Edible Garden (EDBL) Proxy Filing summary

Executive summary

• Annual meeting scheduled for August 21, 2024, to be held virtually to enhance shareholder participation.

• Record date for voting eligibility is June 27, 2024, with 3,160,392 shares outstanding.

• Four proposals up for vote: election of directors, ratification of auditor, amendment to equity plan, and potential adjournment.

• Board recommends voting FOR all proposals.

Voting matters and shareholder proposals

• Proposal One: Elect four director nominees for a one-year term.

• Proposal Two: Ratify Marcum LLP as independent auditor for fiscal year 2024.

• Proposal Three: Approve amendment to 2022 Equity Incentive Plan to add 650,000 shares.

• Proposal Four: Approve adjournment of the meeting if needed to solicit more votes or establish quorum.

• No shareholder proposals were received for this meeting.

Board of directors and corporate governance

• Board consists of four members; three are independent per Nasdaq standards.

• Board diversity matrix: 1 female, 3 male, all white.

• Three standing committees: audit, compensation, and nominating/governance, all comprised of independent directors.

• Regular executive sessions held for independent directors.

• Board held 12 meetings in 2023; all directors attended at least 75% of meetings.