SLMT: Solmate (SLMT) shareholders re-elect full board, reject RockawayX activist push

AI Summary

At its 2026 AGM Solmate Infrastructure (NASDAQ: SLMT) shareholders re-elected all five director nominees with support between ~61.8% and 69.3% on 71.49% turnout and ratified the company’s auditor (99.08%). The company says shareholders rebuffed RBCH/RockawayX’s control campaign, plans to pursue claims against them, and noted a derivative suit and an adjourned portion of the meeting remain outstanding.

Positives

All five directors re-elected with support ranging ~61.8%–69.3% on 71.49% turnout
Appointment of Reliant CPA PC as auditor ratified by ~99.08% of votes
Shareholders rejected RBCH/RockawayX’s vote-no/control campaign according to company

Negatives

RBCH/RockawayX filed a derivative lawsuit and ran a coordinated campaign, creating a litigation/governance overhang
Several directors still received ~38% 'against' votes, indicating a significant dissenting minority
AGM was adjourned and remaining formal business will be reconvened later, leaving some matters unresolved