An announcement from Adicet Bio (ACET) is now available.
At the Annual Meeting, stockholders of the Company made pivotal decisions, including the election of two Class III directors and the ratification of KPMG LLP as the independent auditor. Key amendments were approved, notably doubling the authorized shares of common stock to 300 million and enhancing officer liability protection, reflecting shareholder confidence in the company’s governance. Additionally, a non-binding advisory vote endorsed the compensation of the executive officers with future votes to occur annually, further emphasizing the active role shareholders play in shaping the company’s strategic direction.
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