Edible Garden AG Inc
For the period ended Jul 30, 2025. Filed Aug 8, 2025.
View on SEC.govAbout this filing
What shareholders are asked to vote on at a company's meeting. It is where to find what directors and top executives are paid, and who owns the most shares.
Jul 30, 2025 · Filed Aug 8, 2025
Use the contents to explore the available documents and sections.
Contents
Cover page
Show cover page
DEF 14A 1 edbl_def14a.htm DEF 14A
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 14A
Proxy Statement Pursuant to Section 14(a) of the
Securities Exchange Act of 1934
(Amendment No. )
| Filed by Registrant | ☒ |
|---|---|
| Filed by Party other than Registrant | ☐ |
| Check the appropriate box: | |
|---|---|
| ☐ | Preliminary Proxy Statement |
| ☐ | Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2)) |
| ☒ | Definitive Proxy Statement |
| ☐ | Definitive Additional Materials |
| ☐ | Soliciting Materials under §240.14a-12 |
Edible Garden AG Incorporated
(Name of Registrant as Specified in its Charter)
(Name of Person(s) Filing Proxy Statement, if other than the Registrant)
| Payment of Filing Fee (Check the appropriate box): | |
|---|---|
| ☒ | No fee required |
| ☐ | Fee paid previously with preliminary materials |
| ☐ | Fee computed on table in exhibit required by Item 25(b) per Exchange Act Rules 14a-6(i)(1) and 0-11 |
283 County Road 519
Belvidere, New Jersey 07823
NOTICE OF ANNUAL MEETING OF STOCKHOLDERS SEPTEMBER 24, 2025
To the Stockholders of Edible Garden AG Incorporated:
We would like to invite you to attend an annual meeting of stockholders (the “Annual Meeting”) of Edible Garden AG Incorporated (the “Company,” “we,” “us,” or “our”), which will be held on Wednesday, September 24, 2025 at 10 a.m. Eastern Time. The Annual Meeting will be conducted as a virtual meeting of stockholders via a live webcast. We believe that hosting a virtual meeting will enable greater stockholder participation from any location. Our Board of Directors has fixed the close of business on July 30, 2025 as the record date for determining the stockholders entitled to notice of and to vote at the Annual Meeting and at any adjournment or postponement of the Annual Meeting.
The Annual Meeting is being held for the following purposes, as more fully described in the accompanying proxy statement:
| 1. | To elect four director nominees named in the proxy statement as directors for a one-year term and until their successors have been duly elected and qualified; |
| 2. | To ratify the appointment of CBIZ CPAs P.C. as our independent registered public accounting firm for the fiscal year ending December 31, 2025; |
| 3. | To approve the Company’s Amended and Restated 2022 Equity Incentive Plan; |
| 4. | To approve the Company’s 2025 Officer and Director Equity Incentive Plan; |
| 5. | To approve an amendment to the Company’s Certificate of Incorporation to effect a reverse stock split of the outstanding shares of the Company’s common stock in a range of 1-for-5 to 1-for-25, at the discretion of the board of directors; and |
| 6. | To approve any adjournment of the Annual Meeting from time to time, if necessary or appropriate, including to solicit additional votes in favor of Proposal One, Proposal Two, Proposal Three, Proposal Four and/or Proposal Five (the “Non-Adjournment Proposals”) if there are not sufficient votes at the time of the Annual Meeting to adopt any of the Non-Adjournment Proposals or to establish a quorum. |
We will also consider and act upon such other matters as may properly come before the Annual Meeting or any adjournment or postponement thereof.
To participate in the Annual Meeting virtually via the Internet, please visitwww.proxydocs.com/EDBL. In order to attend via live webcast, you must register in advance atwww.proxydocs.com/EDBL prior to the deadline of September 23, 2025 at 5:00 p.m. Eastern Time. After you register, you will receive an email with instructions about attending the Annual Meeting, including a unique link to access the Annual Meeting.You will not be able to attend the Annual Meeting in person.
Whether or not you expect to attend via live webcast, your vote is important. The Board of Directors respectfully requests that you vote your stock, regardless of the number of shares you own, in the manner described in the proxy statement. You may revoke your proxy in the manner described in the proxy statement at any time before it has been voted at the Annual Meeting.
Our Board of Directors recommends a voteFOR each of the director nominees included in Proposal One and a voteFOR all other proposals. For ten days prior to the meeting, a complete list of stockholders entitled to vote at the meeting will be available for examination by any stockholder, for any purpose relating to the meeting, during ordinary business hours at our principal offices located at 283 County Road 519, Belvidere, New Jersey 07823.
By Order of the Board of Directors:
/s/ James E. Kras
James E. Kras
Chairman, Chief Executive Officer, and President
Belvidere, New Jersey
August 8, 2025
YOUR VOTE IS IMPORTANT You may vote your shares via the Internet, over the telephone, or by mail by marking, dating and signing the proxy card or voting instruction form and mailing it promptly in the return envelope provided. www.proxypush.com/EDBL
TABLE OF CONTENTS
| QUESTIONS AND ANSWERS ABOUT THESE PROXY MATERIALS AND VOTING | 2 | |
|---|---|---|
| PROPOSAL ONE: ELECTION OF DIRECTORS | 8 | |
| CORPORATE GOVERNANCE MATTERS | 10 | |
| EXECUTIVE AND DIRECTOR COMPENSATION | 13 | |
| CERTAIN RELATIONSHIPS AND RELATED PARTY TRANSACTIONS | 16 | |
| SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT | 16 | |
| PROPOSAL TWO: RATIFICATION OF THE APPOINTMENT OF OUR INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM | 18 | |
| PROPOSAL THREE: APPROVAL OF THE COMPANY’S AMENDED AND RESTATED 2022 EQUITY INCENTIVE PLAN | 20 | |
| PROPOSAL FOUR: APPROVAL OF THE COMPANY’S 2025 OFFICER AND DIRECTOR EQUITY INCENTIVE PLAN | 27 | |
| PROPOSAL FIVE: APPROVAL OF AMENDMENT TO THE CHARTER TO EFFECT A REVERSE STOCK SPLIT OF THE OUTSTANDING COMMON STOCK AT THE DISCRETION OF THE BOARD | 34 | |
| PROPOSAL SIX: APPROVAL OF AN ADJOURNMENT OF THE ANNUAL MEETING | 43 | |
| STOCKHOLDER PROPOSALS | 44 | |
| STOCKHOLDER COMMUNICATIONS | 44 | |
| APPENDIX A | A-1 | |
| APPENDIX B | B-1 | |
| APPENDIX C | C-1 |
CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS
This proxy statement contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, as amended, that are based on expectations, estimates and projections as of the date of this proxy statement. All statements other than statements of historical facts contained in this proxy statement, including statements regarding whether we would effect the reverse stock split, the timing of any reverse stock split, the principal effects of the reverse stock split, and the intended benefits of the reverse stock split, are forward-looking statements.
The words “anticipate,” “believe,” “could,” “expect,” “forecast,” “intend,” “may,” “potential,” “should,” “will,” “would,” and similar expressions are intended to identify forward-looking statements. These forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from anticipated results, including:
| · | the effect of the reverse stock split, if implemented, on the price of our common stock; |
| · | the effect of the reverse stock split, if implemented, on the liquidity of our common stock; and |
| · | our ability to maintain compliance with the listing standards of the Nasdaq Capital Market. |
We caution you that the foregoing list may not contain all of the forward-looking statements made in this proxy statement. We have based these forward-looking statements largely on our current expectations about future events. These forward-looking statements are subject to a number of risks, uncertainties and assumptions, including those described in “Proposal Five: Approval of Amendment to the Charter to Effect a Reverse Stock Split of the Outstanding Common Stock at the Discretion of the Board—Certain Risks and Potential Disadvantages Associated with the Reverse Stock Split” and in our other filings with the Securities and Exchange Commission. In light of these risks, uncertainties and assumptions, the forward-looking events and circumstances discussed in this proxy statement may not occur and actual results could differ materially and adversely from those anticipated or implied in the forward-looking statements.
You should not rely upon forward-looking statements as predictions of future events. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee that the future results, performance or events and circumstances reflected in the forward-looking statements will be achieved or occur. We undertake no obligation to update publicly any forward-looking statements for any reason after the date of this proxy statement to conform these statements to actual results or to changes in our expectations.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.