Everspin shareholders approve 1.8M share increase to equity plan, ban option repricing

Filed May 22, 2026 · Period ending May 21, 2026 · ~1 min read

Key Changes

• medium

  Stockholders approved adding 1.8 million shares to the 2016 Equity Incentive Plan for employee stock compensation, expanding the pool available for options and restricted stock awards.

  Item 5.07 verify on EDGAR →
• medium

  Amended plan now prohibits repricing underwater stock options or canceling them for cash/new awards without shareholder approval, protecting against dilutive management-friendly actions.

  Item 5.07 verify on EDGAR →
• medium

  Equity plan amendment passed with approximately 30% of votes against, showing meaningful shareholder opposition to the dilution despite overall approval.

  Item 5.02 verify on EDGAR →