Not independent
Tenure on this board
3.3 yrs
2 nominees · 2 ballot items.
Elect two Class III directors; Ratify Grant Thornton LLP as independent registered public accounting firm for fiscal year ending December 31, 2026; and transact any other business properly before the meeting.
Elect two Class III directors (Stephen Altemus and Dr. Kamal Ghaffarian) to serve three-year terms until the 2029 annual meeting.
Ratify the appointment of Grant Thornton LLP as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2026.
This management proposal asks stockholders to ratify the Audit Committee’s selection of Grant Thornton LLP as the company's independent registered public accounting firm for the 2026 fiscal year. Management seeks shareholder approval primarily as a matter of good corporate governance and to obtain shareholder input on the auditor choice, though stockholder ratification is not legally required. The Audit Committee has pre-approved the firm's retention and concluded that the services provided are compatible with auditor independence; details of the fees paid are disclosed. The proposal is routine and non-controversial: ratification is a standard practice that provides the Audit Committee with an added endorsement but does not bind the committee to retain the firm. The board recommends a vote FOR the proposal on the basis that the selection is consistent with the company's audit needs and oversight processes, and the Audit Committee retains discretion to change auditors if warranted. The vote required is a majority of votes cast, and broker discretionary voting is permitted on this matter.
| # | Owner | % of shares | Shares | Value |
|---|---|---|---|---|
| 1 | STATE STREET CORP | 3.7% | 7,987,514 | $148M |
| 2 | D. E. Shaw Co., Inc.Activist | 2.8% | 6,162,811 | $114M |
| 3 | VANGUARD CAPITAL MANAGEMENT LLC | 2.4% | 5,236,961 | $97M |
| 4 | BlackRock, Inc. | 2.4% | 5,222,013 | $97M |
| 5 | FRONTIER CAPITAL MANAGEMENT CO LLC | 1.6% | 3,513,799 | $65M |
| 6 | BlackRock, Inc. | 1.6% | 3,370,759 | $63M |
| 7 | TRUSTEES OF THE UNIVERSITY OF PENNSYLVANIA | 1.5% | 3,246,424 | $60M |
| 8 | VOYA INVESTMENT MANAGEMENT LLC | 1.5% | 3,156,981 | $59M |
| 9 | CITADEL ADVISORS LLC | 1.3% | 2,760,454 | $51M |
| 10 | ARK Investment Management LLC | 1.2% | 2,656,531 | $49M |
The opinions and information contained herein have been obtained or derived from sources believed to be reliable, but Boardroom Alpha cannot guarantee its accuracy and completeness, and that of the opinions based thereon.
This report contains opinions and is provided for informational purposes only – it does not constitute investment, legal or tax advice. You should not rely solely upon the research herein for purposes of transacting securities or other investments, and you are encouraged to conduct your own research and due diligence, and to seek the advice of a qualified securities professional before you make any investment.
None of the information contained in this report constitutes, or is intended to constitute a recommendation by Boardroom Alpha of any particular security or trading strategy or a determination by Boardroom Alpha that any security or trading strategy is suitable for any specific person. To the extent any of the information contained herein may be deemed to be investment advice, such information is impersonal and not tailored to the investment needs of any specific person.
No representation or warranty, expressed or implied, is made on behalf of Boardroom Alpha as to the accuracy or completeness of the information contained herein. Boardroom Alpha does not accept any liability for any direct, indirect or consequential loss or damage suffered by any person as a result of relying on all or any part of this research and any liability is expressly disclaimed.