PLBY Group Announces Voting Results of 2025 Annual Meeting of Stockholders

Core Points - PLBY Group, Inc. announced the results of its 2025 Annual Meeting of Stockholders, where stockholders elected board nominees, ratified the independent auditor, approved a name change to "Playboy, Inc.", and increased authorized shares, but did not approve the second tranche of an investment by Byborg Enterprises S.A. [1][2] Voting Results - Juliana F. Hill received 54,555,539 votes for and 8,912,000 withheld, while György Gattyán received 60,597,054 votes for and 2,870,485 withheld [3] - The proposal to issue 16,956,842 shares at $1.50 per share was approved by 17,933,040 votes for, but faced significant opposition with 30,507,913 votes against [3] - The amendment to increase authorized shares from 150 million to 400 million was approved with 63,674,008 votes for and 13,992,569 against [4] - The name change to "Playboy, Inc." received 70,613,626 votes for and 7,039,973 against [4] - The appointment of BDO USA, P.C. as independent auditors was ratified with 71,810,773 votes for and 5,723,661 against [4] - The non-binding advisory vote on executive compensation received 53,674,646 votes for and 9,526,194 against [4] - The adjournment proposal to solicit additional proxies was approved with 68,147,502 votes for and 9,505,868 against [4] Company Strategy - The CEO emphasized the commitment to the Playboy brand and the focus on scaling the high-margin, recurring revenue licensing business globally [2] - The company aims to strengthen its balance sheet and generate positive cash flow while maintaining a partnership with Byborg [2]