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Red Flags Detected

  • Say-On-Pay Vote Failure (53% Opposition) (new) — Strong signal of shareholder dissatisfaction with executive compensation practices.
  • Near-Majority Withholds On Three Directors (~48–50% Withheld) (new) — Heron, Lo, and Wheadon each drew ~48–50% withheld votes (For still exceeded Withheld; all were elected)—elevated shareholder opposition signaling governance concern.
  • Elevated Auditor Opposition (18%) (new) — Opposition well above typical 5% baseline may indicate audit quality or independence concerns.
OTC: VXRT Vaxart, Inc. 8-K

Vaxart shareholders reject executive pay; three directors draw near-majority withholds

Filed July 17, 2026 · Period ending July 16, 2026 · ~1 min read

Key Changes

  • high

    Say-on-pay vote failed with 53% opposition (46.0M for, 51.8M against), signaling shareholder dissatisfaction with executive compensation levels or structure; board will likely review pay practices.

    Item 5.07 — Submission of Matters to a Vote of Security Holders verify on EDGAR →
  • high

    Three directors (Elaine J. Heron, Steven Lo, and David Wheadon) drew near-majority withholds (~48–50% of for+withheld), while still being elected; the other three nominees received roughly 77–87% support.

    Item 5.07 — Submission of Matters to a Vote of Security Holders verify on EDGAR →
  • medium

    Auditor ratification passed with 73% support (80.4M for, 19.7M against), but 18% opposition is elevated versus typical 95%+ auditor approval rates.

    Item 5.07 — Submission of Matters to a Vote of Security Holders verify on EDGAR →

1 more material change behind this preview — plus the full narrative summary, section-by-section diffs against the prior filing, and verbatim quotes with EDGAR citations.

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View original filing on SEC.gov Press release (Ex 99.1) on EDGAR ↗

Source-verified from EDGAR · Narrative written by AI · Jul 19, 2026 · How we verify