Delcath Systems’ Governance Changes and Shareholder Decisions

An announcement from Delcath Systems (DCTH) is now available.

At a recent annual stockholders’ meeting, shareholders approved an increase of 2 million shares available under the company’s 2020 Omnibus Equity Incentive Plan. Additionally, the meeting saw the retirement of Roger Stoll from the Board and Audit Committee, leading to non-compliance with Nasdaq’s requirement for three qualified Audit Committee members. The company plans to promptly address this vacancy. Dr. Bridget Martell was appointed as a new Class III Director, with her term lasting until the 2027 Annual Meeting. Shareholders also voted on director nominations, accounting firm ratification, and executive compensation, showing a strong engagement with the company’s governance.

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