Tesla has filed a new Form 10-K/A with the U.S. Securities and Exchange Commission (SEC) this morning, announcing it will delay filing its proxy statement that would have provided details on plans to issue new shares and stock split.
The automaker had until April 30, 2022, or 120 days after its fiscal year-end to issue the filing.
According to the 10-K/A, the automaker will file the proxy statement later this year, but did not provide a specific timeline.
“We currently expect that our definitive proxy statement for the 2022 annual meeting of stockholders will be filed later than the 120th day after the end of the last fiscal year,” the company said.
With the delay, Tesla can potentially push back its 2022 Annual Meeting of Stockholders, and as a result the vote on issuing new shares and approving a stock split.
Tesla will ask shareholders to vote at this year’s annual meeting to authorize additional shares in order to enable a stock split.
— Tesla (@Tesla) March 28, 2022
This is not the first time Tesla has delayed its proxy filing.
Last year the automaker issued the filing on August 13, 2021, holding its Annual Meeting of Stockholders two months later on October 7, 2021.
Tesla Annual Shareholder Meeting will be held on October 7, 2021