TG Therapeutics shareholders approve increase in authorized common shares to 190 million
At its June 14, 2024 annual meeting, TG Therapeutics stockholders approved raising authorized common stock from 175,000,000 to 190,000,000 shares and removing the full-value awards limit in the 2022 Incentive Plan. The company filed the charter amendment the same day, and all five proposals passed, although three director nominees received less than half of the votes cast for them. The larger share authorization gives the company room to issue more common stock, which could dilute existing holders.
- Authorized common shares rise from 175,000,000 to 190,000,000; 73,780,225 votes for, 36,348,764 against, 946,040 abstentions.
- 2022 Incentive Plan amendment removing the full-value awards limit passed with 66,744,142 votes for and 8,625,685 against.
- Advisory say-on-pay vote: 42,346,581 for, 31,019,084 against, 2,748,761 abstentions.
- Yann Echelard (46.05%), Daniel Hume (46.03%) and Sagar Lonial, MD (43.75%) each received less than half of votes cast for them.