Replies to post #8962 on Genius Brands International Inc (GNUS)

[rickn23]

400 million shares authorized.

It's in the proxy statement:

At the special meeting, we will ask stockholders to approve the following proposals:


1. To approve a proposed amendment to the Genius Brands International, Inc. Articles of Incorporation, as amended, to increase the authorized number of shares of Genius Brands International, Inc. common stock from 233,333,334 to 400,000,000 in order to enable Genius Brands International, Inc. to efficiently take advantage of accretive opportunities, largely targeting acquisitions, which may arise and provide enriched shareholder value as the media industry undergoes a period of consolidation;


2. To approve the 2020 Incentive Plan, which (if approved) will replace Genius Brands International, Inc.’s 2015 Amended Incentive Plan for all future equity-based incentive awards and enable Genius Brands International, Inc. to attract, motivate, and retain qualified individuals upon whom its business and accretive growth strategy depends; and


3. To adjourn the meeting, if necessary, to solicit additional proxies if there are insufficient votes at the time of the special meeting to approve the proposal described above.

https://www.sec.gov/Archives/edgar/data/1355848/000168316820002578/genius_def14a.htm

The vote was Thursday August 27, 2020.

You can access a recording of the special meeting here (scroll to the bottom):

https://ir.gnusbrands.com/ir-calendar/detail/6149/2020-special-meeting-of-stockholders

(The voting result percentages are misleading)