Lexicon board sets annual say-on-pay votes after shareholders favored 1-year frequency

LEXICON PHARMACEUTICALS, INC.

At April 27, 2023 annual meeting, option of every 1 year received the highest votes for advisory vote frequency.
Board determined future advisory votes on executive compensation will occur annually until next required frequency vote.
Next required advisory vote on frequency of say-on-pay is required every six years.
Filing is an amendment to prior 8-K solely to disclose this board decision.

Key facts

Extracted from this filing and checked against the source text.

Shareholder Votes SEC 8-K Item 5.07 confidence 0.9

LEXICON PHARMACEUTICALS, INC. shareholders approved Advisory vote on the frequency of future advisory votes on executive compensation at the 2023-04-27 meeting.

Proposal: say on pay frequency
Outcome: passed
Meeting: 2023-04-27

Exact text from the filing

In accordance with the voting results from our annual meeting of stockholders held on April 27, 2023, at which our board of directors recommended that stockholders vote for the option of every “1 Year” as the preferred frequency for future advisory votes on compensation paid to our named executive officers, and every “1 Year” received the highest number of votes cast on such advisory vote

View on SEC.gov

Browse all shareholder votes →

LEXICON PHARMACEUTICALS, INC. filing history →

Source: SEC EDGAR

accession 0001062822-23-000026

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.