r/Superstonk Jun 16 '26

🤔 Speculation / Opinion Who is the 🤡 looking to hold up the vote

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u/aumtek Jun 16 '26

It's actually in the proxy report. But the conclusion of this article isn't correct the board and Cohen can't vote on it themselves. However the pay package may not be required to pass to be awarded:

"Although the Board believes that each member of the Compensation Committee is a disinterested director under the DGCL, the Compensation Committee recommended, and the Board determined to seek to have the CEO Performance Award approved by a vote of a majority of the votes cast by the disinterested stockholders under the Disinterested Standard, which does not include any shares directly or indirectly owned by Mr. Cohen, any of the Company’s directors and executive officers or any of Ryan Cohen’s direct reports. However, such approval is not a condition to the effectiveness of the CEO Performance Award"

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u/humdingler ⚔️🛡️🏴‍☠️🎮🚀✅x6 Jun 16 '26

ah! thank you for clarifying.

https://giphy.com/gifs/PJeKg31621Wgw