Safe & Green Holdings Corp. (NASDAQ: SGBX) announced that its 2025 Annual Meeting of Stockholders, originally convened on December 29, 2025, was adjourned because a quorum of stockholders was not present. No business was conducted during the initial meeting. The company will reconvene the meeting virtually on January 14, 2026, at 1:00 p.m. Eastern Time.
At the reconvened meeting, stockholders will vote on the proposals detailed in the company's definitive proxy statement, which was filed with the U.S. Securities and Exchange Commission on December 19, 2025. The record date for determining stockholders eligible to vote remains November 21, 2025. Proxies previously submitted by stockholders will be voted at the reconvened meeting unless they are properly revoked. The company stated it will continue soliciting proxies from stockholders during the adjournment period.
No changes have been made to the proposals outlined in the proxy materials. These materials remain available for review by the public on the SEC's website. The full press release regarding the adjournment is accessible at https://nnw.fm/f5eUd. The latest news and updates relating to SGBX are available in the company's newsroom at https://nnw.fm/SGBX.
This development is significant for investors and market observers as the failure to achieve a quorum at a scheduled annual meeting can signal potential issues with shareholder engagement or dissatisfaction. Annual meetings are critical corporate governance events where shareholders exercise their voting rights on key matters, including the election of directors, executive compensation, and other proposals that can shape company strategy and oversight.
The adjournment and subsequent virtual reconvening introduce a delay in these important governance decisions. For a company like Safe & Green Holdings, which operates in the modular solutions sector focusing on development, design, and fabrication of modular structures, maintaining strong investor confidence and transparent governance is essential. The company supports third-party and in-house developers, architects, builders, and owners in achieving faster execution, greener construction, and buildings of higher value.
The outcome of the votes at the reconvened meeting could impact the company's strategic direction and leadership. Investors should monitor whether the company successfully achieves a quorum in January and the results of the shareholder votes. The situation underscores the importance of shareholder participation in corporate governance and the mechanisms companies use to facilitate it, such as virtual meeting platforms. The continued proxy solicitation effort during the adjournment period will be crucial for the company to secure the necessary participation for a valid meeting.
