1. Payoneer's 2025 stockholder meeting was adjourned to gather more votes. 2. Proposals involve declassifying the board and amending bylaws with a majority vote. 3. The meeting reconvenes on June 16, 2025, for further voting. 4. Stockholders are encouraged to submit their proxies promptly. 5. Payoneer aims to empower SMBs in the global economy.
The adjournment allows more shareholder engagement, potentially leading to favorable decisions. Historical cases show positive market responses to increased investor participation.
The proposals could significantly alter governance, affecting investor confidence and stock performance. Higher influence due to the nature of governance changes.
The immediate reconvening of the shareholder meeting can quickly influence PAYO's stock price. Recent examples from other tech firms suggest rapid price movements around such events.
NEW YORK--(BUSINESS WIRE)--Payoneer Global Inc. (“Payoneer” or the “Company”) (NASDAQ: PAYO), the global financial technology company powering business growth across borders, today announced that the Company’s 2025 Annual Meeting of Stockholders (the “Meeting”) was convened on June 10, 2025, at 8:00 a.m. (Eastern Time) and was adjourned with respect to the proposal to begin a process to declassify the board of directors of the Company (identified as Proposal 4 in the Proxy Statement (defined below)) and the proposal that would allow stockholders to amend the Company’s bylaws and approve amendments to the Company’s certificate of incorporation with a simple majority vote (identified as Proposal 5 in the Proxy Statement). The Company will announce the results concerning the other proposals presented at the Meeting in a Current Report on Form 8-K to be filed with the U.S. Securities and Exchange Commission (the “SEC”).
The Meeting was adjourned with respect to Proposals 4 and 5 to allow additional time for stockholders to submit proxies on Proposals 4 and 5, which are set forth in the Company’s definitive proxy statement filed with the SEC on April 28, 2025 (the “Proxy Statement”).
The Meeting will reconvene with respect to Proposals 4 and 5 on June 16, 2025, at 8:30 a.m. (Eastern Time) virtually at www.virtualshareholdermeeting.com/PAYO2025. The record date for the Meeting remains the same, April 14, 2025. Stockholders of record may attend the virtual webcast meeting on June 16, 2025, 8:30 a.m. (Eastern Time) by logging in to the website above. During the adjournment, the Company will continue to solicit votes from its stockholders regarding Proposals 4 and 5 set forth in the Proxy Statement. Stockholders who have already submitted their proxies to have their shares voted on Proposals 4 and 5 do not need to re-submit proxies. Proxies previously submitted in respect of Proposals 4 and 5 will be voted at the reconvened Meeting. Any proxies submitted in respect of the other proposals contained within the Proxy Statement will not affect the outcome of such proposals, as the polls for such proposals are now closed.
Stockholders may use the proxy card that they were originally provided with or vote in the manner as set forth in the Proxy Statement. Stockholders who have questions or require any assistance in submitting their proxies to have their shares voted with respect to Proposals 4 and 5 may contact the Company’s proxy solicitor, Sodali & Co., toll-free at (800) 662-5200.
Payoneer encourages all stockholders of record that have not yet submitted proxies to submit proxies in favor of Proposals 4 and 5 and to do so promptly.
About Payoneer
Payoneer is the financial technology company empowering the world’s small and medium-sized businesses to transact, do business, and grow globally. Payoneer was founded in 2005 with the belief that talent is equally distributed, but opportunity is not. It is our mission to enable any entrepreneur and business anywhere to participate and succeed in an increasingly digital global economy. Since our founding, we have built a global financial stack that removes barriers and simplifies cross-border commerce. We make it easier for millions of SMBs, particularly in emerging markets, to connect to the global economy, pay and get paid, manage their funds across multiple currencies, and grow their businesses.