Summary by Futu AI
Virgin Galactic Holdings, Inc. (SPCE) has announced its 2024 Annual Meeting of Stockholders to be held virtually on June 12, 2024, at 9:00 a.m. Pacific Time. Stockholders of record as of April 17, 2024, are entitled to attend, vote, and submit questions during the meeting. The agenda includes the election of director nominees, ratification of Ernst & Young LLP as the independent registered public accounting firm for 2024, advisory approval of executive compensation, approval of the Second Amended and Restated Virgin Galactic Holdings, Inc. 2019 Incentive Award Plan, and approval of amendments to effect a reverse stock split of the company's common stock. The reverse stock split proposal, if approved, would allow the Board to determine a ratio ranging from 1-for-2 to 1-for-20, aimed at improving the investment security perception, normalizing trading levels, and maintaining NYSE listing requirements. The meeting will also address any other business that may properly come before the meeting.