other material
confidence high
sentiment neutral
materiality 0.15
GT Biopharma shareholders approve all proposals including authorized share reduction and 2022 Omnibus Incentive Plan
GT Biopharma, Inc.
- Elected directors Breen, Shrotriya, and Wendel with majority support (for votes 58-61% of shares present).
- Ratified Weinberg & Company as independent auditor for FY2022 (19.7M for, 0.2M against).
- Approved 2022 Omnibus Incentive Plan authorizing up to 5M shares of common stock.
- Approved amendment to reduce authorized common stock from 750M to 250M shares (19.6M for).
- Advisory say-on-pay passed (63.7% of votes cast) and frequency set at 1 year (11.9M for).