other_material
confidence high
sentiment negative
materiality 0.60
Allarity shareholders reject equity plan increase and officer exculpation
Allarity Therapeutics, Inc.
- Thomas H. Jensen re-elected as Class III director with 1,673,698 for, 265,465 withheld.
- Ratification of Wolf & Company as auditor passed with 6,706,148 votes for.
- Proposal to increase 2021 Plan shares from 717,941 to 3,415,068 failed (928,978 for vs 932,866 against).
- Amendment to limit officer liability (Officer Exculpation) also did not pass (1,359,331 for vs 563,585 against).
- Adjournment proposal approved 4,976,159 for, 1,924,694 against; quorum was 41% of outstanding shares.
item 5.07