GlobalTech Corporation recently held its 2024 Annual Meeting of Stockholders where several key changes were approved. These changes include an increase in the number of authorized shares from 10 million to 500 million, authorization of 50 million shares of blank check preferred stock, and amendments that permit the board to set the terms for the preferred stock without further stockholder approval. Additional amendments clarify indemnification policies for directors and officers and exclude the company from certain Nevada state laws regarding stockholder actions. These amendments are described in detail in the company's earlier Proxy Statement and are now effective with the Secretary of State of Nevada.
Names mentioned: - GlobalTech Corporation - Elko Broadband Inc - Dana Green (Chief Executive Officer)