Intevac Shareholders Approve Plans and Elect Directors

Intevac (IVAC) has shared an update.

On May 15, 2024, Intevac, Inc. stockholders gathered for their annual meeting, resulting in significant approvals and elections that will shape the company’s future. Key outcomes included the green light for an additional 300,000 shares in the Employee Stock Purchase Plan and 900,000 shares in the Equity Incentive Plan, aiming to incentivize and reward employees. Additionally, all director nominees were successfully elected to the board, and the appointment of BPM LLP as independent auditors was ratified. Furthermore, an advisory vote endorsed the compensation of Intevac’s executive officers, indicating shareholder confidence in the company’s leadership.

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