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Shareholders approve reverse stock split authority between 1-for-2 and 1-for-10
OVTZOculus Inc.
Oculus Inc. shareholders approved a proposal to amend the Articles of Incorporation, granting the Board discretion to execute a reverse stock split at any ratio between 1-for-2 and 1-for-10. The measure passed with 85.44% support. Additionally, six directors were elected, the auditor was ratified, and executive compensation plans were approved. Oculus Inc. is a cloud-native technology company focused on data compliance and digital privacy solutions for business customers.