The Superior Court Division in Wake County, North Carolina, ordered Charles & Colvard Ltd. to hold its 2025 annual shareholder meeting.
Riverstyx Fund, LP filed an application for the court-ordered meeting citing statutory requirements.
The court granted the application in part, setting the meeting date for October 13, 2025.
Meeting Details
The 2025 shareholder meeting will focus on board elections, auditor ratification, executive compensation votes, and frequency of advisory votes.
Legal Background
The court order was issued under N.C. Gen. Stat. § 55-7-03 regarding shareholder meeting requirements and enforcement.
Shareholder Rights
Shareholders can participate in the meeting in person, by telephone, or electronically as specified by the court order.
- The court's order ensures compliance with North Carolina statutes on annual shareholder meetings.
- Shareholders now have clarity on the meeting date, agenda items, and participation options as per the court's directives.
The court's decision resolves the dispute and sets a clear framework for the upcoming shareholder meeting, enhancing transparency and shareholder engagement.