other material
confidence high
sentiment neutral
materiality 0.40
Arcturus stockholders approve 3.75M share increase to equity plan, raise director compensation caps
Arcturus Therapeutics Holdings Inc.
- Stockholders approved amending 2019 Omnibus Equity Incentive Plan to add 3,750,000 shares of common stock.
- Annual director award limit raised from $500K to $2M for new directors, lead independent director, and non-employee chair; $1M for others.
- Plan amendment passed with 9,375,429 votes for, 8,044,751 against, and 286,830 abstentions (44.7% opposed).
- Directors elected, say-on-pay approved, and Ernst & Young ratified as auditor for fiscal 2022.
- Stockholders voted for an annual say-on-frequency vote; Board adopted every-year frequency.