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$MAMO·8-K

Massimo Group · May 28, 4:10 PM ET

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Massimo Group 8-K

Research Summary

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Updated

Massimo Group Reports 2026 Annual Meeting Results; Directors Elected

What Happened

  • Massimo Group (MAMO) held its 2026 annual meeting on May 27, 2026 and reported voting results in an 8-K filed May 28, 2026. Of 41,640,950 shares eligible, 35,424,113 were voted (85.07%).
  • All four director nominees were elected for one-year terms:
    • David Shan: For 32,516,659; Against 7,929; Withheld 45,413 (broker non-votes 2,854,112)
    • Paolo Pietrogrande: For 32,502,067; Against 36,520; Withheld 31,414 (broker non-votes 2,854,112)
    • Mark Sheffield: For 32,515,544; Against 9,043; Withheld 45,414 (broker non-votes 2,854,112)
    • Ting Zhu: For 32,515,589; Against 23,008; Withheld 31,404 (broker non-votes 2,854,112)
  • Stockholders ratified HHL LLP as the Company’s independent auditors for fiscal 2026 (For 35,216,134; Against 12,298; Abstain 195,681).
  • Advisory votes on executive compensation passed and shareholders voted for annual advisory votes on pay (say-on-pay): executive compensation — For 32,503,896; Against 37,206; Abstain 28,899 (broker non-votes 2,854,112). Vote on frequency: One year — 32,552,858; Two years — 3,817; Three years — 7,932; Abstain — 5,394.

Key Details

  • Total shares eligible to vote: 41,640,950; shares voted: 35,424,113 (85.07% turnout).
  • All four nominees elected; broker non-votes for director elections: 2,854,112.
  • Auditor ratification: HHL LLP approved for fiscal year ending Dec 31, 2026 (35.2M For).
  • Say-on-pay: non-binding approval of executive compensation and annual advisory votes supported by a majority.

Why It Matters

  • Board continuity: Re-election of all nominees maintains current board composition and leadership continuity for the coming year.
  • Audit oversight: Ratification of HHL LLP confirms the auditor responsible for the company’s 2026 financial statements and audit work.
  • Shareholder governance: Passage of the non-binding say-on-pay and a one-year frequency means investors will continue to vote on executive compensation annually, reflecting active shareholder engagement.
  • High turnout (85%) indicates strong investor participation in these governance decisions.

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