DEFA14A: Know Labs Engages Proxy Solicitor for Special Stockholders Meeting

Know Labs, Inc. has engaged Laurel Hill Advisory Group, LLC to assist with proxy solicitation for its Special Meeting of Stockholders scheduled for July 31, 2025.

Summary

• Know Labs, Inc. filed a supplement to its definitive proxy statement for the Special Meeting of Stockholders.
• The Special Meeting is scheduled to be reconvened on July 31, 2025, at 1:30 PM P.T.
• On July 24, 2025, the company engaged Laurel Hill Advisory Group, LLC as an independent proxy solicitation and advisory firm.
• Laurel Hill will assist with soliciting proxies via telephone, email, or mail.
• The company will pay Laurel Hill a fee of $9,000, plus additional fees and expenses.
• All costs associated with soliciting votes will be borne by Know Labs, Inc.
• Stockholders needing assistance with voting can contact Laurel Hill toll-free at (888) 742-1305.

Sentiment

Score: 5

Explanation: The filing is administrative in nature, detailing the engagement of a proxy solicitor. It introduces a minor cost but is a standard corporate action, thus neutral in sentiment.

Positives

• Engagement of an independent proxy solicitor may streamline the proxy solicitation process and improve shareholder engagement for the Special Meeting.

Negatives

• The company will incur additional costs, including a $9,000 fee plus other expenses, for the proxy solicitation services.

Future Outlook

This filing does not contain forward-looking statements or guidance beyond the administrative details of the Special Meeting and proxy solicitation.

Industry Context

The engagement of a proxy solicitor is a standard practice for publicly traded companies, especially when preparing for important shareholder meetings where active proxy solicitation is deemed necessary to ensure quorum or achieve specific voting outcomes. This action aligns with common corporate governance practices to facilitate shareholder participation.

Comparison to Industry Standards

• Engaging an independent proxy solicitor like Laurel Hill Advisory Group is a common and accepted practice among public companies, particularly for special meetings or contentious votes, to maximize shareholder participation and ensure efficient proxy collection.
• The stated fee of $9,000 for initial services is within the typical range for engaging such firms, though total costs can vary significantly based on the complexity and duration of the solicitation effort.

Stakeholder Impact

• Shareholders: Provided with additional information regarding proxy solicitation and contact details for assistance with voting.
• Company: Incurs additional administrative costs for proxy solicitation services.

Next Steps

• Laurel Hill Advisory Group, LLC will solicit proxies from stockholders via telephone, email, or mail.
• The Special Meeting of Stockholders will be reconvened on July 31, 2025, at 1:30 PM P.T.

Key Dates

Recommendation

This filing is purely administrative, detailing the engagement of a proxy solicitor for an upcoming special meeting. It does not contain any information related to the company's financial performance, strategic direction, or operational results that would warrant a change in investment recommendation. The associated costs are minor and expected for such an activity. Therefore, a 'hold' recommendation is appropriate as there's no new material information to alter an existing investment thesis.

Keywords

Know Labs, Proxy Statement, Special Meeting, Stockholders, Proxy Solicitation, Corporate Governance, SEC Filing, DEFA14A, Laurel Hill Advisory Group