Latest news with #Bylaws
Yahoo
6 days ago
- Business
- Yahoo
Zevra Announces Final Results of 2025 Annual Meeting of Stockholders
Zevra Stockholders Re-Elect Wendy L. Dixon, Ph.D. and Tamara A. Favorito to the Company's Board of Directors Board and Management Reaffirm Commitment to Driving Continued Growth and Progress Against Strategic Plan CELEBRATION, Fla., May 29, 2025 (GLOBE NEWSWIRE) -- Zevra Therapeutics, Inc. (NasdaqGS: ZVRA) ('Zevra,' or the 'Company'), a commercial-stage company focused on providing therapies to people living with rare disease, announced that based on the final vote count certified by the independent Inspector of Elections following the Company's 2025 Annual Meeting of Stockholders (the 'Annual Meeting'), stockholders have voted to re-elect Wendy L. Dixon, Ph.D. and Tamara A. Favorito to the Company's Board of Directors (the 'Board') as Class I Directors to serve until the 2028 Annual Meeting. The Zevra Board issued the following statement: 'We thank all our stockholders for their strong participation in the voting process and continued support of Zevra. The overwhelming support for the Company's nominees represents a clear endorsement of our strategic direction from our stockholder base. Over the past two years, we have taken decisive action to transform Zevra into a stronger, growth-oriented commercial organization focused on making a positive impact for patients living with rare diseases. This vote validates our progress to date and reinforces our confidence in our strategic plan as we continue building momentum and drive long-term value for our stockholders.' As previously disclosed, Daniel J. Mangless, a stockholder of the Company, indicated his intention to nominate Travis C. Mickle, Ph.D. and Arthur C. Regan for election as directors at the Annual Meeting, in opposition to Dr. Dixon and Ms. Favorito. However, Mr. Mangless subsequently failed to comply with the applicable requirements of the Securities and Exchange Commission's (the 'SEC's') proxy rules and the Company's amended and restated bylaws (the 'Bylaws') to proceed with a valid nomination. Specifically, Mr. Mangless failed to solicit at least 67% of the voting power of the shares entitled to vote on the election of directors at the Annual Meeting, as required by SEC rules and the Bylaws, and failed to provide the Company with reasonable evidence of such solicitation, as required by the Bylaws. Finally, Mr. Mangless did not attend the Annual Meeting to validly nominate his nominees, as required by the Bylaws. As a result of Mr. Mangless' failure to meet these requirements and as provided by the Bylaws, Mr. Mangless' nominations were disregarded. Based on results from the independent Inspector of Elections for the Annual Meeting, if Mr. Mangless had complied with the applicable requirements to validly nominate his nominees, Dr. Mickle would have received just 26.45% of the vote and Mr. Regan would have received just 23.97% of the vote, compared to 73.97% and 73.41% for Dr. Dixon and Ms. Favorito, respectively. The outcome of the election underscores stockholders' strong support for Zevra's Board – including its deep industry expertise, proven track record, and steadfast commitment to delivering value. Looking ahead, and now with a clear mandate from stockholders, the Board and management team are focused on accelerating Zevra's disciplined strategy and value-creation initiatives. Additionally, stockholders approved the proposal to ratify the appointment of Ernst & Young LLP as the Company's independent auditors for the fiscal year ending December 31, 2025. The final certified results, as confirmed by the independent Inspector of Elections, will be filed on a Form 8-K with the SEC. About Zevra Therapeutics, Inc. Zevra Therapeutics, Inc. is a commercial-stage company combining science, data, and patient needs to create transformational therapies for rare diseases with limited or no treatment options. Our mission is to bring life-changing therapeutics to people living with rare diseases. With unique, data-driven development and commercialization strategies, the Company is overcoming complex drug development challenges to make new therapies available to the rare disease community. Expanded access programs are made available by Zevra Therapeutics, Inc. and its affiliates and are subject to the Company's Expanded Access Program ('EAP') policy, as published on its website. Participation in these programs is subject to the laws and regulations of each jurisdiction under which each respective program is operated. Eligibility for participation in any such program is at the treating physician's discretion. For more information, please visit or follow us on X and LinkedIn. Cautionary Note Concerning Forward-Looking Statements This press release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include all statements that do not relate solely to historical or current facts, including without limitation statements regarding the Company's actions to enhance stockholder value, the Company's plans with respect to director candidates nominated by stockholders; our strategic, financial, operational, corporate governance, executive compensation, and product development objectives; and the timing of any of the foregoing. Forward-looking statements are based on information currently available to Zevra and its current plans or expectations. They are subject to several known and unknown uncertainties, risks, and other important factors that may cause our actual results, performance, or achievements to be materially different from any future results, performance, or achievements expressed or implied by the forward-looking statements. These and other important factors are described in detail in the "Risk Factors" section of Zevra's Annual Report on Form 10-K for the year ended December 31, 2024, filed on March 12, 2025, and Zevra's Quarterly Report on Form 10-Q for the quarter ended March 31, 2025, filed on May 13, 2025, and Zevra's other filings with the SEC. While we may elect to update such forward-looking statements at some point in the future, except as required by law, we disclaim any obligation to do so, even if subsequent events cause our views to change. Although we believe the expectations reflected in such forward-looking statements are reasonable, we cannot assure that such expectations will prove correct. These forward-looking statements should not be relied upon as representing our views as of any date after the date of this press release. Contacts For investor inquiries Nichol Ochsner+1 (732) 754-2545nochsner@ For media inquiries FTI Consulting Tanner Kaufman / Kyla MacLennan / Mike Gaudreauzevratherapeutics@
Yahoo
23-05-2025
- Politics
- Yahoo
DNC members to vote next month on potential vice chair election redo
Democratic National Committee (DNC) members will determine in June whether a contested election over two DNC vice chair positions should be held again. Members of the DNC's Rules and Bylaws Committee met Thursday night, determining that the party will hold an electronic vote June 9-11 over whether the election for DNC vice chair positions won by Pennsylvania state Rep. Malcolm Kenyatta and activist David Hogg should be held again after one of the candidates who lost the election challenged the way the race was conducted. If a majority of the members vote to hold a new election, the DNC has said an electronic vote will take place June 12-14 for the first vice chair, which must be filled by a man. A second electronic vote for the second vice chair, which can be filled by any gender, would take place June 15-17. Oklahoma DNC member Kalyn Free, who unsuccessfully ran for DNC vice chair, issued a challenge over the DNC vice chair election results in February, alleging in a letter that the committee's 'decision to ignore the Charter, Bylaws and upend the stated Election Rules in conducting the election for the second and third Vice Chair positions gave the two male candidates an unfair and insurmountable advantage over the women candidates.' 'By placing all five candidates — Mr. Kenyatta, Mr. Hogg, Ms. [Shasti] Conrad, Ms. Free, and Ms. [Jeanna] Repass — on the same ballot and aggregating votes across two rounds, the process unfairly disadvantaged the women candidate,' she added in her letter to several DNC officials. Both Hogg and Kenyatta expressed during the DNC Rules and Bylaws Committee meeting on Thursday that they both disagreed with the idea of trying to hold another election for their posts. 'If we proceed with voiding and redoing this election, we risk sending a message that undermines … the confidence' that the party worked hard to build, Hogg told members, adding later that the 'signal that we send them matters, and in this case, it would be that Democrats can't run an election.' Kenyatta during the meeting said, 'It is no big secret that I fundamentally believe we held a fair election at National Harbor, an election that produced an officer corps that looks like America and that, in a historic fashion, elevated for the first time ever, two people to our committee under the age of 35.' The Pennsylvania state lawmaker added that if members did proceed to move forward with a new election for their roles, he said he hoped that there would be at least a virtual forum to assess the candidates. The move to potentially order a redo of the elections comes as Hogg has separately drawn the ire of some Democrats for investing resources in primarying ineffective members of the party. DNC Chair Ken Martin has said DNC officeholders should not be involved in primarying efforts within the party. 'While certainly I understand what he's trying to do, as I've said to him — if you want to challenge incumbents, you're free to do that, just not as an officer of the DNC,' Martin said. The vote to potentially redo the vice chair election is not related to Hogg's primary efforts, though the developments coupled together have underscored a rocky start to his term as DNC vice chair. The moves are also putting intraparty tensions on display at a time when the party is looking to reset from a disappointing November election. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
