other material
confidence high
sentiment neutral
materiality 0.75
Seres Therapeutics stockholders approve 1-for-20 reverse stock split, 2025 Incentive Plan
Seres Therapeutics, Inc.
- Reverse stock split at 1-for-20 ratio approved; effective April 21, 2025; trading on split-adjusted basis April 22 under symbol MCRB.
- 2025 Incentive Award Plan authorized 44,604,870 shares for future awards, amending and restating the 2015 Plan.
- Three Class I directors elected: Dennis A. Ausiello, M.D.; Willard H. Dere, M.D.; Eric D. Shaff.
- Advisory say-on-pay vote passed with 57.9M for vs 32.5M against.
- Proposals to amend certificate to eliminate supermajority voting and clarify share authorization did not pass.