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Verastem Shareholders Approve Executive Option Exchange Plan
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Verastem Shareholders Approve Executive Option Exchange Plan

Verastem (VSTM) has released an update to notify the public and investors about the submission of matters to a vote of security holders.

Verastem, Inc. held a Special Meeting in Needham, Massachusetts, on January 17, 2024, where 16,016,215 of the 25,268,102 shares entitled to vote were represented. The stockholders approved Proposal No. 1 – Option Exchange, allowing a one-time option exchange for certain executives, employees, and non-employee directors. The proposal received 8,197,712 votes for, 7,793,121 against, and 25,382 abstentions, with no broker non-votes.

For further insights into VSTM corporate activity, check out TipRanks’ Insiders Trading Activity page.

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