Company: BTBT
Filing Date: 2025-04-09
Form Type: DEF 14A
Source: 0001213900-25-030356
Chunk: 46

Company: Bit Digital, Inc
Filing Date: 2025-04-09
Form: DEF 14A
Chunk 46
---
 resolution is passed, the approval will be given on a non -bindingand advisory basis and is therefore not binding on us, the Board or the Compensation Committee. However, our Board and Compensation Committee value the opinions of our shareholders and intend to take into account the outcome of the vote when considering future compensation decisions for our named executive officers. APPROVAL REQUIRED AND RECOMMENDATION To pass the ordinary resolution to provide the Company with non -bindingadvisory approval of the compensation of our named executive officers, shareholders must 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 OF DIRECTORS UNANIMOUSLY RECOMMENDS A VOTE “FOR” THE APPROVAL OF THE NON -BINDING ADVISORY RESOLUTION ON THE COMPANY’S NAMED EXECUTIVE OFFICER COMPENSATION. 31 PROPOSAL 5 NON-BINDING ADVISORY VOTE ON THE FREQUENCY OF HOLDING
FUTURE VOTES REGARDING NAMED EXECUTIVE OFFICER COMPENSATION Under Section 14A of the Exchange Act, at least every six (6) years Company shareholders are entitled to cast an advisory vote to indicate the frequency with which we should hold future non -bindingvotes to approve executive compensation, or to abstain from voting. We are requesting your non -bindingvote to determine whether the frequency of the vote to approve the compensation of our Named Executive Officers should be every one (1) year, two (2) years or three (3) years. The Board of Directors and the Compensation Committee believe that votes every three (3) years will allow the Compensation Committee, management, and our shareholders to continue to engage in a timely, open and meaningful dialogue regarding our executive compensation philosophy, policies and practices. RESOLUTION TO BE PASSED It is proposed that shareholders pass the following ordinary resolution: It is resolved, as an ordinary resolution that the shareholders of the Company hereby approve, on a non -bindingadvisory basis, the frequency of the vote to approve the compensation of our Named Executive Officers shall be every three (3) years. APPROVAL REQUIRED AND RECOMMENDATION To pass the ordinary resolution to provide the Company with non -bindingadvisory approval of the frequency with which we will hold future non -bindingvotes to approve executive compensation, shareholders must pass an ordinary resolution, being a resolution passed by a simple majority of