Beneficient Corp Urges Shareholders to Vote Ahead of Critical Annual Meeting on April 30, 2025

Beneficient Corp (NASDAQ: BENF) has issued a final reminder to its shareholders to cast votes on proxy proposals ahead of its 2025 Annual Meeting of Stockholders, set for April 30, 2025. The meeting, now rescheduled after an earlier adjournment due to insufficient quorum, underscores the urgency for investors to participate in shaping the company’s governance and strategic direction.

A Rescheduled Meeting and High Stakes for Shareholders

The meeting was originally scheduled for March 31, 2025, but was adjourned because not enough shares were represented to meet the quorum requirement—the minimum number of shares needed for the meeting to proceed. Beneficient has since rescheduled the virtual event for April 30 at 9:00 a.m. Central Time, with voting deadlines closing at April 29, 11:59 p.m. CT. Shareholders must vote via online, telephone, or mail to ensure their voice is heard.

What’s at Stake in the Proxy Voting?

While the exact proposals are not disclosed in public filings, the Board of Directors has unanimously recommended voting in favor of all items, citing alignment with shareholder interests. Key areas likely under discussion include:
- Director elections: Beneficient’s governance structure as a “controlled company” under Nasdaq rules allows it to opt out of certain requirements, such as independent board majorities.
- Executive compensation: The SEC’s 2022 proxy statement rules now mandate disclosures around equity grants tied to material nonpublic information and clawback policies.
- Strategic priorities: The company’s focus on expanding its AltAccess® platform, which targets underserved investors in alternative assets, may be a focal point.

Regulatory Context and Risks

Beneficient’s filings reveal critical context for investors:
- Revoked Municipal Advisor Registration: The SEC filings note the company’s Exchange Act registration as a Municipal Advisor has been revoked, a potential regulatory setback that could impact operations.
- Kansas TEFFI Regulation: Its subsidiary, Beneficient Fiduciary Financial, L.L.C., operates under Kansas’s Technology-Enabled Fiduciary Financial Institution (TEFFI) Act, adding state-level regulatory oversight.
- Financial Reporting Status: As an “emerging growth company” and “smaller reporting company,” Beneficient qualifies for reduced disclosure requirements, which may limit transparency for investors.

Voting Methods and the Quorum Challenge

Shareholders have three options to vote:
1. Online: Submit votes at https://www.cstproxyvote.com.
2. By Phone: Call 1-866-894-0536.
3. By Mail: Return a completed proxy card to the Corporate Secretary at 325 N. Saint Paul Street, Dallas, TX 75201.

The company emphasizes that votes are critical to meeting the quorum, which is essential to hold the meeting. Without sufficient participation, Beneficient risks further delays or procedural hurdles.

Why This Matters for Investors

Beneficient’s push for shareholder engagement reflects broader trends in corporate governance, where proxy votes increasingly shape company strategy and risk management. The revocation of its municipal advisor registration highlights regulatory pressures, while its focus on alternative investments—via platforms like AltAccess®—positions it in a niche market with high growth potential.

Conclusion: Vote Now to Influence Beneficient’s Future

With the deadline looming, shareholders must act swiftly. The proxy vote is a rare opportunity to influence a company navigating regulatory challenges while pursuing growth in alternative asset management.

Key Takeaways for Investors:
- Act by April 29: Missing the deadline risks an ineffective meeting and delayed decision-making.
- Review the Proxy Statement: Access the SEC-filings document at www.sec.gov using Accession Number 0001493152-25-009620 for full proposal details.
- Monitor Regulatory Risks: The revoked municipal advisor status and TEFFI compliance could affect future operations.

For Beneficient to succeed in its mission to “democratize alternative investments,” shareholder support is not just a procedural formality—it’s a strategic imperative.