Galecto, Inc. Holds Annual Stockholder Meeting

TL;DR

Galecto held its annual shareholder meeting on June 20th. Directors elected, auditors ratified.

AI Summary

On June 20, 2024, Galecto, Inc. filed an 8-K report indicating that it held its Annual Meeting of Stockholders. During this meeting, the company's stockholders voted on several matters, including the election of directors and the ratification of the appointment of its independent registered public accounting firm.

Why It Matters

This filing confirms that Galecto, Inc. has completed its annual shareholder meeting, a routine but important corporate governance event.

Risk Assessment

Risk Level: low — This is a routine corporate governance filing related to an annual meeting, not indicating any significant operational or financial changes.

Key Players & Entities

• Galecto, Inc. (company) — Registrant
• June 20, 2024 (date) — Date of earliest event reported

FAQ

Key Financial Figures

• $0.00001 — e on which registered Common Stock, $0.00001 par value per share GLTO The Nasdaq

Filing Documents

• glto-20240620.htm (8-K) — 65KB
• 0000950170-24-076186.txt ( ) — 213KB
• glto-20240620.xsd (EX-101.SCH) — 47KB
• glto-20240620_htm.xml (XML) — 6KB

07 – Submission of Matters to a Vote of Security Holders

Item 5.07 – Submission of Matters to a Vote of Security Holders. Galecto, Inc. (the " Company ") held its annual meeting (the " Annual Meeting ") of stockholders on June 20, 2024. The following proposals were submitted to the stockholders at the Annual Meeting: (i) To elect Anne Prener, M.D., as a Class I member of the Board of Directors, to serve until the Company's 2027 Annual Meeting of Stockholders and until her successor is duly elected and qualified, or until her earlier death, resignation or removal; (ii) To approve an amendment to the Company's Amended and Restated Certificate of Incorporation to effect a reverse stock split of the shares of the Company's common stock at a ratio of not less than 1-for-4 and not greater than 1- for-25 (or any number in between), with the exact ratio, effective time of and decision to implement the reverse stock split to be determined by the Board of Directors at any time within one year of the date of the Annual Meeting without further approval or authorization from the Company's stockholders (the "Reverse Stock Split"); and (iii) To ratify the selection of EY Godkendt Revisionspartnerselskab as the Company's independent registered public accounting firm for the fiscal year ending December 31, 2024. The proposals are described in detail in the Company's Proxy Statement filed with the Securities and Exchange Commission on April 29, 2024. The number of shares of common stock entitled to vote at the Annual Meeting was 27,112,697. The number of shares of common stock present or represented by valid proxy at the Annual Meeting was 17,204,181. All matters submitted to a vote of the Company's stockholders at the Annual Meeting were approved and all director nominees were elected. The number of votes cast for and against and the number of abstentions and broker non-votes with respect to each matter voted upon are set forth below: (a) Election of Class I Director. Director Nominee Votes For Votes Withheld Anne

View Full Filing

View this 8-K filing on SEC EDGAR