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CytoDyn Inc CYDY
(Total Views: 1092)
Posted On: 09/09/2020 11:09:41 AM
Post# of 155721
Avatar
Posted By: trding
Re: Evil Rabbit #54881
Very funny.

As I post every year about this vote. Here is the 2020 version. I personally don't try to sway people one way or another, but I feel it is important every shareholder's voice is heard, and everyone takes time to understand what their vote is for.



For those complaining about NP, here is your chance for your voice to be heard, item 1. When people complain next year, I will point back to this post and say, every shareholder had their chance to vote (as I brought up in this post), and then post the vote results....

Here is the vote results for last year:

36037763_2019vote.jpg


Here is the vote for this year:
2065991213_vote2020.jpg

The important ones are

#4 non-binding approval of executive compensation

130777199_executivecompensation.jpg

1929078322_planbenifits.jpg

And

#2 Changing the number of shares reserved for Equity Incentive Plan from 25M to 50M. Last year the vote was approved to move from 10M to 25M, all of which was given over the last year. Hence the need to move from 25M to 50M, some of the new shares are already accounted for if the plan is approved.

Quote:
The approval by our stockholders of the Amended and Restated 2012 Plan is important because the number of shares authorized for issuance under the 2012 Plan is currently not expected to be sufficient to meet our needs over the next year. As of May 31, 2020, we had 1,162,511 shares of our common stock remaining available for issuance under the 2012 Plan and, as described below, we have granted Awards under the 2012 Plan for an additional 8,820,000 shares to executives and an additional 506,250 shares to non-employee directors that are contingent upon stockholder approval of the Amended and Restated 2012 Plan























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