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Pluri Inc. (NASDAQ:PLUR) announced Thursday that director Doron Birger was not re-elected to the company’s board at its annual shareholder meeting held Monday. As a result, Birger, who was an independent director, chairman of the audit committee, and sole member of the investment committee, ceased serving in these roles effective immediately.
Following Birger’s departure, Pluri notified Nasdaq that its audit committee no longer meets the requirement of at least three independent directors, as stipulated by Nasdaq Listing Rule 5605(c)(2)(A). On Wednesday, the company received a letter from Nasdaq’s Listing Qualifications Department granting a cure period to regain compliance. The cure period expires on the earlier of Pluri’s next annual shareholder meeting or June 30, 2026. If the next annual meeting occurs before December 29, 2025, the company must demonstrate compliance no later than June 30, 2026. Pluri stated its intention to appoint an additional independent director within the allowed timeframe.
At the annual meeting, shareholders voted on several proposals. Zami Aberman, Rami Levi, Maital Shemesh-Rasmussen, Yaky Yanay, and Alexandre Weinstein were elected as directors, while Birger was not re-elected. The appointment of Kesselman & Kesselman, a member firm of PricewaterhouseCoopers International Limited, as the company’s independent registered public accounting firm for the fiscal year ending June 30, 2025, was ratified.
Shareholders also approved the company’s 2016 Equity Compensation Plan and, by a nonbinding advisory vote, supported the compensation of named executive officers. Regarding the frequency of future advisory votes on executive compensation, shareholders favored a two-year interval. The board determined that the next such vote will take place at the 2027 annual meeting.
In a separate proposal, shareholders approved, for the purpose of Nasdaq Listing Rule 5635(d), the exercise of warrants to purchase up to 1,086,768 common shares issued in a private placement to an entity wholly owned by director Alexandre Weinstein. Votes related to shares beneficially owned by Weinstein were excluded from this proposal.
This information is based on a company statement filed with the Securities and Exchange Commission.
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