Beyond Meat (NasdaqGS:BYND) 2025 Extraordinary General Meeting Transcript

Summary of Beyond Meat Special Meeting of Stockholders Company Overview - Company: Beyond Meat (NasdaqGS:BYND) - Meeting Date: November 19, 2025 - Chairman: Seth Goldman - CEO: Ethan Brown Key Points Discussed Meeting Structure and Attendance - The meeting was held virtually to enhance accessibility and reduce costs while supporting health and environmental considerations [2][4] - Key executives and board members attended, including the CFO Lubi Kutua and VP of FP&A Paul Sheppard [3] Legal and Procedural Aspects - The meeting adhered to Delaware law and the company's bylaws, confirming a quorum was present with 397,607,401 shares outstanding as of the record date [6][7] - Voting was conducted on five proposals, with the polls opening at 8:00 A.M. Pacific time [9][10] Proposals Voted On 1. Proposal 1: Approval of the potential issuance of shares upon conversion of up to $215 million in 7% convertible senior secured notes due 2030 [11] 2. Proposal 2: Amendment of the 2018 equity incentive plan to increase the number of shares authorized for issuance [12] 3. Proposal 3: Increase the number of authorized shares from 500 million to 3 billion to support additional share issuances [12] 4. Proposal 4: Approval of a reverse stock split and corresponding reduction in authorized shares [13] 5. Proposal 5: Related to the adjournment of the meeting, which was not submitted for a vote [14] Voting Results - All proposals (1 through 4) were approved based on preliminary voting results [15] Q&A Session - A question was raised regarding the necessity of reverse stock split authorization at this time, to which it was clarified that the proposal could not be canceled after the vote [17] Closing Remarks - CEO Ethan Brown emphasized the company's commitment to impacting global protein delivery and thanked stockholders for their support [19] Additional Important Information - The final voting results will be detailed in a current report on Form 8-K filed with the SEC [15] - The meeting concluded with a note of appreciation for stockholder participation [20]