IPA Responds To 13D Filing By Ingalls & Snyder, LLC; IPA Announced That It Has Recently Begun Interviewing Potential Candidates To Refresh Its Board Of Directors In Its Search For The Optimal Board Composition
Portfolio Pulse from Benzinga Newsdesk
Immunoprecise Antibodies Ltd. (IPA) has responded to a Schedule 13D filing by investment manager Ingalls & Snyder, LLC, stating that it values input from shareholders and is committed to acting in the best interest of IPA. The company has begun interviewing potential candidates to refresh its board of directors. Additionally, IPA has adopted a majority voting policy, requiring any director who receives more 'withheld' votes than 'for' votes to tender their resignation.
August 09, 2023 | 1:19 pm
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Immunoprecise Antibodies Ltd. is taking steps to refresh its board and has adopted a majority voting policy. This could potentially lead to changes in the company's strategic direction.
The company's decision to refresh its board and adopt a majority voting policy indicates a willingness to make changes in response to shareholder input. This could potentially lead to changes in the company's strategic direction, which could impact the company's stock in the short term. However, without specific details on the potential changes, it's difficult to predict the direction of the impact.
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