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IslandOfMisfitToys

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IslandOfMisfitToys

Re: lizzy241 post# 404254

Monday, 02/27/2023 11:18:02 AM

Monday, February 27, 2023 11:18:02 AM

Post# of 423948
The board can approve any equity awards they please as long as the equity incentive plan has adequate authorized shares to cover it (which the current plan does).

This isn't technically a legal issue -- it's a governance issue, which can be turned into a legal issue if a suit is brought against the board for dereliction of duties.

"The biggest obstacles to our progress exist within our own lives in the form of cowardice and the tendency to give up. Breaking through these barriers will unleash a surging wave of change." -- Daisaku Ikeda

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