technology-Enabled Fiduciary Financial Institution (TEFFI) Act, and is regulated by the state's Office of the State Bank Commissioner. This regulatory structure reinforces Beneficient's commitment to providing a reputable service in the finance sector.
Additional Information
Beneficient has submitted a definitive proxy statement and related proxy materials with the U.S. Securities and Exchange Commission (SEC) as part of its proxy solicitation for the Annual Meeting of Stockholders. The company, along with its directors and executive officers, is engaged in this solicitation process.
Important Documents for Stockholders
Stockholders are encouraged to thoroughly review all relevant documents filed with the SEC, including the definitive proxy statement and supplementary materials. These documents contain crucial information that will aid stockholders in making informed voting decisions. Interested parties can access these documents for free by visiting the SEC’s website, as well as Beneficient's own website.
Contact Information
For any inquiries, stockholders can reach out via email at investors@beneficient.com.
Frequently Asked Questions
What is the new date for Beneficient's Annual Meeting?
The Annual Meeting has been rescheduled for May 28, 2025, at 8:00 a.m. Central Time.
Why was the meeting adjourned?
The meeting was adjourned due to insufficient shares present to establish a quorum necessary for voting.
How can stockholders vote?
Stockholders can vote online, by phone, or by returning a proxy card before the voting deadline.
What is Beneficient's mission?
Beneficient aims to provide underserved investors with access to the alternative asset investment market and tools to unlock asset value.
How can stockholders get more information about voting?
Stockholders can find more details about voting in the definitive proxy statement filed with the SEC and on Beneficient's website.
