SUI Group Holdings Limited held its 2026 annual meeting of shareholders on September 4, 2026, at its offices in Wayzata, Minnesota. The meeting was adjourned to allow shareholders additional time to vote on a proposal to reincorporate the company from Minnesota to Delaware. The reconvened meeting is scheduled for October 2, 2026, at 8:30 a.m. Central Time, with the option to attend virtually.
At the initial meeting, the company reported that 25,698,781 shares, representing 33.46% of the voting shares, were present in person or by proxy. Shareholders voted to re-elect six directors—Kristina Campbell, Brian Quintenz, Marius Barnett, Howard P. Liszt, Dana Wagner, and Douglas M. Polinsky—for one-year terms. Additionally, shareholders approved a non-binding advisory vote on executive compensation and authorized the issuance of 705,721 shares of common stock upon the exercise of non-employee director warrants.
The proposal to reincorporate the company from Minnesota to Delaware did not receive sufficient votes during the initial session. The company stated that Proposal 2 had received in excess of 97% approval of the votes cast to date and more than 33% approval of the votes of the outstanding shares. However, the proposal requires the affirmative vote of a majority of the voting power of the Company’s outstanding shares entitled to vote as of the record date of July 8, 2026. Holders of record as of that date remain entitled to vote at the reconvened meeting.
Chief Executive Officer Douglas M. Polinsky issued a letter to shareholders on September 10, 2026, urging those who had not yet voted to do so. The letter emphasized that shares not voted on the proposal have the practical effect of a vote against the reincorporation and noted that the Board of Directors unanimously recommends voting for the proposal.
