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Get filing alertsSnail holds routine annual meeting; all directors elected, auditor ratified
Filed May 28, 2026 · Period ending May 27, 2026 · ~1 min read
Key Changes
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Dual-class structure gives Class B holders (28.7M shares at 10 votes each) significant voting control over Class A (13.9M shares at 1 vote each); 96.8% of voting power represented at meeting.
Item 5.07 verify on EDGAR → -
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All eight director nominees elected with over 99.9% support (287.9M–288.0M votes for, 78K–185K withheld); 3.6M broker non-votes per nominee.
Item 5.07 verify on EDGAR → -
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BDO USA ratified as independent auditor for fiscal 2026 with 99.9% approval (291.4M for, 205K against, 65K abstentions).
Item 5.07 verify on EDGAR →
Summary
Snail held its 2026 annual meeting on May 27, with stockholders approving all routine governance matters by wide margins. All eight director nominees were elected with over 99.9% support, and the appointment of BDO USA as independent auditor was ratified with similar approval levels. The meeting achieved a 96.8% quorum of total voting power.
The company maintains a dual-class share structure that concentrates voting control: Class B shares carry 10 votes each versus 1 vote for Class A shares. With 28.7 million Class B shares outstanding compared to 13.9 million Class A shares, Class B holders control approximately 95% of voting power.
This structure is typical for companies seeking to preserve founder or insider control while accessing public capital markets. The strong approval rates across all proposals indicate no shareholder governance concerns at this time.
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Figures/quotes linked to EDGAR · Narrative written by AI · Jun 21, 2026 · How we verify