leadership
confidence high
sentiment neutral
materiality 0.70
Exelixis board refresh: two directors not standing; new nominees after failed Farallon settlement
EXELIXIS, INC.
- Carl Feldbaum and Vincent Marchesi will not stand for re-election at 2023 Annual Meeting.
- Board recommends Tomas Heyman and Robert Oliver as independent director nominees to fill the seats.
- Farallon Capital Management demanded unprecedented access to confidential data; board refused settlement.
- Annual Meeting date not yet set; board will be 11 directors with 10 independent after meeting.