Navitas Semiconductor Corporation reported the results of its 2026 annual meeting of stockholders held on June 25, 2026. Shareholders elected three directors but did not approve a proposal to declassify the board of directors. Other proposals, including the approval of executive compensation and the ratification of the company's auditor, were passed.
Key Details
- Director Election: Shareholders elected Brian Long, David Moxam, and Dipender Saluja to the board of directors.
- Board Declassification Fails: Proposal 2, which sought to amend the company's certificate of incorporation to declassify the board, was not approved. As a result, the newly elected directors will serve until the 2029 annual meeting.
- Other Proposals Approved: Shareholders approved, on an advisory basis, the company's executive compensation and ratified the appointment of KPMG LLP as the independent registered public accounting firm for the fiscal year ending December 31, 2026.