Psychemedics shareholders approve reverse-forward stock split and ratify stock purchase agreement

PSYCHEMEDICS CORP

Re-elected five directors: Robyn C. Davis, Brian Hullinger, Peter H. Kamin, Darius G. Nevin, Andrew M. Reynolds with votes ranging 3.70–3.73M for.
Approved reverse stock split (ratio 1:4,000–6,000) and immediate forward split (4,000–6,000:1); Board sets exact ratio.
Ratified Stock Purchase Agreement dated Aug 12, 2024, with 2,981,855 for vs 1,091,026 against.
Non-binding advisory vote on executive compensation passed with 3,654,822 for; auditor Whitley Penn LLP ratified for FY 2024.
Reverse split vote: 3,002,727 for, 1,099,996 against; broker non-votes 1,104,904.

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