Summary by Futu AI
Nikola Corporation held its annual meeting of stockholders on June 5, 2024, where several key proposals were voted upon. The election of directors resulted in all nominated members being elected to serve until the 2025 annual meeting. The directors elected include Stephen J. Girsky, Michael L. Mansuetti, Jonathan M. Pertchik, Mary L. Petrovich, Steven M. Shindler, Bruce L. Smith, Carla M. Tully, John C. Vesco, and Andrew M. Vesey. Additionally, a reverse stock split was approved, with a ratio to be determined by the board of directors, and a reduction in the number of authorized shares from 1.6 billion to 1 billion. An amendment to increase the number of shares available under the Nikola Corporation 2020 Stock Incentive Plan by 130 million was also approved. The compensation for the company's named executive officers received approval on a non-binding advisory basis. Furthermore, the appointment of Grant Thornton LLP as the independent registered public accounting firm for the fiscal year ending December 31, 2024, was ratified.