On December 3, 2025, XCel Brands, Inc. held its annual meeting where shareholders elected five directors, approved an increase in shares under the 2021 Equity Incentive Plan from 400,000 to 1,150,000, and ratified the appointment of Wolf & Company as auditors for 2025. The vote for the share increase saw 1,191,505 votes in favor against 507,802 opposed.