Toro shareholders approve new equity plan, charter amendments limiting officer liability

Filed March 20, 2026 · Period ending March 17, 2026 · ~1 min read

Key Changes

• medium

  Shareholders approved 2026 Equity Plan replacing 2022 plan, authorizing 3.65M shares plus unused shares from prior plan for stock options, RSUs, and performance awards through 2036.

  Item 5.07: Annual Meeting verify on EDGAR →
• medium

  Charter amended to limit officer liability under Delaware law, providing legal protections similar to directors; received 73.8M votes for vs 8.1M against.

  Item 5.03: Charter Amendment verify on EDGAR →
• low

  Par value reduced from $1.00 to $0.01 per share, a technical change increasing financial flexibility and reducing state fees with no economic impact to shareholders.

  Item 5.03: Charter Amendment verify on EDGAR →