Company: BTBT
Filing Date: 2025-04-09
Form Type: DEF 14A
Source: 0001213900-25-030356
Chunk: 34

Company: Bit Digital, Inc
Filing Date: 2025-04-09
Form: DEF 14A
Chunk 34
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 Xiong as Director of the Company It is resolved as an Ordinary Resolution that Jiashu (Bill) Xiong be re -electedas a director of the Company to hold office until the next annual general meeting or until his successor is duly elected and qualified. 5Re -election of Brock Pierce as Director of the Company It is resolved as an Ordinary Resolution that Brock Pierce be re -electedas a director of the Company to hold office until the next annual general meeting or until his successor is duly elected and qualified. 22 Vote Required and Board Recommendation The re -electionof each director requires shareholders to pass an ordinary resolution, being a resolution passed by a simple majority of the votes cast by shareholders as, being entitled to do so, vote in person or by proxy on the election of directors at the Annual Meeting. The Board recommends a vote FOR election of the director nominees. 23 PROPOSAL 2 APPROVAL OF 2025 OMNIBUS EQUITY INCENTIVE PLAN The Compensation Committee of the Board has recommended that the Company should establish and maintain an omnibus equity incentive plan for the year 2025 pursuant to which the Company may offer selected officers, directors, employees of and consultants to the Company and its subsidiaries the opportunity to acquire or increase equity ownership in the Company. On March 12, 2025, the Board adopted, subject to shareholder approval, the Bit Digital, Inc. 2025 Omnibus Equity Incentive Plan (the “Plan”). The Plan is designed to enable the flexibility to grant equity awards to our officers, employees, non -employeedirectors and consultants and to ensure that we can continue to grant equity awards to eligible recipients at levels determined to be appropriate by the Board and/or the Compensation Committee. A copy of the proposed equity incentive plan has been enclosed with this proxy statement as Annex A(which is subject to such reasonable amendments as determined by the Board) and is incorporated herein by reference. Summary of Material Features of the Plan The material features of the Plan are: •Subject to certain adjustments (as provided in Section 4.2 of the Plan) and exception (as provided in Section 5.6(b) of the Plan), the maximum number of Ordinary Shares reserved for issuance under the Plan (including incentive share options) is eight million (8,000,000) Ordinary Shares; •The award of options (including non -qualifiedoptions and incentive share options), share appreciation rights, restricted Ordinary Shares, performance share units, performance Ordinary Shares, deferred Ordinary