Safe & Green Holdings Adjourns Annual Meeting Due to Lack of Quorum, Sets Reconvened Date

Safe & Green Holdings Corp. (NASDAQ: SGBX) announced that its 2025 Annual Meeting of Stockholders, which was convened on January 14, 2026, was adjourned because a quorum was not present either in person or by proxy. This procedural setback resulted in no business being conducted during the initial meeting. The company confirmed that the Annual Meeting will reconvene virtually on January 28, 2026, at 1:00 p.m. Eastern Time. At that time, stockholders will vote on the proposals outlined in the definitive proxy statement the company filed with the Securities and Exchange Commission on December 19, 2025. The record date for determining stockholders entitled to vote remains November 21, 2025.

During the adjournment period, the company stated it will continue soliciting proxies from its stockholders. It clarified that previously submitted proxies will be voted at the reconvened meeting unless they are properly revoked. The company also noted that no changes have been made to the proposals or the related proxy materials since the original filing. The adjournment due to lack of quorum is a significant event as it prevents the company from conducting essential shareholder votes, which can include the election of directors, ratification of auditors, and approval of executive compensation plans. This delay can impact corporate governance timelines and strategic planning.

The inability to achieve a quorum may reflect broader challenges in shareholder participation or communication. For investors, this development underscores the importance of active engagement in corporate governance processes. The company's ongoing proxy solicitation efforts aim to secure the necessary participation for the reconvened meeting. The latest news and updates relating to SGBX are available in the company’s newsroom at https://ibn.fm/SGBX. The full press release regarding the adjournment can be viewed at https://ibn.fm/eJsy9. The adjournment and subsequent reconvening process are governed by the company’s bylaws and state corporate law, which typically require a majority of outstanding shares to be represented for a quorum.

This event matters because it highlights a potential disconnect between the company and its investor base, which can signal governance issues or lack of shareholder confidence. For a publicly traded company like Safe & Green Holdings, which operates in the modular solutions sector, efficient shareholder meetings are crucial for validating leadership decisions and maintaining regulatory compliance. Delays in conducting annual meetings can postpone important corporate actions and create uncertainty in the market. The company’s focus on continuing to solicit proxies indicates a proactive approach to resolving the quorum issue, but the initial failure to meet this basic requirement raises questions about stockholder engagement levels. The outcome of the reconvened meeting will be critical for the company’s ability to move forward with its stated proposals and governance agenda.