Ovid Therapeutics (NASDAQ: OVID) shareholders approve director, pay and auditor
Filing Impact
Filing Sentiment
Form Type
8-K
Rhea-AI Filing Summary
Ovid Therapeutics Inc. reported the results of its annual stockholder meeting held on June 10, 2026. Of 173,037,131 common shares outstanding as of April 15, 2026, 130,958,928 shares, or 75.7%, were represented, providing a valid quorum.
Stockholders elected Jeremy M. Levin to a three-year term on the board of directors, with 87,219,707 votes for, 8,528,008 withheld, and 35,211,213 broker non-votes. They also approved, on an advisory basis, the compensation of named executive officers.
In addition, stockholders ratified the selection of KPMG LLP as the company’s independent registered public accounting firm for the fiscal year ending December 31, 2026, with 130,845,667 votes for, 32,505 against, and 80,756 abstentions.
Positive
- None.
Negative
- None.
8-K Event Classification
Item 5.07 — Submission of Matters to a Vote of Security Holders
1 item
Item 5.07
Submission of Matters to a Vote of Security Holders
Governance
Results of a shareholder vote on proposals at an annual or special meeting.
Key Figures
Shares outstanding: 173,037,131 shares
Shares represented: 130,958,928 shares
Director election votes for: 87,219,707 votes
+4 more
7 metrics
Shares outstanding
173,037,131 shares
Common stock outstanding and entitled to vote as of April 15, 2026
Shares represented
130,958,928 shares
Shares present in person or by proxy, 75.7% quorum at annual meeting
Director election votes for
87,219,707 votes
Votes for Jeremy M. Levin as director at 2026 annual meeting
Say-on-pay votes for
84,511,953 votes
Advisory approval of named executive officer compensation
Auditor ratification votes for
130,845,667 votes
Ratification of KPMG LLP as independent registered public accounting firm for 2026
Say-on-pay against votes
8,901,691 votes
Votes against advisory approval of executive compensation
Broker non-votes on director
35,211,213 votes
Broker non-votes for director election proposal
Key Terms
broker non-votes, emerging growth company, independent registered public accounting firm, advisory basis, +1 more
5 terms
broker non-votes financial
"Jeremy M. Levin, DPhil, MB BChir | 87,219,707 | 8,528,008 | 35,211,213"
Broker non-votes occur when a brokerage firm is unable to vote on a shareholder’s behalf during a company election or decision because the shareholder has not given specific voting instructions, and the broker is not allowed or chooses not to vote on certain matters. They are important because they can affect the outcome of votes, especially when the results are close, by effectively reducing the total number of votes cast.
emerging growth company regulatory
"405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter). Emerging growth company"
An emerging growth company is a recently public or smaller public firm that qualifies for temporary, lighter regulatory and disclosure rules to reduce the cost and effort of being public. For investors, it means the company may provide less historical financial detail and face fewer reporting requirements than larger firms, so it can grow more quickly but also carries higher uncertainty—like buying a promising early-stage product with fewer user reviews.
independent registered public accounting firm regulatory
"ratified the selection of KPMG LLP as the independent registered public accounting firm of the Company for the fiscal year ending December 31, 2026"
An independent registered public accounting firm is an outside accounting company officially registered with the government regulator to examine and report on a public company's financial records and controls. Investors treat its reports like an impartial inspector’s certificate — they add credibility to financial statements, help spot errors or misleading claims, and reduce the risk that shareholders are relying on unchecked or biased numbers.
advisory basis financial
"stockholders approved, on an advisory basis, the compensation paid to the Company’s named executive officers"
record date financial
"As of April 15, 2026, the record date for the Annual Meeting, there were 173,037,131 shares"
The record date is the specific day when a company determines which shareholders are eligible to receive a dividend or participate in an upcoming vote. It’s like a cutoff date; if you own the stock on that day, you get the benefits or voting rights. This date matters because it decides who qualifies for certain company benefits.
FAQ
What did OVID stockholders vote on at the June 2026 annual meeting?
Stockholders voted on three items: electing Jeremy M. Levin as director, approving executive compensation on an advisory basis, and ratifying KPMG LLP as independent registered public accounting firm for 2026.
Was OVID director nominee Jeremy M. Levin elected at the 2026 annual meeting?
Yes, Jeremy M. Levin was elected to a three-year term, receiving 87,219,707 votes for, 8,528,008 votes withheld, and 35,211,213 broker non-votes, and will serve until the 2029 annual meeting or earlier departure.
Did OVID stockholders approve executive compensation on an advisory basis in 2026?
Yes, stockholders approved the compensation of named executive officers on an advisory basis, with 84,511,953 votes for, 8,901,691 against, 2,334,071 abstentions, and 35,211,213 broker non-votes, as described in the proxy statement.
Which audit firm did OVID stockholders ratify for the 2026 fiscal year?
Stockholders ratified KPMG LLP as Ovid Therapeutics’ independent registered public accounting firm for the fiscal year ending December 31, 2026, with 130,845,667 votes for, 32,505 against, and 80,756 abstentions recorded.