SMX Approves New Equity Incentive Plan
Ticker: SMXWW · Form: 6-K · Filed: Jun 12, 2024 · CIK: 1940674
| Field | Detail |
|---|---|
| Company | Smx (Security Matters) Public Ltd Co (SMXWW) |
| Form Type | 6-K |
| Filed Date | Jun 12, 2024 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 2 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: equity-incentive-plan, stock-compensation, board-approval
TL;DR
SMX just launched a new stock incentive plan, giving out up to 10M shares to employees.
AI Summary
On June 9, 2024, the Board of Directors of SMX (Security Matters) Public Limited Company, following the recommendation of its independent directors, approved a new equity incentive plan. This plan allows for the grant of up to 10,000,000 ordinary shares of the Company.
Why It Matters
This plan provides SMX with a mechanism to incentivize and retain key employees and directors through stock-based compensation, potentially aligning their interests with shareholders.
Risk Assessment
Risk Level: low — The filing is a routine disclosure of a new equity incentive plan, with no immediate negative financial implications.
Key Numbers
- 10,000,000 — Ordinary Shares (Maximum number of shares available for grant under the new equity incentive plan.)
Key Players & Entities
- SMX (Security Matters) Public Limited Company (company) — The company filing the report and approving the plan.
- Board of Directors (company) — The body that approved the equity incentive plan.
- 10,000,000 (dollar_amount) — The maximum number of ordinary shares that can be granted under the new plan.
FAQ
What is the purpose of the new equity incentive plan?
The plan is designed to provide incentives and compensation to employees, directors, and consultants of the Company.
When was the equity incentive plan approved?
The Board of Directors approved the plan on June 9, 2024.
What is the maximum number of shares that can be granted under the plan?
Up to 10,000,000 ordinary shares of the Company.
Who recommended the approval of the plan?
The recommendation came from a majority of the independent members of the Board of Directors, acting as the Company's Nominating and Corporate Governance Committee.
What type of shares can be granted under the plan?
Ordinary shares of the Company.
Filing Stats: 450 words · 2 min read · ~2 pages · Grade level 14.5 · Accepted 2024-06-12 09:45:04
Filing Documents
- form6-k.htm (6-K) — 19KB
- 0001493152-24-023556.txt ( ) — 20KB
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized. Date: June 12, 2024 SMX (SECURITY MATTERS) PUBLIC LIMITED COMPANY By: /s/ Haggai Alon Name: Haggai Alon Title: Chief Executive Officer