Simulations Plus Approves 950,000-Share Equity Plan Increase, Ratifies Auditor
Shareholders elected four directors, ratified Rose, Snyder & Jacobs LLP as auditor with over 97% support, and approved a 950,000-share increase to the 2021 Equity Incentive Plan with 91% approval. A non-binding advisory vote won over 90% support for annual say-on-pay frequency, and proxies representing 66% of shares established quorum.
1. Annual Meeting Attendance and Quorum
Proxies representing 13,229,922 shares, or approximately 66% of the 20,137,480 eligible shares, were submitted, surpassing the majority required to constitute a quorum for the virtual annual meeting.
2. Director Elections and Auditor Ratification
Shareholders elected all four director nominees and ratified Rose, Snyder & Jacobs LLP as the independent auditor, with over 97% of votes cast in favor of each proposal.
3. Equity Incentive Plan Amendment
An amendment to the 2021 Equity Incentive Plan to add 950,000 shares—bringing the total to 3.45 million—passed with over 91% approval, positioning the company for potential future equity awards.
4. Advisory Say-on-Pay Vote
A non-binding advisory vote for an annual say-on-pay frequency received over 90% support, overruling the board’s recommendation for a three-year cycle; the board has indicated it will consider the outcome.