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XTL Biopharmaceuticals Ltd. (NASDAQ:XTLB) announced Monday that shareholders approved all proposals at the company’s Annual and Extraordinary General Meeting, held in Bnei Brak, Israel. The information is based on a statement released through a SEC filing.
Shareholders voted to appoint Somekh Chaikin, a member firm of KPMG, as the company’s independent auditors for the fiscal year ending December 31, 2025. The board of directors, upon the recommendation of the audit committee, is authorized to determine the auditors’ remuneration based on the volume and nature of their services.
The meeting also resulted in the re-election of Alexander Rabinovitch, Shlomo Shalev, and Doron Turgeman to the board of directors. Each will serve until the next annual general meeting.
In addition, shareholders approved the engagement terms of Noam Band as Chief Executive Officer, including an option grant effective April 7, 2025, as described in the company’s proxy statement. The meeting also approved equity remuneration for Shlomo Shalev, the company’s chairman, as outlined in the proxy statement.
A proposal for a private placement of up to $1 million from certain investors, including interested parties, was approved. The company stated that this approval is in accordance with Nasdaq Rule §5635(c).
All proposals on the agenda received the required majority of votes for approval.
In other recent news, E-Home Household Service Holdings Ltd has announced an extraordinary general meeting scheduled for July 28, 2025. The company has filed a notice and proxy statement with the Securities and Exchange Commission, indicating that shareholders will receive a proxy card and related materials in advance. However, the agenda or specific proposals for the meeting have not been disclosed. Meanwhile, XTL Biopharmaceuticals Ltd. has amended the record date for its Annual and Extraordinary General Meeting of Shareholders. The record date has been changed from June 19, 2025, to June 18, 2025, due to a Federal Holiday. The meeting is set to take place on July 21, 2025, at 4:00 p.m. Israel time, at the offices of the company’s attorneys in Bnei Brak, Israel. These updates are part of recent developments for both companies.
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