Ben(US:BENF)2025-12-01 16:02Summary of Beneficient's Special Meeting Company Overview - Company: Beneficient (NasdaqCM: BENF) - Meeting Date: December 01, 2025 - Type of Meeting: Extraordinary General Meeting Key Points Discussed Meeting Structure and Attendance - The meeting was chaired by James G. Silk, the Interim Chief Executive Officer, with David Ross acting as Secretary [2][5] - A quorum was confirmed with 110,758,036 shares of Class A common stock and 239,257 shares of Class B common stock entitled to vote [6] Proposals Presented 1. Reverse Stock Split Proposal - A reverse stock split was proposed at a ratio ranging from one-for-five to one-for-one hundred, with the exact ratio to be determined by the board of directors [4] - This proposal requires approval by a majority of the voting power of the company's outstanding common stock [8] 2. Adjournment Proposal - A proposal to adjourn the meeting to a later date if necessary, particularly if there were insufficient votes for the reverse stock split [4] - This proposal also requires a majority of the votes cast at the meeting for approval [9] Voting Results - The preliminary count indicated sufficient votes to approve both the reverse stock split and the adjournment proposal [10] - It was determined that an adjournment was not necessary due to the approval of the reverse stock split [10] Conclusion of Meeting - The meeting concluded with no further business to discuss, and stockholders were thanked for their attendance and support [11] Additional Important Information - Stockholders were able to submit questions through the virtual meeting platform, although no questions were raised during the meeting [11] - The inspector of election's report will be filed with the minutes of the meeting, ensuring transparency in the voting process [10]