Core Points - Flora Growth Corp. held its 2025 Annual and Special Meeting of Shareholders, where several proposals were voted on by shareholders [1][2][3][4][5]. Proposal Summaries - Proposal 1: Election of five directors to the board. All five directors were elected with the following votes: - Clifford Starke: 7,329,521 For, 1,500,756 Against - Sammy Dorf: 8,014,311 For, 815,247 Against - Edward Woo: 8,622,354 For, 204,155 Against - Manfred Leventhal: 8,715,612 For, 114,001 Against - Harold Wolkin: 8,560,356 For, 264,945 Against [1]. - Proposal 2: Reappointment of Davidson & Company LLP as auditors for the fiscal year ending December 31, 2025. The proposal passed with 12,637,347 For votes against 225,303 Against [2]. - Proposal 3: Approval of an amendment to the Company's 2022 Plan to increase the number of shares from 2,500,000 to 4,500,000. This proposal was approved [2]. - Proposal 4: Approval of the grant of Stock Appreciation Rights to the Company's executives. This proposal was not approved, receiving 1,291,659 For votes against 7,547,118 Against [3]. - Proposal 5: Authority for the Board to effect a share consolidation at a ratio between 10:1 and 100:1. This proposal was approved with 10,996,887 For votes against 1,296,154 Against [4]. - Proposal 6: Approval of the repricing and amendment of vesting terms of certain outstanding Stock Appreciation Rights. This proposal was also approved with 5,292,718 For votes against 3,547,911 Against [5].
Flora Growth Announces Results of 2025 Annual and Special Meeting of Shareholders