Snail, Inc. 8-K

What Happened Snail, Inc. (SNAL) filed an 8-K reporting the results of its 2026 Annual Meeting of Stockholders held on June 19, 2025. As of the April 15, 2025 record date there were 13,873,422 shares of Class A common stock (1 vote each) and 28,748,580 shares of Class B common stock (10 votes each) outstanding. Holders representing 291,710,391 votes (96.8% of voting power) were present or represented by proxy, constituting a quorum. Stockholders elected all eight director nominees and ratified the appointment of BDO USA, P.C. as the company’s independent registered public accounting firm for fiscal year 2026.

Key Details

• Record date (April 15, 2025): 13,873,422 Class A shares; 28,748,580 Class B shares (Class B = 10 votes/share).
• Quorum: 291,710,391 votes present or by proxy, 96.8% of total voting power.
• Directors elected (votes for / votes withheld; broker non-votes 3,622,465 for each nominee):
  • Hai Shi: 288,004,441 For; 83,485 Withheld
  • Jim Tsai: 288,002,004 For; 85,922 Withheld
  • Heidy Chow: 287,902,743 For; 185,183 Withheld
  • Peter Kang: 287,950,693 For; 137,233 Withheld
  • Ying Zhou: 287,950,293 For; 137,633 Withheld
  • Neil Foster: 288,009,601 For; 78,325 Withheld
  • Sandra Pundmann: 287,955,605 For; 132,321 Withheld
  • Ryan Jamieson: 288,008,487 For; 79,439 Withheld
• Auditor ratification vote: BDO USA, P.C. ratified with 291,440,661 For; 204,581 Against; 65,149 Abstentions.

Why It Matters The filing confirms the company’s board composition and auditor for 2026, providing governance clarity for investors. The strong turnout (96.8% of voting power) and decisive votes in favor indicate shareholder support for the slate of directors and the auditor appointment. No other matters were presented for stockholder approval at the meeting.