Galecto Inc. filed SEC Form 8-K: Submission of Matters to a Vote of Security Holders
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
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CURRENT REPORT
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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).
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Item 5.07 – Submission of Matters to a Vote of Security Holders.
Galecto, Inc. (the “Company”) held its annual meeting (the “Annual Meeting”) of stockholders on June 20, 2024. The following proposals were submitted to the stockholders at the Annual Meeting:
Annual Meeting of Stockholders and until her successor is duly elected and qualified, or until her earlier death,
resignation or removal;
stock split of the shares of the Company’s common stock at a ratio of not less than 1-for-4 and not greater than 1-
for-25 (or any number in between), with the exact ratio, effective time of and decision to implement the reverse stock split to be determined by the Board of Directors at any time within one year of the date of the Annual Meeting
without further approval or authorization from the Company’s stockholders (the “Reverse Stock Split"); and
The proposals are described in detail in the Company’s Proxy Statement filed with the Securities and Exchange Commission on April 29, 2024.
The number of shares of common stock entitled to vote at the Annual Meeting was 27,112,697. The number of shares of common stock present or represented by valid proxy at the Annual Meeting was 17,204,181. All matters submitted to a vote of the Company’s stockholders at the Annual Meeting were approved and all director nominees were elected.
The number of votes cast for and against and the number of abstentions and broker non-votes with respect to each matter voted upon are set forth below:
Director Nominee |
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Votes For |
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Votes Withheld |
Anne Prener, M.D. |
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10,651,770 |
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711,618 |
There were 5,840,793 broker non-votes regarding the election of directors.
Stockholders approved the Reverse Stock Split proposal. The results of the voting included 15,283,182 votes for, 1,830,713 votes against and 90,286 votes abstained. There were no broker non-votes regarding this proposal.
Stockholders ratified the appointment of EY Godkendt Revisionspartnerselskab as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2024. The results of the voting included 16,927,703 votes for, 197,148 votes against and 79,330 votes abstained. There were no broker non-votes regarding this proposal.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
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Galecto, Inc. |
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Date: June 21, 2024 |
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By: |
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/s/ Hans T. Schambye |
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Hans T. Schambye, M.D., Ph.D. |
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President and Chief Executive Officer |