5 nominees · 3 ballot items.
Election of five directors; a reverse stock split with Board discretion to set the ratio between one-for-two and one-for-two hundred fifty; and one or more adjournments to permit further solicitation of proxies.
Election of five directors to hold office until the next annual meeting of stockholders and until their respective successors are elected and qualified, or until their earlier death, resignation, or removal.
Amendment to the Articles of Incorporation to authorize a reverse stock split within the stated ratio range, with the Board determining the exact ratio.
To authorize one or more adjournments of the Annual Meeting to a later date or dates, if necessary, to permit further solicitation of proxies in the event there are not sufficient votes in favor of the other proposals or to constitute a quorum.
| # | Owner | % of shares | Shares | Value |
|---|---|---|---|---|
| 1 | CITADEL ADVISORS LLC | 61.34% | 479,115 | $188K |
| 2 | DRW Securities, LLC | 42.11% | 328,890 | $129K |
| 3 | TWO SIGMA INVESTMENTS, LP | 7.04% | 55,006 | $22K |
| 4 | XTX Topco Ltd | 4.13% | 32,234 | $13K |
| 5 | SUSQUEHANNA INTERNATIONAL GROUP, LLP | 3.86% | 30,113 | $12K |
| 6 | HRT FINANCIAL LP | 2.71% | 21,174 | $8 |
| 7 | RENAISSANCE TECHNOLOGIES LLC | 2.19% | 17,100 | $7K |
| 8 | Virtu Financial LLC | 2.14% | 16,680 | $7 |
| 9 | UBS Group AG | 0.15% | 1,185 | $465 |
The opinions and information contained herein have been obtained or derived from sources believed to be reliable, but Boardroom Alpha cannot guarantee its accuracy and completeness, and that of the opinions based thereon.
This report contains opinions and is provided for informational purposes only – it does not constitute investment, legal or tax advice. You should not rely solely upon the research herein for purposes of transacting securities or other investments, and you are encouraged to conduct your own research and due diligence, and to seek the advice of a qualified securities professional before you make any investment.
None of the information contained in this report constitutes, or is intended to constitute a recommendation by Boardroom Alpha of any particular security or trading strategy or a determination by Boardroom Alpha that any security or trading strategy is suitable for any specific person. To the extent any of the information contained herein may be deemed to be investment advice, such information is impersonal and not tailored to the investment needs of any specific person.
No representation or warranty, expressed or implied, is made on behalf of Boardroom Alpha as to the accuracy or completeness of the information contained herein. Boardroom Alpha does not accept any liability for any direct, indirect or consequential loss or damage suffered by any person as a result of relying on all or any part of this research and any liability is expressly disclaimed.