Corvex (MOVE) AGM 2026 summary

Opening remarks and agenda

• The meeting was called to order by the CEO and held virtually, focusing on governance, capital structure, and strategic transition to AI infrastructure.

• The agenda included director elections, stock issuance approvals, ratification of the accounting firm, equity and employee stock plans, and potential adjournment.

• Voting procedures and record date were outlined, with polls open for online voting.

Financial performance review

• Disposed of legacy healthcare assets, including wearable technology, to satisfy secured debt, marking a shift to a singular AI infrastructure focus.

Board and executive committee updates

• Three new directors were elected, expanding the board to six members across staggered classes.

• Seth Demsey was appointed co-CEO alongside Jay Crystal, effective after the meeting.

• Chance Moreland joined as CFO, receiving 523,211 restricted stock units vesting over four years.