other
confidence high
sentiment neutral
materiality 0.50
Solid Biosciences stockholders approve reverse stock split and authorized share increase
Solid Biosciences Inc.
- Elected Class I directors Huffines, Nagendran, Shah with ~65.9M votes each.
- Ratified PricewaterhouseCoopers as auditor for FY2022: 87.3M for, 226.9K against.
- Approved reverse stock split at ratio of 1:5 to 1:15, board to set exact ratio before 2023 annual meeting.
- Approved increase in authorized shares to 300M multiplied by 3x the reverse split ratio.
- Reverse split and share increase subject to board discretion; may be abandoned.