StableX Technologies (SBLX) Proxy Filing summary

Executive summary

• The annual meeting will be held virtually on December 30, 2024, to maximize shareholder participation and reduce costs and environmental impact.

• Shareholders will vote on director elections, an incentive plan amendment, auditor ratification, a reverse stock split, and potential adjournment.

• The Board recommends voting in favor of all proposals.

Voting matters and shareholder proposals

• Six directors are nominated for one-year terms: Joshua Silverman, Wayne R. Walker, George Devlin, Sebastian Giordano, Zvi Joseph, and Greg Schiffman.

• Proposal to amend the Long-Term Incentive Plan to increase authorized shares by 3,000,000, totaling 4,229,956 shares.

• Ratification of Marcum LLP as independent auditor for 2024.

• Proposal for a reverse stock split at a ratio between 1-for-2 and 1-for-13, at Board discretion.

• Adjournment proposal allows the meeting to be postponed if more time is needed to solicit votes.

Board of directors and corporate governance

• The Board consists of six members, five of whom are independent under Nasdaq rules.

• Board committees include Audit, Compensation and Human Resources, and Nominating and Corporate Governance, all composed of independent directors.

• The Board values diversity but has no formal diversity policy; demographic information is disclosed.

• The Chairman and Principal Executive Officer roles are combined for efficiency and accountability.