Kirkland's, Inc. announced on December 19, 2024, an extension of the voting deadline for its special meeting of shareholders, originally scheduled for December 23, 2024. The meeting will be adjourned to a later date to allow additional time to satisfy applicable quorum requirements.
Preliminary voting reports indicated strong shareholder support, with approximately 94.3% of votes cast in favor of the proposal to approve the issuance of shares to Beyond, Inc. However, the company had received proxies representing only 37.2% of total shares outstanding, falling short of the majority needed for a quorum.
CEO Amy Sullivan stated that the strong positive preliminary vote results confirmed broad shareholder support, and the approval of the proposal is a key milestone for strengthening the company's financial position. The extension aims to ensure all shareholders have ample opportunity to participate, especially given the holiday season.
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