Allied Gaming & Entertainment, Inc. (AGAE) announced that Institutional Shareholder Services Inc. (ISS), a leading independent proxy advisory firm, recommended 'withhold' votes on five of the six director candidates proposed by dissident shareholder Knighted Pastures, LLC. These recommendations pertain to AGAE’s upcoming combined 2024/2025 Annual Meeting on August 4, 2025.
ISS recommended stockholders vote for only one of Knighted’s candidates, Roy Choi, and specifically recommended against Knighted’s proposal to remove Mr. Yangyang Li, AGAE’s Chairman of the Board, CEO, and President. Furthermore, ISS recommended stockholders support AGAE’s candidate Roy Anderson.
This report from ISS provides a significant boost to AGAE's board in its ongoing proxy contest with Knighted Pastures. The recommendations indicate that an independent advisory firm largely supports the incumbent board's composition and opposes the dissident's efforts to gain control and remove key leadership.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.