The election of directors was successful, with all nominees receiving a majority of votes in favor. However, the advisory vote on executive compensation did not pass, with 41,625,740 votes in favor and 59,963,903 against. The approval of the Amended and Restated 2021 Incentive Plan was passed with 99,158,276 votes for and 2,401,793 against. The ratification of KPMG LLP as auditors was overwhelmingly approved with 119,053,168 votes in favor.
The results reflect a strong support for the board's nominees and the incentive plan, despite the setback with the executive compensation proposal. This meeting is a critical moment for Arrowhead as it continues to navigate its strategic direction and operational execution in the biopharmaceutical sector.