The amendment empowers the board to issue a substantially larger volume of equity than the current fully diluted basis reported by FactSet as of Tuesday. Beyond the share expansion, the company confirmed in a filing with the Securities and Exchange Commission that investors successfully re-elected all five director nominees.

Stockholders also signaled their approval of the firm's executive compensation packages and ratified the appointment of its independent registered public accounting firm. These measures arrive as the retailer navigates ongoing volatility and attempts to redefine its long-term financial structure under its current leadership.