Envirotech Vehicles, Inc. 8-K

What Happened

• Envirotech Vehicles, Inc. announced on Feb. 3, 2026 (at its reconvened 2025 Annual Meeting) that stockholders approved an amendment to the Envirotech Vehicles 2017 Equity Incentive Plan to increase available shares by 890,000, extend the plan expiration to the 10th anniversary of the amendment approval, and extend the plan’s annual evergreen provision to 2035. The full amended plan is filed as Appendix A to the company’s 2025 proxy.
• The meeting had been previously adjourned on Dec. 30, 2025 and Jan. 20, 2026 for lack of quorum; as of the Nov. 13, 2025 record date there were 4,829,515 shares outstanding and 2,583,798.58 shares (53.50%) were present or represented at the Feb. 3 reconvened meeting, constituting a quorum.
• Stockholders also elected Class II director Jason Maddox (to a term expiring at the 2028 annual meeting), ratified Barton CPA, PLLC as independent auditor for 2025, and approved an advisory (non-binding) vote on executive compensation.

Key Details

• Equity plan amendment: +890,000 shares authorized; plan expiration extended to 10th anniversary of amendment approval; annual evergreen extended to 2035.
• Meeting quorum/record: 4,829,515 shares outstanding (record date Nov. 13, 2025); 2,583,798.58 shares present (53.50%).
• Director election (Proposal 1): Jason Maddox — For 2,037,708; Withheld 195,558.58; Broker non-votes 350,532.
• Vote results (selected): Auditor ratification — For 2,391,203; Against 192,291.58; Advisory pay vote — For 1,913,889; Against 273,519.58; Plan amendment — For 1,941,480; Against 272,419.58; Abstentions and broker non-votes noted where applicable.

Why It Matters

• The approved increase to the equity incentive plan expands the company’s pool of shares for grants to employees, directors and consultants — a tool management can use to attract and retain talent without immediate cash outlays.
• Extending the plan and evergreen provisions lengthens how long the company can issue awards under the plan, which affects potential future dilution and shares available to investors.
• Ratification of the auditor and the election of a director are routine governance items but confirm continuity in management and oversight following the previously adjourned meeting.