Summary by Futu AI
On September 10, 2024, AST SpaceMobile held its Annual Meeting, where shareholders approved the 2024 Incentive Award Plan. The plan allows for stock-based compensation awards, including options, restricted stock, and cash-based awards. It provides for 3,415,079 shares of Class A Common Stock, with potential annual increases of up to 2 million shares.All 10 nominated directors were re-elected to serve until the 2025 Annual Meeting. Shareholders also ratified the appointment of KPMG LLP as the company's independent registered public accounting firm for the fiscal year ending December 31, 2024.The meeting saw strong participation, with 88.6% of the total voting power represented. The new incentive plan replaces the 2020 plan and aims to attract and retain talent in the competitive space technology sector.