other material
confidence high
sentiment neutral
materiality 0.65
Kezar Life Sciences stockholders reject Say-on-Pay, approve reverse split authorization
Kezar Life Sciences, Inc.
- Say-on-Pay advisory vote failed: 27.2M against vs 19.8M for.
- Reverse stock split authorized (ratio 1:2 to 1:20) at Board's discretion.
- Directors Christopher Kirk and John Fowler elected with >33M votes each.
- KPMG ratified as independent auditor for FY2024 with overwhelming support.
- Company will hold annual Say-on-Pay votes until 2030 after advisory vote.