WISA Annual Meeting Adjourned to Jan 12 Due to Lack of Quorum
Ticker: DVLT · Form: DEFA14A · Filed: Jan 5, 2024 · CIK: 1682149
Complexity: simple
Sentiment: neutral
Topics: proxy-statement, corporate-governance, shareholder-meeting
TL;DR
**WISA's annual meeting got pushed to Jan 12 because not enough shareholders voted; vote your shares!**
AI Summary
WiSA Technologies, Inc. (WISA) has adjourned its 2023 Annual Meeting of Stockholders, originally scheduled for December 28, 2023, due to a lack of sufficient voting shares to meet the required quorum. The meeting will now reconvene on January 12, 2024, at 11:00 a.m. Pacific Time at the company's offices in Beaverton, Oregon. This matters to stockholders because their participation is crucial for the company to conduct essential business, and failure to meet quorum again could delay important decisions.
Why It Matters
Stockholders need to vote to ensure the company can make important decisions, otherwise, further delays could impact operations and investor confidence.
Risk Assessment
Risk Level: medium — Failure to meet quorum for an annual meeting can signal low investor engagement or potential issues with shareholder communication, which could delay corporate actions.
Analyst Insight
Investors who own WISA stock should ensure they cast their vote by proxy before January 12, 2024, to help the company meet its quorum and proceed with its annual meeting agenda.
Key Players & Entities
- WiSA Technologies, Inc. (company) — the registrant
- December 28, 2023 (date) — original Annual Meeting date
- January 12, 2024 (date) — reconvene date for the Adjourned Annual Meeting
- 11:00 a.m. Pacific Time (time) — time of the Adjourned Annual Meeting
- 15268 NW Greenbrier Pkwy, Beaverton, Oregon 97006 (location) — location of the Adjourned Annual Meeting
- November 15, 2023 (date) — record date for the Adjourned Annual Meeting
FAQ
Why was WiSA Technologies, Inc.'s 2023 Annual Meeting of Stockholders adjourned?
The 2023 Annual Meeting of Stockholders, originally convened on December 28, 2023, was adjourned because there were not enough voting shares present or represented by proxy to constitute the required quorum.
When and where will the Adjourned Annual Meeting reconvene?
The Adjourned Annual Meeting will reconvene on January 12, 2024, at 11:00 a.m. Pacific Time, at the offices of the Company located at 15268 NW Greenbrier Pkwy, Beaverton, Oregon 97006.
What is the record date for stockholders eligible to vote at the Adjourned Annual Meeting?
The record date for stockholders eligible to vote at the Adjourned Annual Meeting is November 15, 2023.
What is the purpose of this DEFA14A filing?
This DEFA14A filing serves as Definitive Additional Materials related to the proxy statement, informing stockholders about the adjournment of the Annual Meeting and urging them to vote their proxy for the reconvened meeting.
What is the significance of a quorum for the Annual Meeting?
A quorum is the minimum number of voting shares required to be present or represented by proxy for the company to legally conduct business and make decisions at the Annual Meeting. Without it, the meeting cannot proceed with its agenda.
Filing Stats: 428 words · 2 min read · ~1 pages · Grade level 9.9 · Accepted 2024-01-05 16:52:56
Filing Documents
- tm242229-1_defa14a.htm (DEFA14A) — 10KB
- 0001104659-24-001850.txt ( ) — 11KB
From the Filing
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14A (RULE 14a-101) SCHEDULE 14A INFORMATION PROXY STATEMENT PURSUANT TO SECTION 14(a) OF THE SECURITIES EXCHANGE ACT OF 1934 Filed by the Registrant Filed by a Party other than the Registrant ¨ Check the appropriate box: ¨ Preliminary Proxy Statement ¨ Confidential, For Use of the Commission Only (as Permitted by Rule 14a-6(e)(2)) ¨ Definitive Proxy Definitive Additional Materials ¨ Soliciting Material under §240.14a-12 WiSA Technologies, Inc. (Name of Registrant as Specified In Its Charter) (Name of Person(s) Filing Proxy Statement, if other than the Registrant) Payment of Filing Fee (Check the appropriate box): No fee required ¨ Fee paid previously with preliminary materials. ¨ Fee computed on table in exhibit required by Item 25(b) per Exchange Act Rules 14a6(i)(1) and 0-11. January 5, 2024 Dear WiSA Technologies Stockholder: On December 28, 2023, WiSA Technologies, Inc. (the “ Company ”) convened its 2023 Annual Meeting of Stockholders (the “ Annual Meeting ”). At that time, there were not present or represented by proxy a sufficient number of the Company’s voting shares in order to constitute the required quorum. As a result, the Company adjourned the Annual Meeting, which will reconvene on January 12, 2024, at 11:00 a.m. Pacific Time, at the offices of the Company at 15268 NW Greenbrier Pkwy, Beaverton, Oregon 97006 (the “ Adjourned Annual Meeting ”). The Adjourned Annual Meeting is just a few days away, so please remember to take the time to vote your proxy today. Your vote is important, no matter how many or how few shares you own as of November 15, 2023, the record date for the Adjourned Annual Meeting. If you have since sold your shares, you still have the right to vote what you held on the record date. The Company’s Board of Directors recommends that you vote “ FOR ” each of the Company’s director nominees, and “ FOR ” ratification of the Company’s auditors, as set forth in the Company’s Proxy Statement on Schedule 14A, filed with the U.S. Securities and Exchange Commission on November 17, 2023. Please take the time to vote your proxy today and help save the Company additional costs to readjourn the Annual Meeting. If you need assistance in voting your shares, please call our proxy solicitor, Laurel Hill Advisory Group, at 888-742-1305. Representatives are available Monday through Friday, from 9:00 a.m. to 5:00 p.m. Eastern Time. Thank you for being an investor in WiSA Technologies. We appreciate your support. Sincerely, /s/ Brett Moyer Brett Moyer Chairman and Chief Executive Officer