Company: SWAGW
Filing Date: 2025-07-11
Form Type: DEF 14A
Source: 0001213900-25-062961
Chunk: 8

Company: Stran & Company, Inc.
Filing Date: 2025-07-11
Form: DEF 14A
Chunk 8
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 matter being voted on at the Annual Meeting, assuming that a quorum is obtained. Because Proposal No. 2 is a “routine” matter, a broker, bank, trustee or other nominee may be permitted to exercise its discretion on this proposal, which means there will be no broker non-votes on this matter. Broker non-votes will be countedas shares present for purposes of determining a quorum
to the extent that the brokers, banks, trustees or other nominees use their discretionary authority to vote such shares on Proposal No.
2.

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What is an abstention?

An abstention is a stockholder’s affirmative choice to decline to vote on a proposal. Under Nevada law, abstentions are counted as shares present and entitled to vote at the Annual Meeting, and therefore will be counted for purposes of determining a quorum.
Generally, unless otherwise provided by applicable law, our Amended and Restated Bylaws (“Bylaws”) provide that an action
of our stockholders (other than the election of directors) is approved if a majority of the number of shares of stock entitled to vote
thereon and present (either by attending the meeting electronically or by proxy) vote in favor of such action. Therefore, votes marked
as “ABSTAIN” will have the same effect as a vote “AGAINST” the outcome in Proposal No. 2. Votes marked as “ABSTAIN”
on Proposal No. 1 will have no effect because directors are elected by plurality voting.

How many shares must be present or represented to conduct business at the Annual Meeting?

A “quorum” is necessary to conduct business at the Annual Meeting. A quorum is established ifthere is the presence by
attendance electronically or by proxy of the holders of a majority of the voting power at the Annual Meeting. Shares owned by the Company
are not considered outstanding or considered to be present at the Annual Meeting. Abstentions will be counted as present for purposes
of determining a quorum at the Annual Meeting. Similarly, broker non-votes will be counted as present for purposes of determining a quorum
at the Annual Meeting to the extent that the brokers, banks, trustees or other nominees use their discretionary authority to vote such
shares on Proposal No. 2. If a quorum is not present, the Annual Meeting will be adjourned until a quorum is obtained.

How many votes are needed for each proposal to pass?

What are the voting procedures?

In voting by proxy with regard to