Shareholders of SUI Group Holdings approved 705,721 common shares tied to non-employee director warrants and re-elected six directors. The Minnesota-to-Delaware proposal remains unresolved because approval requires more than 50% of outstanding shares, with voting continuing at the reconvened October 2 meeting.

Key Highlights

  • Proposal 2 received more than 97% approval of votes cast but required support from more than 50% of all outstanding shares.
  • The meeting had 25,698,781 shares represented, equal to 33.46% of shares entitled to vote.
  • The reconvened meeting will take place at 8:30 a.m. Central Time and 9:30 a.m. Eastern Time.

SUI Group Holdings Ltd. (NASDAQ: SUIG) shareholders approved the issuance of 705,721 common shares upon exercise of contingently issued non-employee director warrants and backed executive officer compensation. Shareholders also re-elected six directors for one-year terms, while the proposed reincorporation from Minnesota to Delaware remained unresolved. The meeting will reconvene on October 2, 2026, giving shareholders additional time to vote on Proposal 2.

Their terms run until the 2027 annual meeting of shareholders, unless a successor is elected and qualified earlier or a director resigns or is removed. The reported approval rates for Campbell, Quintenz, Barnett, Liszt and Wagner were 99.66%, 99.16%, 99.14%, 97.32% and 98.53%, respectively. Campbell received 25,611,670 votes for and 87,111 votes withheld, while Quintenz received 25,481,962 votes for and 216,819 withheld. Barnett received 25,476,512 votes for and 222,269 withheld. Liszt received 25,010,564 votes for and 688,216 withheld, while Wagner received 25,320,908 votes for and 377,873 withheld. Executive officer compensation also won non-binding advisory approval. Shareholders separately authorized the 705,721-share issuance under Nasdaq Listing Rule 5635(c).

Delaware Vote Returns October 2

Proposal 2 would move SUI Group Holdings from Minnesota to Delaware. The proposal therefore remains open for Shareholder voting. The meeting will be held at 1907 Wayzata Boulevard, Suite 205, Wayzata, Minnesota 55,391, with virtual attendance also available.

Quorum And Existing Proxies

Of the 76,802,872 common shares entitled to vote, 25,698,781 were represented in person or by proxy at the September 4, 2026 meeting. That represented 33.46% of the eligible shares and constituted a quorum. No new Record Date was set. Previously submitted proxies will remain valid unless properly revoked. Shareholders who have already voted do not need to take further action unless they want to change their vote.