Streamex Corp. 8-K/A

What Happened

• Streamex Corp. (STEX) filed an amendment to a prior 8‑K to correct disclosure about a stockholder vote held Sept. 5, 2025. The company has determined that Proposal 6 (to classify the board into three staggered classes) did not receive the required affirmative vote of a majority of the outstanding voting power as of the July 30, 2025 record date under Delaware law (Section 242, DGCL).
• Despite filing an amendment to its Certificate of Incorporation with the Delaware Secretary of State on Nov. 19, 2025 and conducting an Annual Meeting under the classified structure on Dec. 30, 2025, the Board has concluded the Classified Board Proposal was not duly adopted and is therefore of no force or effect.

Key Details

• Special Meeting date: Sept. 5, 2025; record date: July 30, 2025.
• Reported vote totals on the Classified Board Proposal: 15,424,979 “for,” 1,009,783 “against,” 203,852 abstentions, and 3,483,433 broker non‑votes.
• Delaware filing date for the (now-invalid) amendment: Nov. 19, 2025. Annual Meeting held: Dec. 30, 2025.
• Directors validly elected at Dec. 30, 2025 meeting: Morgan Lekstrom and Karl Henry McPhie (will serve until the next annual meeting). Incumbents Kevin Gopaul and Donald Browne were not up for election and remain holdover directors.

Why It Matters

• This filing clarifies Streamex’s corporate governance: the attempted move to a classified (staggered) board failed and is rescinded, so all directors will continue to serve under the prior annual-election structure and remain generally removable under DGCL §141(k).
• For investors, the change affects board continuity and the mechanics for director replacement and potential board control—important for votes, activist campaigns, and governance expectations. The company amended its earlier 8‑K to correct its prior disclosure about the vote outcome.