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 election to serve until the 2025 annual meeting.

• Proposal to amend the 2020 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 the Board's discretion.

• Proposal to adjourn the meeting 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 data is disclosed.

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