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The Arena Group ( (AREN) ) has issued an update.
On January 13, 2025, The Arena Group Holdings Inc. implemented significant changes to its corporate governance and executive compensation structure. The Board eliminated cash retainers and annual restricted stock grants for non-employee directors, opting instead for expense reimbursements. Additionally, the base salaries for the CEO and Principal Financial Officer were increased. The Board also amended the company’s bylaws to align with new SEC universal proxy rules, limit the Board to six members, and introduced regulations for stockholder proxy solicitations.
More about The Arena Group
YTD Price Performance: -9.35%
Average Trading Volume: 1,891,257
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $59.81M
See more insights into AREN stock on TipRanks’ Stock Analysis page.
