Soligenix amends bylaws to reduce stockholder meeting quorum to one-third from majority

SOLIGENIX, INC.

Board approved amendment effective March 25, 2025 reducing quorum from majority to one-third of voting power.
Company cited prior difficulties achieving quorum due to dispersed stockholder base and brokerage policy changes.
Amendment aims to avoid costly adjournments, increased proxy solicitation expenses, and management distraction.

Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

SOLIGENIX, INC.: Reduced quorum requirement for stockholder meetings from majority to one-third of voting power (effective 2025-03-25).

Change: bylaw amendment
Effective: 2025-03-25

Exact text from the filing

The Amendment reduces the quorum required for the transaction of business at meetings of the Company’s stockholders from (i) the holders of a majority of the voting power of the shares of stock issued and outstanding and entitled to vote, to (ii) the holders of one-third (1/3) of the voting power of such shares, present in person or represented by proxy, unless otherwise required by applicable law or the Company’s certificate of incorporation.

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SOLIGENIX, INC. filing history →

Source: SEC EDGAR

accession 0001558370-25-003987

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