Safe & Green (NASDAQ:SGBX) stock is down on Thursday after the company gave investors a date for its next annual shareholder meeting.
According to a filing with the U.S. Securities and Exchange Commission (SEC), the next Safe & Green annual shareholder meeting is set to take place on Dec. 6, 2023. The company will provide the time and location for the meeting in a later filing.
Investors will note that this annual shareholder meeting is going to take place over 30 days after the one-year anniversary of the 2022 shareholder meeting. The company notes that this means it will have to update the deadlines previously announced for this year’s meeting.
SGBX Board Increase Rattles SGBX Stock
Also discussed in this filing is an increase in the size of the Safe & Green Board of Directors. The company increased the size of its board from six directors to seven directors. It did so while adding Thomas Meharey to the board.
Meharey joins the board as a non-employee director. This has him continuing to hold his roles of Vice President and board member at Kathy Ireland Worldwide. This is a global lifestyle brand that Meharey has been associated with since 2003.
SGBX stock is down 4.8% as of Thursday morning.
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On the date of publication, William White did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.
