Business Context and Reporting Period
This Form 8-K reports on the Annual Meeting of Stockholders held by Alector, Inc. on May 11, 2020. The filing details the certified voting results for two proposals submitted to security holders.
Key Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report focuses exclusively on corporate governance voting outcomes.
Material Changes and Voting Results
Stockholders voted on the following matters:
- Election of Class II Directors: Mr. Terry McGuire and Dr. Kristine Yaffe were elected to serve until the 2023 annual meeting.
- Votes For: 50,348,975 (63.7%)
- Votes Withheld: 2,389,404
- Broker Non-Votes: 6,724,715
- Ratification of Independent Auditors: Stockholders ratified the appointment of Ernst & Young LLP for the fiscal year ending December 31, 2020.
- Votes For: 59,432,848 (75.2%)
- Votes Against: 12,426
- Abstentions: 78,820
- Broker Non-Votes: None
Guidance, Outlook, and Risks
The filing text does not provide a clear value for guidance, outlook, management commentary, risks, contingencies, or unusual items.
Key Facts for Investor Verification
- Both director nominees received identical vote counts, resulting in a 63.7% approval rate.
- A significant number of broker non-votes (6,724,715) were recorded for the director election, which did not count toward the percentage of votes in favor.
- The auditor ratification proposal received 75.2% support with no broker non-votes.
- The elected directors will serve until the 2023 annual meeting.