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Associated Press
3 days ago
- Business
- Associated Press
Allied Gaming & Entertainment Urges Stockholders to Take Caution Against Misleading and Factually Incorrect Statements Issued by Knighted Pastures Regarding ISS Report
NEW YORK--(BUSINESS WIRE)--Jul 26, 2025-- Allied Gaming & Entertainment, Inc. (NASDAQ: AGAE) (the 'Company', 'AGAE' or 'Allied'), a global experiential entertainment company, announced today that a leading independent proxy advisory firm, Institutional Shareholder Services Inc. ('ISS'), has recommended withhold votes on five of the six director candidates that Knighted Pastures, LLC ('Knighted' or the 'dissident') has proposed at AGAE's upcoming combined 2024/2025 Annual Meeting on August 4, 2025. The Company also urges stockholders to take caution against relying on statements made by Knighted in its press release on the ISS recommendation. Of particular note, Knighted's claim that ISS recommended stockholders to vote for the election of Knighted's Class B director candidates to the Company's Board of Directors is factually incorrect. In fact, ISS recommended that stockholders vote for just one of Knighted's candidates, Roy Choi. Allied has previously offered Roy Choi a Board seat in an attempt to settle the proxy contest and related litigation but Mr. Choi has refused this offer. In addition, ISS recommended stockholders vote against Knighted's proposal to remove Mr. Yangyang Li, AGAE's Chairman of the Board, CEO and President, from the Company's Board of Directors. ISS also recommended stockholders support AGAE's candidate Roy Anderson. Additional findings from the ISS report that AGAE stockholders should consider include: (1) The Allied Gaming Board of Directors has been and remains committed to acting in the best interests of all stockholders and unanimously recommends that stockholders vote 'FOR' all six of AGAE's director nominees standing for election – Jingsheng (Jason) Lu, Guanzhou (Jerry) Qin, Mao Sun, Roy Anderson, Yushi Guo and Chi Zhao – on the WHITE proxy card today. PROTECT YOUR INVESTMENT IN ALLIED GAMING. REJECT ROY CHOI AND HIS NOMINEES BY VOTING THE WHITEPROXY CARD TODAY 'FOR' ALL SIX OF ALLIED GAMING'S NOMINEES, AND 'WITHHOLD' ON THE THREE KNIGHTED NOMINEES WE URGE YOU NOT TO SIGN OR RETURN ANY PROXY CARD OR VOTING INSTRUCTION FORM THAT MAY BE SENT TO YOU BY KNIGHTED. If you have any questions or need assistance in voting your WHITE proxy card, we encourage you to call our proxy advisers, MacKenzie Partners, Inc., Toll-Free at (800) 322-2885 or (212) 929-5500 or by email at [email protected] Advisors Paul Hastings LLP is serving as legal counsel, MacKenzie Partners, Inc. is serving as proxy solicitor and ADDO IR is serving as strategic communications advisor to AGAE. About Allied Gaming & Entertainment Allied Gaming & Entertainment Inc. (Nasdaq: AGAE) is a global experiential entertainment company focused on providing a growing world of gamers and concertgoers with unique experiences through renowned assets, products and services. For more information, visit Forward Looking Statements This press release contains certain forward-looking statements under federal securities laws. Forward-looking statements may include our statements regarding our goals, beliefs, strategies, objectives, plans, including product and service developments, future financial conditions, results or projections or current expectations. In some cases, you can identify forward-looking statements by terminology such as 'may,' 'will,' 'should,' 'expect,' 'plan,' 'anticipate,' 'believe,' 'estimate,' 'predict,' 'potential,' 'intend' or 'continue,' the negative of such terms, or other comparable terminology. Specific forward-looking statements include, but are not limited to, statements regarding our ability to execute on strategic and business plans and drive stockholder value, our projections on Allied Gaming's future financial performance and expense structure and our beliefs on the impact of Knighted director nominations and other actions of Knighted on the performance of the Company. These statements are subject to known and unknown risks, uncertainties, assumptions and other factors, many of which are outside our control, that may cause actual results to be materially different from those contemplated by the forward-looking statements. The inclusion of such information should not be regarded as a representation by us, or any person, that the objectives of Allied Gaming will be achieved. Important factors, among others, that may affect actual results or outcomes include: risks associated with our strategy, future direction or governance; the substantial uncertainties inherent in the acceptance of existing and future products and services; risks associated with our ability to retain key personnel; risks related to our common stock and the listing of our common stock on the Nasdaq Capital Market; risks associated with intellectual property; uncertainty around current and potential litigation and related legal expenses; and general economic, political and market conditions and events. You should consider the areas of risk described in connection with any forward-looking statements that may be made herein and other risk factors discussed from time to time in our filings with the U.S. Securities and Exchange Commission (the 'SEC'), including those factors discussed under the caption 'Risk Factors' in our most recent annual report on Form 10-K, filed with the SEC on June 9, 2025, as well as subsequent reports filed with the SEC. Readers are also urged to carefully review and consider the various disclosures we made in such Annual Report on Form 10-K and in subsequent reports with the SEC. We assume no obligation and do not intend to update these forward-looking statements, except as required by law, to reflect events or circumstances occurring after today's date. View source version on CONTACT: Investor Contact: Addo Investor Relations [email protected] Bob Marese MacKenzie Partners, Inc. 1-800-322-2885 KEYWORD: UNITED STATES NORTH AMERICA NEW YORK INDUSTRY KEYWORD: PROFESSIONAL SERVICES ENTERTAINMENT BUSINESS OTHER ENTERTAINMENT GENERAL ENTERTAINMENT EVENTS/CONCERTS ELECTRONIC GAMES SOURCE: Allied Gaming & Entertainment, Inc. Copyright Business Wire 2025. PUB: 07/26/2025 11:50 AM/DISC: 07/26/2025 11:50 AM
Wall Street Journal
09-07-2025
- Business
- Wall Street Journal
Tesla Shareholders Press Board to Schedule Annual Meeting
Tesla's TSLA -0.65%decrease; red down pointing triangle board of directors faces a looming deadline to schedule its annual shareholder meeting. On Wednesday, a group of 27 shareholders called on Tesla's board of directors to get the yearly meeting on the books, saying that if that didn't happen by July 13, the company would be out of compliance.
Reuters
09-07-2025
- Automotive
- Reuters
Tesla investors ask board to set date for overdue annual shareholder meeting
July 9 (Reuters) - A group of 27 major Tesla (TSLA.O), opens new tab shareholders urged the electric automaker's board on Wednesday to set a date for its annual shareholder meeting this year, citing legal obligations and growing governance concerns. Tesla is close to missing a legal deadline and has not announced this year's meeting, the group consisting of U.S. state treasurers, pension funds and governance experts said in a letter. "Tesla's ongoing silence on the AGM is cause for concern," they said against the backdrop of mounting scrutiny of over CEO Elon Musk's political ambitions and the automaker's falling sales and stock price. The company did not immediately respond to a request for comment. Investor confidence has taken a hit after Musk's public feud with President Donald Trump and the ending of EV tax credits meant to boost sales of green vehicles. Tesla shares are down 27% so far this year. Under Texas law, shareholders can move a court to require the company to hold its annual meeting if it has not done so within 13 months of the previous one. Tesla's last meeting was held in June 2024. The company had in April said it would file its annual proxy statement later than expected as the board had not decided on a date for the annual shareholder meeting. The EV maker had then said the board had formed a special committee to consider some compensation matters involving Musk, without disclosing any details. Last year, shareholders approved Musk's controversial $56 billion compensation package despite a Delaware court ruling that had previously voided it. Tesla is now on track for a second straight year of declining sales as its vehicle deliveries fell 13.5% in the second quarter. Adding to the turbulence, Musk's push to launch a new political party have raised concerns about distractions from Tesla's core business.
The Standard
07-07-2025
- Automotive
- The Standard
Nissan considers Foxconn EV output to save Oppama from closure, Nikkei says
A man stands in front of the global headquarters of Nissan Motor while its annual shareholder meeting is being held in Yokohama, Japan, June 24, 2025. REUTERS/Kim Kyung-Hoon/File Photo
Yahoo
02-07-2025
- Business
- Yahoo
Paramount directors including Shari Redstone face recommendation against re-election
By Dawn Chmielewski LOS ANGELES (Reuters) -Shareholders of Paramount Global, which is waiting for regulatory approval to merge with Skydance Media, will decide Wednesday whether to re-elect four directors, following a recommendation to oppose their return to the company's board. Influential proxy adviser Institutional Shareholder Services advised clients to vote against the four directors standing for re-election, including the media company's chair Shari Redstone, citing "a problematic capital structure." The recommendation is symbolic, because the Redstone family controls 77% of the voting shares of Paramount through a holding company, National Amusements, according to LSEG data. Three new directors also have been nominated to join the board, which would bring the total number of Paramount directors to seven. On the eve of the Paramount's annual shareholder meeting, the company announced it had reached an agreement in principle to resolve a lawsuit filed by U.S. President Donald Trump, which sought $20 billion in damages. The lawsuit alleged the network deceptively edited an interview that aired on its '60 Minutes' news program with then-vice president and presidential candidate Kamala Harris to 'tip the scales in favor of the Democratic Party' in the election. Under the terms of the settlement proposed by a mediator, Paramount will pay a total of $16 million, to be allocated to a future presidential library and cover fees and costs. The settlement resolves all claims regarding any reporting by Paramount-owned CBS News, including the civil suit filed in Texas. The company also agreed to release all future transcripts of interviews with U.S. presidential candidates, after the interviews air on "60 Minutes." The settlement does not include a statement of apology or regret. Lawyers on Monday in a court filing had asked a judge in Texas to delay all proceedings until Thursday, saying the parties are engaged in "good faith, advanced, settlement negotiations". MERGER CBS-parent Paramount Global is seeking approval from the Federal Communications Commission for its $8.4 billion merger with Skydance Media. The company said its settlement with Trump "is completely separate from, and unrelated to, the Skydance transaction." FCC Chair Brendan Carr, who was named chair by Trump on January 20, said last week the commission was continuing to review the transaction. The FCC did not make a decision by the 180-day informal deadline in mid-May. On Wednesday, shareholders will also vote on a proposal to increase the number of shares of common stock and amend the equity plan for outside directors. A stockholder proposal submitted by conservative think-tank National Center for Public Policy Research has called on Paramount to prepare a public report detailing the risks associated with failing to explicitly prohibit discrimination on the basis of viewpoint or ideology in its employment policies. Sign in to access your portfolio
