Business Context and Reporting Period
This Form 8-K filing by Alector, Inc. reports on the results of its Annual Meeting of Stockholders held on May 10, 2019. The company is incorporated in Delaware and its common stock trades on the NASDAQ Global Select Market under the symbol ALEC.
Key Financial Metrics
This filing is a current report regarding corporate governance and does not contain financial performance data. Consequently, there are no reported values for revenue, profit, cash flow, margins, debt, or liquidity in this document.
Material Changes and Voting Results
The filing details the outcomes of two proposals voted upon by stockholders. As of the record date (March 21, 2019), there were 68,871,792 shares outstanding. A total of 47,539,095 shares (69%) were represented at the meeting.
- Proposal 1: Election of Class I Directors
- Dr. Arnon Rosenthal: 44,427,575 votes For; 1,199,541 votes Withheld; 1,911,979 Broker Non-Votes.
- Mr. David Wehner: 44,784,721 votes For; 842,395 votes Withheld; 1,911,979 Broker Non-Votes.
- Outcome: Both nominees were elected to serve until the 2022 annual meeting.
- Proposal 2: Ratification of Independent Auditors
- Ernst & Young LLP was ratified as the independent registered accounting firm for the fiscal year ending December 31, 2019.
- Voting Results: 47,536,469 votes For; 1,855 votes Against; 771 Abstentions; 0 Broker Non-Votes.
- Outcome: Proposal approved.
Guidance, Outlook, and Risks
The filing text does not provide management commentary, financial guidance, outlook, or specific risk factors. It strictly reports the certified results of the stockholder vote.
Investor Verification Checklist
- Verify the definitive proxy statement filed on March 27, 2019, for detailed biographies of the elected directors and the rationale for the auditor appointment.
- Confirm the total number of shares outstanding (68,871,792) against the most recent quarterly or annual report to ensure no subsequent capital changes occurred.
- Review the company's latest 10-Q or 10-K for financial metrics, as this 8-K contains no financial data.