Local Bounti’s Significant Corporate Governance Decisions at Annual Meeting

Local Bounti Corporation (LOCL) has provided an update.

Local Bounti Corporation’s 2024 annual stockholders’ meeting saw significant decisions made, including the amendment of its Certificate of Incorporation to limit officer liability, in line with Delaware law. Additionally, the company’s Bylaws were updated to reflect new proxy requirements and Delaware law changes. Stockholders actively participated, with an 81% quorum, electing three Class III directors, approving further shares for awards under the Plan, and ratifying the appointment of their independent public accounting firm for the upcoming year.

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