BREAKING: Tesla delays its 2022 proxy statement, holding up the Stock Split voting

Written by Cláudio Afonso |

Tesla has filed a 10-K/A on Monday morning saying that it will delay filing its 2022 proxy statement past the 120 day deadline from year-end. That means that the previously announced (for voting) stock split will be delayed with no new date appointed. (at which time an increase in authorized shares needed for a stock split would be approved)Check Tesla’s filing here.

“We currently expect that our definitive proxy statement for the 2022 annual meeting of stockholders will be filed later than the 120th day after the end of the last fiscal year.

Accordingly, this Amendment No. 1 to Form 10-K (this “Amendment”) is being filed solely to:
• amend Part III, Items 10, 11, 12, 13 and 14 of the Original Form 10-K to include the information required by such Items;
• delete the reference on the cover of the Original Form 10-K to the incorporation by reference of portions of our proxy statement into Part III
of the Original Form 10-K; and
• file new certifications of our principal executive officer and principal financial officer as exhibits to this Amendment under Item 15 of Part
IV hereof, pursuant to Rule 12b-15 under the Securities Exchange Act of 1934, as amended (the “Exchange Act”).”

According to Gary Black, with today’s 10-K/A filing, Tesla can delay its 2022 AGM for as long as it wants. In 2021, Tesla delayed its 2021 proxy on April 30 and finally issued it on August 13 for its AGM on July 10, 2021.

Written by Cláudio Afonso |