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Lifeward Ltd. (NASDAQ:LFWD) announced the results of its 2025 Annual Meeting of Shareholders held on Friday, according to a statement based on a recent SEC filing.
Shareholders approved the company’s 2025 Incentive Compensation Plan, which allows for stock-based awards to officers, directors, and employees. Details of the plan were previously described in the company’s proxy statement filed with the SEC.
The meeting saw a quorum with 5,223,471 ordinary shares—approximately 45.0% of outstanding shares as of the record date—present or voted.
All director nominees for Class II positions were re-elected. Mark Grant, Dr. John William Poduska, and Randel E. Richner will continue to serve until the 2028 annual meeting or until their successors are elected and qualified. The vote counts for their re-election proposals were as follows:
- Mark Grant: 1,585,715 for, 219,013 against, 10,296 abstain, 3,408,447 broker non-votes.
- John William Poduska: 1,195,339 for, 612,112 against, 7,574 abstain, 3,408,446 broker non-votes.
- Randel E. Richner: 1,189,131 for, 618,927 against, 6,967 abstain, 3,408,446 broker non-votes.
Shareholders also ratified the compensation for Mark Grant as the company’s new President and Chief Executive Officer, and approved a proposal setting the chairperson’s compensation at double the amount received by other directors.
Other approved proposals included amendments to the company’s articles of association to increase authorized share capital, the reappointment of Kost Forer Gabbay & Kasierer (a member of Ernst & Young Global) as independent registered public accounting firm for 2025, and an advisory vote on executive compensation.
A proposal to ratify the issuance of equity compensation to Randel E. Richner in connection with additional consulting services did not receive the required level of support, with 811,866 votes for and 993,112 against.
The information in this article is based on a press release statement and a recent SEC filing.
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