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Cheetah Net Supply Chain Service | 8-K: Current report

SEC ·  Jul 9, 2024 05:03

Summary by Futu AI

At its July 2, 2024 annual meeting, Cheetah Net Supply Chain Service announced key changes to its board composition and approved significant corporate initiatives. Mr. Huibo Deng was appointed as director and audit committee chair, replacing Vladimir Gavrilovic. Deng brings extensive experience in finance and management, including roles at Shenzhen Dexun Securities Advisory and China Travel Group Zhonglv Bank.Stockholders approved the 2024 Stock Incentive Plan, which provides for 2.5 million Class A and 500,000 Class B common stock shares for awards to directors, employees, and consultants. The plan includes an annual automatic increase of up to 10% of outstanding shares, with caps of 4.5 million Class A and 500,000 Class B shares.The meeting also resulted in the approval of the Third Amended and Restated Articles of Incorporation, increasing authorized shares to 891.75 million Class A and 108.25 million Class B common stock. Shareholders ratified Assentsure PAC as the independent registered public accounting firm for 2024.
At its July 2, 2024 annual meeting, Cheetah Net Supply Chain Service announced key changes to its board composition and approved significant corporate initiatives. Mr. Huibo Deng was appointed as director and audit committee chair, replacing Vladimir Gavrilovic. Deng brings extensive experience in finance and management, including roles at Shenzhen Dexun Securities Advisory and China Travel Group Zhonglv Bank.Stockholders approved the 2024 Stock Incentive Plan, which provides for 2.5 million Class A and 500,000 Class B common stock shares for awards to directors, employees, and consultants. The plan includes an annual automatic increase of up to 10% of outstanding shares, with caps of 4.5 million Class A and 500,000 Class B shares.The meeting also resulted in the approval of the Third Amended and Restated Articles of Incorporation, increasing authorized shares to 891.75 million Class A and 108.25 million Class B common stock. Shareholders ratified Assentsure PAC as the independent registered public accounting firm for 2024.

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