Replies to post #20646 on iBio Inc (IBIO)

[Cryptocol]

It's an incentive for employees.

Proposal 6 – Amendment to the Company’s 2018 Omnibus Equity Incentive Plan - The Company’s stockholders approved the proposal to amend the Company’s 2018 Omnibus Equity Incentive Plan to increase the number of shares of common stock authorized for issuance thereunder from 3.5 million shares to 6.5 million shares and to incorporate changes to include restricted stock units and performance-based awards as grant types issuable under the 2018 Omnibus Equity Incentive Plan. The voting results were 14,043,485 shares “FOR,” 7,682,821 shares “AGAINST,” 279,955 abstentions and 19,004,994 broker non-votes.

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Why would a company cancel a R/S and offer more incentive to their employees.....hmmm ;)