Good morning, and welcome to the SCYNEXIS, Inc. Annual Meeting of Stockholders. I would now like to introduce the first presenter, Guy Macdonald.
Good morning. I am Guy Macdonald, and I am Chairman of the Board of SCYNEXIS. I'm very happy to welcome you to the SCYNEXIS 2026 Annual Stockholders Meeting. Joining me today are Dr. David Angulo, our CEO, who also serves on our board, and other members of the board, Dr. Ann Hanham, Dr. Steven Gilman, Mr. David Hastings, Mr. Armando Anido, and Mr. Philippe Tinmouth. The other officers of the company joining us today are Scott Sukenick, our Chief Legal Officer and Corporate Secretary, and Ivor Macleod, our Chief Financial Officer. Also joining us today is Mike Makovec of the auditing firm Deloitte & Touche. Mr. Sukenick will serve as secretary for the meeting. The meeting will now officially come to order. We will proceed with the formal business of the meeting as set forth in your notice of meeting and proxy statement.
After the formal meeting has been adjourned, we will provide time for general questions. Only validated stockholders may ask questions in the designated field on the web portal. Mr. Sukenick, has a notice of this meeting been sent to all shareholders entitled to vote at this meeting?
Yes, it has.
I'm appointing Scott Sukenick to act as Inspector of Election at this meeting. Mr. Sukenick, will you please report at this time with respect to the existence of a quorum?
Yes. Proxies have been received for just over 59 million of the approximately 79.4 million shares of common stock outstanding on the record date, which represents approximately 74.49% of the total number of outstanding shares. This, by the way, is all in terms of the pre-reverse split numbers. Since this represents more than a majority of the voting power of all issued and outstanding stock entitled to vote on the record date, a quorum is present for purposes of transacting business.
As proper notice was given and a quorum is present, the stockholder meeting is now convened. Mr. Sukenick, were there any additional proposals for business properly filed with the company secretary?
No, there were not.
Since no proposals were properly filed in advance of this meeting, the business of this meeting is limited to the six proposals set forth in the proxy.
The time is now 9:33 A.M. Eastern Time on Thursday, June 25th, 2026. The polls are now open for voting on all matters to be presented. The polls will be closed to voting after we go through the matters to be voted on. Stockholders who have voted via proxy or otherwise and who do not want to change their vote do not need to take any further action.
I will now present the matters to be voted upon. Please note that we will give stockholders an opportunity to ask questions about the proposals to be voted on after the proposals have been presented. The first item of business today is to elect the SCYNEXIS Board of Directors' six nominees as directors to serve until the 2027 Annual Meeting of Stockholders and until their successors are duly elected and qualified, as further described in the proxy statement relating to this meeting. The second item of business today is the ratification of selection by the board's audit committee of Deloitte & Touche LLP as the independent registered public accounting firm of the company for the fiscal year ending December 31st, 2026. The third item of business today is the advisory approval of the compensation of our named executive officers as disclosed in this proxy statement.
The fourth item of business today is the advisory approval of the frequency of future advisory voting on the compensation of our named executive officers as disclosed in this proxy statement. The fifth item of business today is the approval of an amendment to the SCYNEXIS 2024 Equity Incentive Plan to, among other things, increase the aggregate number of shares of common stock authorized for issuance under the plan by 1.2 million shares, equivalent to 9.6 million shares prior to the reverse stock split that took effect on May 29th, 2026. The sixth item of business today is the approval of an amendment to the SCYNEXIS amended and restated certificate of incorporation to increase the total number of authorized shares of common stock to 60 million.
If any stockholder has a question regarding any of the proposals, please submit your question through the web portal.
We do not have any questions.
Sir, no.
Yep. Sorry, go ahead.
No, carry on.
Okay. The polls remain open. Any stockholder who has not yet voted or who wishes to change their vote may do so by clicking on the voting button on the web portal and following the instructions there. We will pause briefly for voting. Okay. Now that everyone has had the opportunity to vote, I declare the polls closed at 9:36 A.M. Eastern Time on June 25th, 2026.
May we have the preliminary results of the voting?
The preliminary report covering the proposals presented at this meeting is as follows. The proposal to elect the SCYNEXIS Board of Directors six nominees as directors to serve until the 2027 annual meeting of stockholders and until their successors are duly elected and qualified is carried. The selection of Deloitte & Touche LLP as the company's independent registered public accounting firm for the fiscal year ending 2026 is ratified. The compensation of our named executive officers, as disclosed in this proxy statement, is approved by advisory vote. The frequency of advisory votes on the compensation of our named executive officers, as disclosed in this proxy statement, is approved by advisory vote to be every year.
The amendment to the SCYNEXIS 2024 Equity Incentive Plan to, among other things, increase the aggregate number of shares of common stock authorized for issuance under the plan by 1.2 million shares, equivalent to 9.6 million shares prior to the reverse stock split that took effect on May 29th, 2026, is approved. Lastly, the amendment to the SCYNEXIS amended and restated certificate of incorporation to increase the total number of authorized shares of common stock to 60 million is approved. We will report the final vote results in a Form 8-K to be filed within four business days.
Thank you. There being no further business, this annual meeting of the stockholders of SCYNEXIS Incorporated is hereby adjourned. We will now respond if questions have been submitted today through the web portal that are germane to the meeting.
There have been no questions submitted.
Okay. I understand there are no questions pending. Thank you for attending the SCYNEXIS 2026 Annual Stockholders' Meeting.
The meeting has now concluded. Thank you for joining. Have a pleasant day.