UPDATE 1-Shah Capital urges Novavax shareholders to vote against three directors [Yahoo! Finance]
Novavax, Inc. (NVAX)
Last novavax, inc. earnings: 3/11 04:17 pm
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US:NASDAQ Investor Relations:
ir.novavax.com/investor-relations
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Source: Yahoo! Finance
Shah Capital, which currently owns a nearly 7.5% stake in Novavax, said it intends to vote against directors Richard Douglas, Margaret McGlynn and David Mott at the company's upcoming shareholder meeting in June. "We believe that fresh perspectives are desperately needed in the boardroom to steer Novavax towards sustainable profitable growth," the hedge fund said in a statement. Novavax did not immediately respond to a Reuters request for comment. Shah Capital had previously expressed concerns about mismanagement of the Maryland-based biotech and nominated two of its own candidates for the board. Shares of Novavax were down 1.2% at $4.87 in premarket trading. (Reporting by Bhanvi Satija in Bengaluru; Editing by Shilpi Majumdar)
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- 2/28/24 - Miss
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- 5/13/24 - HC Wainwright
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- 5/13/24 - Form DFAN14A
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