Vaxart (VXRT) AGM 2025 summary

Opening remarks and agenda

• Chair welcomed attendees, introduced key executives, and outlined meeting rules and agenda.

• Outside counsel and independent accounting firm representatives were introduced.

• Formal business included four proposals, with Q&A to follow.

Board and executive committee updates

• Inspector of Election appointed and sworn in to oversee voting process.

• Board and management committed to considering shareholder feedback, especially regarding the reverse stock split.

Shareholder proposals

• Director Election Proposal: Election of six directors to serve until the next annual meeting.

• Reverse Stock Split Proposal: Amendment to effect a reverse stock split at a ratio between 1-for-5 and 1-for-50.

• Accountant Ratification Proposal: Ratification of WithumSmith+Brown, PC as independent accounting firm for 2025.

• Say-on-Pay Proposal: Non-binding advisory vote on executive compensation.