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Get filing alertsXMax Inc. shareholders re-elect six directors, ratify auditor at annual meeting
Filed June 9, 2026 · Period ending June 5, 2026 · ~1 min read
Key Changes
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Six directors elected to serve until 2027 annual meeting, all receiving over 12 million votes in favor with minimal opposition, ensuring board continuity.
Item 5.07 verify on EDGAR → -
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Shareholders ratified Enrome LLP as independent auditor for fiscal 2026 with 99.95% approval (18.2M votes for vs 7,189 against).
Item 5.07 verify on EDGAR → -
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Board will hold annual say-on-pay votes going forward after shareholders voted for yearly executive compensation reviews rather than longer intervals.
Item 5.07 verify on EDGAR →
Summary
XMax Inc. held its 2026 Annual Meeting on June 5, where shareholders approved routine governance matters with overwhelming support. All six director nominees—Umesh Patel, Xiaohua Lu, Yizhou Zhao, Ming-Cherng Sky Tsai, Wen Tao, and Matthew Beck—were re-elected with minimal opposition, providing board stability through 2027. The company's auditor, Enrome LLP, was ratified for another year with near-unanimous approval.
For retail investors, this filing signals business-as-usual governance with no contested elections or auditor concerns. The only notable decision was shareholders' preference for annual say-on-pay votes, giving investors yearly input on executive compensation rather than less frequent reviews. This is a standard procedural filing with no material impact on operations or strategy. Watch for the company's proxy statement next year to see if any board composition changes or compensation issues emerge that might make the annual meeting more contentious.
Section-by-Section Diff
Event · Item 5.07 — Submission of Matters to a Vote of Security Holders
XMax Inc. held its 2026 Annual Meeting on June 5, 2026, where shareholders elected six directors, ratified auditor Enrome LLP, and approved executive compensation.
Show 2 minor / wording changes
Added in current filing · verify on EDGAR →
The following six individuals were elected to the Board of Directors of the Company to serve as directors until the 2027 Annual Meeting of Shareholders and until their successors have been duly elected and qualified by votes as follows: Nominees | Votes Cast | For | Votes | Against | Abstain | Broker | Non-Votes | Umesh Patel | 12,332,165 | 137,019 | 2,164 | 5,752,115 | Xiaohua Lu | 12,470,649 | 554 | 145 | 5,752,115 | Yizhou (Steven) Zhao | 12,451,556 | 19,647 | 145 | 5,752,115 | Ming-Cherng Sky Tsai | 12,404,876 | 66,327 | 145 | 5,752,115 | Wen Tao | 12,470,618 | 585 | 145 | 5,752,115 | Matthew Beck | 12,470,732 | 471 | 145 | 5,752,115
Six directors were elected to serve until the 2027 Annual Meeting: Umesh Patel, Xiaohua Lu, Yizhou (Steven) Zhao, Ming-Cherng Sky Tsai, Wen Tao, and Matthew Beck. All nominees received overwhelming shareholder support with over 12 million votes in favor and minimal opposition.
Added in current filing · verify on EDGAR →
a majority of the votes cast at the Annual Meeting voted, in an advisory, non-binding vote, in favor of having a shareholder vote to approve the compensation of the Company’s named executive officers every year. In light of such vote, and consistent with the recommendation of the Company’s Board of Directors, the Board of Directors determined that it currently intends to hold an advisory, non-binding vote to approve the compensation of the Company’s named executive officers every year.
Shareholders voted to hold advisory votes on executive compensation annually rather than every two or three years, with 12,468,727 votes for annual frequency. The Board accepted this recommendation and will conduct say-on-pay votes every year going forward.
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Figures/quotes linked to EDGAR · Narrative written by AI · Jun 9, 2026 · How we verify