
As of October 28, 2024 , the record date for the Annual Meeting, there were a total of 232,618,399 shares of common stock outstanding and entitled to vote at the Annual Meeting, comprised of 208,618,399 shares of Class A Common Stock (each with one vote per share) and 24,000,000 shares of Class B Common Stock (each with ten votes per share). At the Annual Meeting, holders of 207,347,538 shares of common stock, representing 423,347,538 votes, entitled to vote at the meeting were represented in person or by proxy and, therefore, a quorum constituted of the majority of the voting power of the shares of common stock issued and outstanding and entitled to vote at the Annual Meeting was present. The following is a brief description of each matter voted upon at the 2024 Annual Meeting and the numbers of votes cast for, withheld, or against, the number of abstentions, and the number of broker non-votes with respect to each other, as applicable. 1. Election of six nominees to serve on the Board of Directors (the "Board") for a term which will expire at the 2025 annual meeting of stockholders, or, if Proposal Two is adopted, to hold office until the annual meeting of stockholders in accordance with the class of director to which each nominee will be assigned. The following six directors were elected by the votes as indicated below. The totals above include the 240,000,000 votes represented by the Class B shares of Common Stock. 12,000,000 shares of Class B Common Stock (representing 120,000,00 votes) were voted "FOR" and 12,000,000 shares of Class B Common stock (representing 120,000,00 votes) were voted "WITHHELD" for each of the Directors other than Albert Schultz . All shares of Class B Common Stock were voted "FOR" the election of Albert Schultz . Excluding the 240,000,000 votes from the 24,000,000 shares of Class B Common Stock from the totals above, the 183,347,538 shares of Class A Common Stock were voted as indicated below. 2. Amendment to the Company's Restated Certificate of Incorporation to classify the Board of Directors into three classes, with directors in each class to serve staggered three-year terms. Pursuant to the Restated Certificate of Incorporation, Proposal Two must receive the affirmative vote of the holders of at least a majority of the voting power of all of the then-outstanding shares of the capital stock of the Company entitled to vote generally in the election of directors, voting together as a single class, since directors representing two-thirds (2/3) of the total number of authorized directors have already approved. The amendment was not approved 2 by the votes as indicated below: Because Proposal Two was not approved, the six directors elected pursuant to Proposal One will serve on the Board for a term which will expire at the 2025 annual meeting of stockholders. 3. Ratification of the appointment of UHY LLP as the Company's independent registered public accounting firm for the fiscal year ending December 31, 2024 . The selection was ratified by the votes as indicated below: Note 1: Includes 120,000,000 votes of the 12,000,000 shares of Class B Common Stock held by White Marble LLC and White Marble International Limited (together, the "White Marble Entities") controlled by Dr. Xiaodi Hou . Note 2: The White Marble Entities have filed an action in the Delaware Court of Chancery seeking a declaratory judgment that the voting agreement between White Marble and Mo Chen is invalid and White Marble, not Mo Chen , controls the vote. White Marble LLC v. Chen , C.A. No. 2024-1208-PAF (Del. Ch.) On December 13, 2024 , the Court entered an order that allows the Company to hold the vote on Proposal Two, and ordered that if Proposal Two is not approved at the Annual Meeting but the Court determines in the Action that Mo Chen , not the White Marble Entities, control how the White Marble Entities' Shares are voted, then the White Marble Entities' shares shall be deemed to have been voted in favor of Proposal Two at the Annual Meeting and that such vote shall stand. The vote totals above include the votes of the shares held by the White Marble Entities as voted by the White Marble Entities. If the shares held by the White Marble entities reflected in the totals above are deemed to have been voted in favor of Proposal Two, the Proposal will have passed. Accordingly, if the Court rules in Mo Chen's favor, Proposal Two will be deemed to have passed and the Company would be permitted to amend its Certificate of Incorporation to implement Proposal Two and each of the directors elected pursuant to Proposal One will serve on the Board until the annual meeting of stockholders in accordance with the class of director to which each nominee is assigned. About CreateAI CreateAI (formerly TuSimple) is a global artificial intelligence company with offices in US, China , and Japan . The company is pioneering the future of digital entertainment content production, seamlessly blending cutting-edge generative AI technology with the creativity of world-class talent. Our mission is to redefine the boundaries of what's possible in digital storytelling by developing immersive, captivating, and visually stunning experiences that resonate with audiences on a global scale. Investor Relations Contact: ICR for CreateAI CreateAI.IR@icrinc.com View original content to download multimedia: https://www.prnewswire.com/news-releases/createai-announces-results-of-2024-annual-meeting-of-stockholders-302338618.html SOURCE CreateAI Holdings Inc
NoneOn December 18, 2024, Senators Mike Lee (R-UT) and Jeff Merkley (D-OR) introduced the bipartisan Auto Data Privacy and Autonomy Act (the Bill) to restore vehicle owners’ control over their personal data. Representative Eric Burlison (R-MO) leads the companion bill in the House of Representatives. The text of the Bill outlines that the Bill is seeking to “prevent covered vehicle manufacturers from accessing, selling, or otherwise selling certain covered vehicle data, and for other purposes.” According to a Press Release from the Senators, connected vehicles are projected to make up 95% of all new vehicles on the road by 2030. The Bill provides vehicle owners with essential rights and protections by: Requiring Informed Consent: Mandating that original equipment manufacturers (OEMs) establish opt-in features for vehicle data collection. Restricting Data Sharing: Prohibiting OEMs from sharing, selling, or leasing collected customer data without explicit consent, with narrow exceptions required by law. Protecting National Security: Barring data sharing with adversarial nations. Ensuring Transparency: Directing the Federal Trade Commission (FTC) to report to Congress on data collection practices. Empowering Owners: Allowing vehicle owners access to their vehicle’s data through technology-neutral standards set by the National Institute of Standards and Technology (NIST). Enabling Data Deletion: Giving owners the right to delete their data after connecting to a vehicle. Balancing Interests: Protecting OEM confidential business information while safeguarding consumer rights. The Bill also requires the FTC to submit a report (the Report), within 180 days after the date of enactment, on the current practices employed for "operator data" to the Senate Committee on Commerce, Science, and Transportation and the House Committee on Energy and Commerce. Pursuant to the Bill, ‘‘operator data’’ is defined as: The Report will require the FTC to outline: Within one year after the FTC submits the Report(s), the Bill would require the FTC, NIST director, vehicle manufacturers, vehicle owners, and other agencies, as necessary, to collaborate to establish one or more standards for a technology-neutral, standards-based, secure interface. The standards decided on would be reviewed in five years and then every five years thereafter.SUNY Poly lecture discusses search for extraterrestrial lifeNew Delhi, Dec 29 (PTI) Six of the top-10 most valued firms together added ₹ 86,847.88 crore in market valuation last week, with HDFC Bank and Reliance Industries emerging as the biggest gainers in line with an overall optimistic trend in equities. Last week, the BSE benchmark climbed 657.48 points or 0.84 per cent, and the Nifty rose 225.9 points or 0.95 per cent. While Reliance Industries, HDFC Bank, ICICI Bank, Bharti Airtel, ITC and Hindustan Unilever were the winners, Tata Consultancy Services (TCS), Infosys, State Bank of India and Life Insurance Corporation of India (LIC) suffered erosion from their market valuation. The market capitalisation (mcap) of HDFC Bank surged by ₹ 20,235.95 crore to ₹ 13,74,945.30 crore. Reliance Industries added ₹ 20,230.9 crore, taking its valuation to ₹ 16,52,235.07 crore. The valuation of ITC jumped ₹ 17,933.49 crore to ₹ 5,99,185.81 crore, and that of ICICI Bank climbed ₹ 15,254.01 crore to ₹ 9,22,703.05 crore. The market cap of Bharti Airtel soared ₹ 11,948.24 crore to ₹ 9,10,735.22 crore, and Hindustan Unilever rallied ₹ 1,245.29 crore to ₹ 5,49,863.10 crore. However, the valuation of State Bank of India tumbled by ₹ 11,557.39 crore to ₹ 7,13,567.99 crore. The valuation of LIC declined by ₹ 8,412.24 crore to ₹ 5,61,406.80 crore, and that of Infosys dropped by ₹ 2,283.75 crore to ₹ 7,95,803.15 crore. The market valuation of TCS dipped ₹ 36.18 crore to ₹ 15,08,000.79 crore. Reliance Industries remained the most valued domestic firm, followed by TCS, HDFC Bank, ICICI Bank, Bharti Airtel, Infosys, State Bank of India, ITC, LIC and Hindustan Unilever.
Which Stock Will Soar Higher? AI Champions Face Off( MENAFN - EIN Presswire) Elephant Robotics celebrates 2024 success with innovative robot launches and global achievements, showcasing versatile applications across various industries. Marketing & Sales team Elephant Robotics +86 181 2384 1923 email us here Visit us on social media: Facebook X LinkedIn Instagram YouTube TikTok Other Legal Disclaimer: EIN Presswire provides this news content "as is" without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above. MENAFN29122024003118003196ID1109040157 Legal Disclaimer: MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.
Damning allegations against the Adani GroupNEW YORK (AP) — The man accused of fatally shooting the CEO of UnitedHealthcare pleaded not guilty on Monday to state murder and terror charges while his attorney complained that comments coming from New York’s mayor would make it tough to receive a fair trial. Luigi Mangione, 26, was shackled and seated in a Manhattan court when he leaned over to a microphone to enter his plea. The Manhattan district attorney charged him last week with multiple counts of murder, including murder as an act of terrorism . Mangione's initial appearance in New York’s state trial court was preempted by federal prosecutors bringing their own charges over the shooting. The federal charges could carry the possibility of the death penalty, while the maximum sentence for the state charges is life in prison without parole. Prosecutors have said the two cases will proceed on parallel tracks , with the state charges expected to go to trial first. One of Mangione’s attorneys told a judge that the “warring jurisdictions" had turned Mangione into a “human ping-pong ball” and that New York City Mayor Eric Adams and other government officials had made him a political pawn, robbing him of his rights as a defendant and tainting the jury pool. “I am very concerned about my client’s right to a fair trial,” lawyer Karen Friedman Agnifilo said. Adams and Police Commissioner Jessica Tisch stood among a throng of heavily armed officers last Thursday when Mangione was flown to a Manhattan heliport and escorted up a pier after being extradited from Pennsylvania. Friedman Agnifilo said police turned Mangione’s return to New York into a choreographed spectacle. She called out Adams' comment to a local TV station that he wanted to be there to look “him in the eye and say, ‘you carried out this terroristic act in my city.’” “He was on display for everyone to see in the biggest stage perp walk I’ve ever seen in my career. It was absolutely unnecessary,” she said. She also accused federal and state prosecutors of advancing conflicting legal theories, calling their approach confusing and highly unusual. In a statement, Adams spokesperson Kayla Mamelak Altus wrote: “Critics can say all they want, but showing up to support our law enforcement and sending the message to New Yorkers that violence and vitriol have no place in our city is who Mayor Eric Adams is to his core.” “The cold-blooded assassination of Brian Thompson — a father of two — and the terror it infused on the streets of New York City for days has since been sickeningly glorified, shining a spotlight on the darkest corners of the internet,” Mamelak Altus said. State trial court Judge Gregory Carro said he has little control over what happens outside the courtroom, but can guarantee Mangione will receive a fair trial. Authorities say Mangione gunned down Thompson as he was walking to an investor conference in midtown Manhattan on the morning of Dec 4. Mangione was arrested in a Pennsylvania McDonald’s after a five-day search, carrying a gun that matched the one used in the shooting and a fake ID, police said. He also was carrying a notebook expressing hostility toward the health insurance industry and especially wealthy executives, according to federal prosecutors. At a news conference last week, Manhattan District Attorney Alvin Bragg said the application of the terrorism law reflected the severity of a “frightening, well-planned, targeted murder that was intended to cause shock and attention and intimidation.” “In its most basic terms, this was a killing that was intended to evoke terror,” he added. Mangione is being held in a Brooklyn federal jail alongside several other high-profile defendants, including Sean “Diddy” Combs and Sam Bankman-Fried. During his court appearance Monday, he smiled at times when talking with his attorneys and stretched his right hand after an officer removed his cuffs. Outside the courthouse, a few dozen supporters chanted, “Free Luigi,” over the blare of a trumpet. Natalie Monarrez, a 55-year-old Staten Island resident, said she joined the demonstration because she lost both her mother and her life savings as a result of denied insurance claims. “As extreme as it was, it jolted the conversation that we need to deal with this issue,” she said of the shooting. “Enough is enough, people are fed up.” An Ivy-league graduate from a prominent Maryland family, Mangione appeared to have cut himself off from family and friends in recent months. He posted frequently in online forums about his struggles with back pain. He was never a UnitedHealthcare client , according to the insurer. Thompson, a married father of two high-schoolers, had worked at the giant UnitedHealth Group for 20 years and became CEO of its insurance arm in 2021. The killing has prompted some to voice their resentment at U.S. health insurers, with Mangione serving as a stand-in for frustrations over coverage denials and hefty medical bills. It also has sent shockwaves through the corporate world , rattling executives who say they have received a spike in threats.