other
confidence high
sentiment neutral
materiality 0.30
Novavax reduces stockholder meeting quorum from majority to one-third
NOVAVAX INC
- Board adopted Amended and Restated By-Laws effective April 22, 2024.
- Quorum reduced from majority of outstanding shares to one-third (33 1/3%) of shares entitled to vote.
- Change aimed at mitigating past quorum failures caused by dispersed stockholder base and broker non-voting.