other material
confidence high
sentiment negative
materiality 0.50
Tenax shareholders reject reverse stock split and stock plan amendment; directors elected
TENAX THERAPEUTICS, INC.
- All seven director nominees elected: June Almenoff, Michael Davidson, Declan Doogan, Christopher Giordano, Robyn Hunter, Gerald Proehl, Stuart Rich.
- Reverse stock split proposal failed: 5,560,628 for, 5,268,941 against, 112,897 abstain.
- Stock incentive plan amendment (increase by 2.75M shares) failed: 2,775,491 for, 4,415,521 against, 262,926 abstain, 3,488,528 broker non-votes.
- Ratification of Cherry Bekaert as auditor approved: 9,331,120 for, 1,014,740 against, 596,606 abstain.
- Adjournment proposal approved (7,279,249 for) but not used; meeting concluded without adjournment.