Owlet, Inc. Annual Meeting: Directors Elected; 2021 Plan +600K Shares

What Happened

• Owlet, Inc. (OWLT) held its 2026 annual meeting on August 12, 2026 and filed an 8-K reporting the results. Stockholders approved Amendment No. 3 to the 2021 Incentive Award Plan to add 600,000 shares to the pool available for awards (subject to the plan’s annual increase provisions).
• The company elected two Class II directors—Marc F. Stoll and Kurt Workman—to terms running until the 2029 annual meeting. Stockholders also approved the company’s named executive officer compensation in a non‑binding vote (say-on-pay), voted to hold future say-on-pay votes annually, and ratified PricewaterhouseCoopers LLP as the independent auditor for fiscal 2026.

Key Details

• Record date (June 15, 2026) outstanding voting power: 29,063,954 Class A shares; Series A: 11,479 shares (1,673,320 votes); Series B: 9,250 shares (1,199,348 votes).
• 2021 Plan amendment: additional 600,000 shares approved; amendment is filed as Exhibit 10.1 to the 8-K.
• Director election votes:
  • Marc F. Stoll — For: 17,351,840; Withhold: 3,247,162; Broker non‑votes: 2,728,342.
  • Kurt Workman — For: 17,356,962; Withhold: 3,242,040; Broker non‑votes: 2,728,342.
• Say-on-pay: For 17,472,817; Against 3,076,580; Abstentions 49,605; Broker non‑votes 2,728,342.
• Say-on-pay frequency: annual favored — 1 year: 20,104,741 votes.
• Auditor ratification: PwC ratified — For 22,558,886; Against 757,051; Abstentions 11,407.
• Vote on 2021 Plan amendment by class: Series A For 1,394,457; Series B For 1,074,356; Combined classes (Common + Preferred) For 15,195,347; Against 5,379,951; Abstentions 23,704.

Why It Matters

• The approved 600,000‑share increase expands the pool of equity awards management can grant; over time this can modestly increase the company’s diluted share count and affects how equity compensation is funded (important for shareholders tracking dilution).
• Re-election of the two directors and ratification of PwC signal continuity in governance and oversight; the annual say-on-pay vote aligns with shareholder preference for yearly compensation approval.
• There were no announced executive departures or changes to financial results in this filing; the 8-K focuses on governance and equity‑compensation authorization.