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Article: Essential Therapeutics Announces Results of Stockholder Meeting.
- Article from:
- PR Newswire
- Article date:
- January 23, 2003
CopyrightCOPYRIGHT 2003 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Essential Therapeutics, Inc. today announced the results of its Special Meeting of Stockholders convened at 9:30 a.m. today for the purpose of considering proposals to (1) approve the conversion of its Series B Preferred Stock into common stock, (2) increase the authorized capital stock of the Company and (3) approve an amendment to its Restated Certificate of Incorporation to effect any of certain specified reverse stock splits. With respect to proposals (1) and (2), the Company did not receive the affirmative vote of stockholders holding a majority of the outstanding shares of common stock, and therefore proposals (1) and (2) were not approved. Proposal (3) was ...