Odyssey Marine Exploration Inc: equity plan adopted; 1-for-25 reverse split

What happened

• On Oct 15, 2026, the board of directors "adopted and approved, subject to stockholder approval, a 2026 Equity Incentive Plan (the '2026 Plan')." A summary of the 2026 Plan is included in Amendment No. 5 to the registration statement filed Oct 7, 2026 and will be proposed at a special meeting of stockholders.
• On Oct 16, 2026, the company issued a press release announcing that the Registration Statement was declared effective by the SEC at 4:30 Eastern Time on Oct 15, 2026, and that it intends to implement a 1-for-25 reverse stock split of its common stock on Oct 28, 2026, to holders of record as of the close of business on Oct 26, 2026. The common stock will begin trading on a reverse split–adjusted basis when the market opens on Oct 29, 2026.

Key details

• Board action: adopted and approved, subject to stockholder approval, the 2026 Equity Incentive Plan (described in Amendment No. 5 to the registration statement filed Oct 7, 2026).
• SEC action: Registration Statement declared effective by the SEC at 4:30 Eastern Time on Oct 15, 2026.
• Reverse split: 1-for-25 reverse stock split to be implemented Oct 28, 2026 for holders of record as of the close of business on Oct 26, 2026; trading on a split-adjusted basis begins Oct 29, 2026.
• Press release: issued Oct 16, 2026 and attached as Exhibit 99.1 to the filing.

Why it may matter

• Item reported: Item 5.02 was used to report the board adoption of the 2026 Equity Incentive Plan (a compensatory plan subject to stockholder approval), and Item 8.01 was used to report the effectiveness of the registration statement and the planned 1-for-25 reverse stock split.
• The filing states these actions and dates and attaches the Oct 16, 2026 press release; it does not provide reasons beyond the disclosures in the filing.

The filing does not show why the insider traded or why the company acted.