Palatin Technologies (Nasdaq: PTN) details 2026 shareholder voting results
Rhea-AI Filing Summary
Palatin Technologies, Inc. held its annual meeting of stockholders on July 28, 2026, where four proposals were presented: election of directors, ratification of the independent registered public accounting firm for the fiscal year ending June 30, 2026, an amendment to the 2011 Stock Incentive Plan to increase shares available for equity awards by 260,000 shares, and an advisory vote on executive compensation for the fiscal year ended June 30, 2025.
As of the June 22, 2026 record date, there were 1,842,625 votes entitled to be cast, including 1,779,275 common shares, 4,030 shares of Series A Preferred Stock (1,534 votes), and 3,400 shares of Series D Preferred Stock (61,816 votes). A total of 1,000,506 votes, or 54.3% of votes entitled, were present in person or by proxy. Director nominees received between 337,172 and 654,056 votes for, with 319,687 broker non-votes each. The auditor ratification proposal received 982,584 for, 15,833 against, and 2,089 abstentions; the stock plan amendment received 650,452 for, 28,736 against, 1,630 abstentions, and 319,687 broker non-votes; and the say-on-pay proposal received 649,559 for, 28,732 against, 2,527 abstentions, and 319,687 broker non-votes.
Positive
- None.
Negative
- None.
8-K Event Classification
2 items: 5.07, 9.01
2 items
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.
Item 9.01
Financial Statements and Exhibits
Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
Key Figures
Total votes entitled: 1,842,625 votes
Votes present: 1,000,506 votes
Participation rate: 54.3%
+5 more
8 metrics
Total votes entitled
1,842,625 votes
Votes entitled to be cast as of the June 22, 2026 record date
Votes present
1,000,506 votes
Votes present in person or by proxy at the annual meeting
Participation rate
54.3%
Portion of votes entitled that were present at the annual meeting
Common stock votes
1,779,275 votes
Votes from common stock or equivalents, one vote per share
Series A Preferred votes
1,534 votes
Votes from 4,030 Series A Preferred shares at ~0.38 votes per share
Series D Preferred votes
61,816 votes
Votes from 3,400 Series D Preferred shares at ~18.18 votes per share
Auditor ratification for votes
982,584 votes
Votes cast in favor of ratifying the independent auditor
Incentive plan increase
260,000 shares
Additional shares proposed for equity awards under the 2011 Stock Incentive Plan
Key Terms
Record Date, broker non-votes, 2011 Stock Incentive Plan, advisory approval, +1 more
5 terms
Record Date regulatory
"As of June 22, 2026 (the “Record Date”), the total number of votes entitled"
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.
broker non-votes regulatory
"Nominees ... WITHHELD ... 319,687 broker non-votes"
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.
2011 Stock Incentive Plan financial
"approval of an amendment to the Company’s 2011 Stock Incentive Plan"
advisory approval regulatory
"advisory approval of the compensation of the Company’s named executive officers"
Series D Preferred Stock financial
"3,400 shares of Series D Preferred Stock, each share entitled to approximately 18.18 votes"
Series D preferred stock is a specific class of preferred shares typically issued in a later-stage financing round that gives holders special rights such as priority for payout before common shareholders, fixed or cumulative dividends, and often the option to convert into common shares. Investors care because these shares affect who gets paid first in a sale or liquidation, influence ownership and voting power, and change how future fundraising or an exit will impact an investor’s return—like a VIP ticket that can sometimes be exchanged for a regular ticket if that proves more valuable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What was voted on at Palatin Technologies (PTN)'s July 28, 2026 annual meeting?
Stockholders considered four proposals: election of directors, ratification of the independent auditor for the year ending June 30, 2026, a 260,000-share increase to the 2011 Stock Incentive Plan, and an advisory vote on 2025 executive compensation.
How many votes were eligible and represented at Palatin Technologies (PTN)'s 2026 annual meeting?
Total votes entitled were 1,842,625 as of June 22, 2026. Of these, 1,000,506 votes were present in person or by proxy at the meeting, representing 54.3% of the votes entitled to be cast.
What were the voting results for Palatin Technologies (PTN)'s auditor ratification proposal?
The ratification of the independent registered public accounting firm received 982,584 votes for, 15,833 against, and 2,089 abstentions, with no broker non-votes reported for this proposal.
How did stockholders vote on Palatin Technologies (PTN)'s 2011 Stock Incentive Plan amendment?
The proposal to amend the 2011 Stock Incentive Plan to add 260,000 shares for equity awards received 650,452 for, 28,736 against, 1,630 abstentions, and 319,687 broker non-votes.
What were the say-on-pay voting results for Palatin Technologies (PTN) executives' 2025 compensation?
The advisory vote on compensation of named executive officers for fiscal 2025 received 649,559 votes for, 28,732 against, 2,527 abstentions, and 319,687 broker non-votes from stockholders.
How many votes did each class of Palatin Technologies (PTN) stock contribute at the 2026 record date?
The total 1,842,625 votes comprised 1,779,275 votes from common stock, 1,534 votes from 4,030 Series A Preferred shares, and 61,816 votes from 3,400 Series D Preferred shares.