Impinj (NASDAQ:PI) held its 2026 annual meeting of stockholders virtually, with shareholders approving all four proposals presented at the meeting, according to remarks from company officials during the webcast.
Chris Diorio, Impinj’s Chief Executive Officer, opened the meeting and said members of the company’s board and executive team were in attendance. Representatives from the company’s independent public accounting firm, Ernst & Young LLP, and outside corporate law firm Wilson Sonsini Goodrich & Rosati were also virtually present.
As of that record date, Impinj had 30,459,059 shares of common stock issued and outstanding, with each share entitled to one vote, Morikubo said. He also stated that a majority of shares entitled to vote were represented at the meeting, either virtually or by proxy, and declared a quorum present.
Shareholders Approve Four Proposals
Morikubo outlined four proposals included in the company’s proxy statement dated April 16, 2026. Based on preliminary voting results announced during the meeting, shareholders approved all four items.
- Election of directors: Shareholders reelected seven director nominees to serve one-year terms ending at the 2027 annual meeting of stockholders or until their successors are elected and qualified.
- Auditor ratification: Shareholders ratified the appointment of Ernst & Young LLP as Impinj’s independent registered public accounting firm for the fiscal year ending Dec. 31, 2026.
- Executive compensation: Shareholders approved, on an advisory basis, the compensation of the company’s named executive officers.
- Equity incentive plan: Shareholders approved the company’s new 2026 Equity Incentive Plan.
The seven directors nominated by the board and reelected, according to the preliminary results, were Chris Diorio, Daniel Gibson, Umesh Padval, Steve Sanghi, Meera Rao, Arthur L. Valdez Jr. and Miron Washington. Morikubo said each nominee had indicated a willingness and ability to serve if elected.
Board Recommended Approval of Each Item
For each of the four proposals, Morikubo said Impinj’s board of directors recommended that shareholders vote in favor. He also described the voting standards for each measure, noting that approval required the affirmative vote of a majority of the voting power of shares present in person or represented by proxy and entitled to vote.
Regarding the advisory vote on executive compensation, Morikubo said the proposal would not be binding on the company, the board or the compensation committee, and would not affect compensation already paid or awarded. However, he said the compensation committee would consider the outcome when determining executive compensation for the remainder of the current fiscal year and beyond.
Final Results to Be Filed With SEC
The polls opened at 9:08 a.m. and closed at 9:09 a.m., according to Morikubo. After declaring the polls closed, he said no additional proxies or votes would be accepted and no changes or revocations to previously submitted votes would be allowed.
Morikubo said the company would publicly report the final voting results in a Form 8-K filing with the U.S. Securities and Exchange Commission within four business days of the meeting.
The meeting concluded after the formal business was completed. “Thank you for attending and for your continued support,” Morikubo said.
About Impinj (NASDAQ:PI)
Impinj, Inc, headquartered in Seattle, Washington, develops Radio Frequency Identification (RFID) solutions designed to connect everyday items to the internet. Founded in 2000, the company pioneered RAIN RFID technology with a focus on transforming supply chain and inventory processes across retail, healthcare, airport baggage handling and manufacturing. Impinj’s platform comprises RAIN RFID tag chips, fixed and handheld RFID readers, gateways, antennas and connectivity modules that enable real-time visibility of tagged items.
Impinj’s product portfolio is built around its core RAIN RFID ecosystem, offering tag chips for high-volume production (Monza series), reader chips for integration into third-party devices and complete reader and gateway systems (Speedway series and xArray).
