Algorhythm Holdings (RIME) AGM 2025 summary

Opening remarks and agenda

• CEO welcomed attendees and confirmed the agenda was made available to all participants.

• Introduced board members and key executives, including the CFO and committee chairs.

Shareholder proposals

• Voted on electing six directors, increasing authorized common stock from 100M to 800M, and granting board authority for a reverse stock split at a ratio between 1-for-10 and 1-for-250.

• Proposed amendment to the 2022 Equity Incentive Plan to increase shares available under the plan.

• Ratification of Marcum LLP as independent auditor for fiscal year ending December 31, 2024.

• Authorized issuance of warrants and shares in connection with a December 2024 securities offering.

• Approved potential adjournments to solicit additional proxies if needed for key proposals.

Corporate governance

• Inspector of Election appointed and confirmed a quorum was present.

• Voting procedures and rules of conduct for the meeting and Q&A were outlined.