Ardelyx adjourns annual meeting on reverse stock split; needs more votes

ARDELYX, INC.

Proposal to authorize reverse stock split (1:2 to 1:10) received 66.74% of votes cast but needs >50% of outstanding shares; meeting adjourned to July 13.
Stockholders elected Class II directors Block, Mott, Raab; Mott received 42.2M For vs 23.8M Withheld.
Ratification of Ernst & Young as auditor approved (85.7M For, 2.6M Against).
Advisory say-on-pay approved (48.0M For, 14.4M Against, 3.6M Abstain).
As of record date, 144.1M shares outstanding; 91.2M shares voted.

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