Bastion Trading Calls on SkyAI to Respect Clear Stockholder Message by Promptly Engaging to Meaningfully Reconstitute the Board
Bastion Trading, which with affiliates holds about 9.99% of SkyAI's outstanding common stock, called on the company's Board of Directors to respond to stockholder sentiment expressed at the September 18, 2026 annual meeting. The stockholder group noted that incumbents received substantially more withheld than favorable votes, and that approximately 82% of stockholders rejected the 2026 Equity Incentive Plan, urging the board to meaningfully reconstitute itself.
Why it matters — Major investor dissatisfaction—reflected in lopsided director votes and rejection of the equity plan—signals potential board changes and governance pressure that could affect SkyAI's direction.