LiveOne, Inc. Adopts 2026 Equity Incentive Plan; Board Re-elected

What Happened

• LiveOne, Inc. (LVO) announced on September 17, 2026 that its board adopted—and shareholders approved at the Annual Meeting—the LiveOne 2026 Equity Incentive Plan (the "2026 Plan"), which reserves 4,000,000 shares of common stock for issuance. The 2026 Plan replaces the company’s prior 2016 Equity Incentive Plan, which expired in August 2026. The Annual Meeting also re-elected all seven director nominees and ratified the appointment of Macias Gini & O’Connell, LLP as the company’s independent registered public accounting firm.

Key Details

• Plan size and status: 4,000,000 shares reserved under the 2026 Plan; as of the 8‑K filing no awards or shares had been issued under the plan.
• Types of awards authorized: nonqualified stock options, incentive stock options (under IRC §422), restricted stock awards, restricted stock units, performance shares/units, stock awards, and stock appreciation rights (SARs).
• Option/pricing rules: exercise price generally not below fair market value at grant; for ISOs to owners of >10% voting power, exercise price must be at least 110% of fair market value at grant.
• Administration and term: administered by the Compensation Committee (or Board); plan term up to 10 years from adoption; Board can amend but increases in reserved shares or reduced minimum exercise prices require shareholder approval within one year.
• Annual Meeting votes (Sept. 17, 2026): all seven directors elected (each received ~5.108 million "For" votes, ~47k "Withheld", and 3,408,980 broker non-votes); 2026 Plan approved — For 4,511,114; Against 624,075; Abstain 20,777; Broker non-vote 3,408,981; Auditor ratification — For 8,430,988; Against 132,537; Abstain 1,423.

Why It Matters

• For investors, the key takeaways are the potential for future dilution (4,000,000 shares reserved for equity awards) and the company’s ability to grant stock‑based incentives to employees, directors and consultants. While no awards have been issued yet, the plan gives LiveOne flexibility to use equity to compensate and retain personnel. Shareholder approval and auditor ratification also indicate governance matters passed at the meeting.