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Serve Robotics Inc. Submits Matters to a Vote of Security Holders

Strategic Insights

— 1 min read

At the 2025 annual meeting of stockholders of Serve Robotics Inc., held on June 12, 2025, three proposals were submitted to the stockholders for a vote. The meeting saw a significant representation of shares, with 33,949,098 shares, or approximately 59.55%, of the 57,006,809 shares entitled to vote present in person or by proxy, constituting a quorum. The election of two directors, the ratification of PricewaterhouseCoopers LLP as the Company's independent registered public accounting firm, and the approval of an amendment to the Company's 2023 Equity Incentive Plan were the matters put to a vote.

Key Takeaways:

  • The Company's stockholders elected two directors, Lily Sarafan and Olivier Vincent, to serve as Class II directors until the 2028 annual meeting of stockholders.
  • The election of directors saw a total of 29,069,015 votes cast, with Lily Sarafan receiving 15,855,432 votes and Olivier Vincent receiving 13,213,621 votes.
  • The Company's stockholders ratified the selection of PricewaterhouseCoopers LLP as their independent registered public accounting firm for the fiscal year ending December 31, 2025, with a total of 33,619,013 votes cast in favor.
  • The proposal to approve an amendment to the Company's 2023 Equity Incentive Plan to increase the aggregate number of shares authorized for issuance saw 12,126,213 votes cast in favor.
  • The voting results showed a significant level of proxy voting, with 17,939,805 shares represented by proxy.
  • The proxy statement filed with the Securities and Exchange Commission on April 25, 2025, contained more information about the proposals put to a vote.

Statistics:

  • 57,006,809 shares were entitled to vote at the annual meeting.
  • 33,949,098 shares, or approximately 59.55%, were represented at the meeting in person or by proxy.
  • 29,069,015 votes were cast in respect of the election of directors.
  • 33,619,013 votes were cast in favor of ratifying PricewaterhouseCoopers LLP as the Company's independent registered public accounting firm.
  • 12,126,213 votes were cast in favor of approving the amendment to the Company's 2023 Equity Incentive Plan.
  • 17,939,805 shares were represented by proxy.

Sources:

  • UNITED STATES SECURITIES AND EXCHANGE COMMISSION
  • Serve Robotics Inc.'s FORM 8-K (Current Report) filed on July 16, 2025
  • Serve Robotics Inc.'s definitive proxy statement on Schedule 14A filed on April 25, 2025

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