Onfolio Holdings Elects Board Members at Annual Meeting

Onfolio Holdings held its Annual Meeting of Stockholders, electing Dominic Wells, Andrew Lawrence, David McKeegan, Robert J. Lipstein, and Mark N. Schwartz to the Board of Directors. Astra Audit & Advisory, LLC was also appointed as the independent registered public accounting firm for fiscal year ending December 31, 2025. TipRanks' AI Analyst, Spark, rates ONFO stock as Neutral, citing weak financial performance and poor profitability and cash flow.

Onfolio Holdings Inc. held its 2025 Annual Meeting of Stockholders on August 7, 2025, electing Dominic Wells, Andrew Lawrence, David McKeegan, Robert J. Lipstein, and Mark N. Schwartz to the Board of Directors. The meeting, which was attended by 3,516,017 shares out of the 5,127,396 outstanding shares, constituted a quorum for voting [1].

The election of directors saw Dominic Wells receive 2,267,575 votes, with only 16 votes withheld. Andrew Lawrence, David McKeegan, Robert J. Lipstein, and Mark N. Schwartz received between 2,029,616 and 2,058,319 votes, with withheld votes ranging from 212,151 to 237,975. There were 1,248,426 broker non-votes, indicating a significant portion of shares did not participate in the voting process [1].

In addition to electing the board, shareholders also ratified the appointment of Astra Audit & Advisory, LLC as the company's independent registered public accounting firm for the fiscal year ending December 31, 2025. The proposal was approved by a vote of 3,475,402 for, 40,612 against, and 3 abstentions [1].

The meeting results highlight continuity in governance with the election of the board slate. However, the high broker non-vote tally and several hundred-thousand withheld votes on director elections suggest lower active shareholder participation, which could affect future governance actions requiring shareholder approval [1].

References:
[1] https://www.stocktitan.net/sec-filings/ONFOW/8-k-onfolio-holdings-inc-warrant-reports-material-event-9b14fd9d994f.html