Faraday Future Intelligent Electric Inc. Common Stock AGM 2026
Review the key takeaways and the transcript of this earnings call.
- The special meeting of stockholders of Faraday Future Intelligent Electric Inc was held in accordance with the proxy statement mailed on or about July 15th, 2026, to stockholders of record as of June 17th, 2026.
- There were 346,161,912 shares of common stock, 5,071,258 shares of series B Preferred stock, and 11,502 shares of series C Convertible Preferred Stock outstanding and entitled to vote.
- A quorum was established with common stockholders holding at least one third of the outstanding shares entitled to vote present in person or by proxy.
- Three proposals were considered: approval of issuance of Class A common stock to holders of certain convertible notes, approval of an amendment to change the company name to Faraday Future Physical AI Ecosystem, Inc., and approval of one or more adjournments of the special meeting to permit further solicitation of proxies if necessary.
- Proposals one and three were approved based on a preliminary count of shares voted by proxy.
- The official voting results will be reported in a Form 8-K filed with the SEC within four business days.
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Transcript
Preview the first five paragraphs, organized by speaker.
Good morning, and thank you all for attending this special meeting of stockholders. My name is Koti Meka, and I am the CFO of Faraday Future Intelligent Electric Inc. Pursuant to the company's bylaws, I will act as Chairman of today's meeting, and Todd Harrington, our General Counsel and Corporate Secretary, will act as Secretary of today's meeting. I am joined virtually by members of the Board of Directors, each of whom is a nominee for election, and other members of our executive management team. For purposes of today's meeting, the company has appointed Jim Reid, a representative of American Election Services, LLC, as Inspector of Election. Mr. Reid has signed the customary oath of office to execute his duties with strict impartiality. We will file this oath with the records of the meeting. The meeting will now officially come to order.
We are holding this meeting in accordance with the proxy statement and the notice of special meeting of the stockholders mailed on or about July 15, 2026, to each stockholder of record at the close of business on June 17, 2026, which we refer to as the proxy statement. We will proceed with the formal business of the meeting as set forth in the proxy statement. On the virtual meeting webpage, you will find the agenda for the meeting. You will also find the rules of the conduct for today's meeting. Please review these rules carefully. Note that only stockholders who are logged in to the meeting using their 16-digit control number will be able to vote at today's meeting.
If you have any questions during this meeting about one of the matters in the agenda to be voted on during this meeting, please submit them by typing in the field under the Ask a Question header on the left-hand side of your screen and clicking Submit. We will answer questions on any matters in the agenda to be voted on before the voting is closed. Any other questions can be submitted to the company separately by contacting investor relations at ir@ff.com. Mr. Harrington, as Corporate Secretary of the company, please report on the mailing of proxy materials, the number of shares represented at the meeting, and whether a quorum is present.
Thank you, Koti. I present an affidavit of Broadridge Financial Solutions that notice of this meeting was given to all stockholders of record commencing on July 15, 2026. On the record date of June 17, 2026, there were 346,161,912 shares of common stock outstanding and entitled to vote on all matters. 5,071,258 shares of Series B preferred stock outstanding and entitled to vote on all matters. 11,502 shares of Series C convertible preferred stock outstanding and entitled to vote on all matters with each share of Series C convertible preferred stock having 3,846 votes. I have received a preliminary report from the Inspector of Election showing that at today's meeting, common stockholders holding at least one-third of the outstanding shares entitled to vote, which is the minimum amount to establish a quorum, are present in person or represented by proxy.
Based on Mr. Harrington's report, I declare that a quorum is present and the meeting is duly convened. A complete list of the holders of record of the outstanding shares of the company's stock on the record date for the meeting is available on your screen if you have logged in to the meeting using your 16-digit control number.
FULL TRANSCRIPT
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