Danimer Scientific (DNMR) EGM 2024 summary

Opening remarks and agenda

• Meeting convened to seek stockholder approval for board authority to implement a reverse stock split to maintain NYSE listing.

• Only one item of business: approval of an amendment to the Certificate of Incorporation for a reverse stock split.

Specific resolutions to be voted on

• Proposal to amend and restate the Certificate of Incorporation to allow a reverse stock split at a ratio between 1-for-20 and 1-for-40, at the board's discretion.

• Board recommended stockholders vote in favor; motion and second were made by stockholders.

Board and executive committee updates

• Interim CEO introduced board members and executive officers present.

• Quorum confirmed with over 68 million shares represented.