leadership
confidence high
sentiment negative
materiality 0.55
Vanda director Chrousos fails re-election, tenders resignation after majority withhold vote
Vanda Pharmaceuticals Inc.
- Phaedra S. Chrousos received 20,071,828 for vs 22,780,322 against; less than majority of votes cast.
- Chrousos resigned under company bylaws; Nominating/Governance Committee to decide acceptance.
- Directors Polymeropoulos and Chrousos elected; Polymeropoulos got 33,976,239 for, 8,943,623 against.
- Stockholders ratified PwC as auditor (44,750,588 for, 1,739,295 against) and approved say-on-pay.
- Equity plan amendment passed (34,411,032 for, 8,565,705 against) to increase authorized shares.