Akebia Therapeutics Announces Adjournment of Special Meeting of Stockholders

Rhea-AI Summary

Akebia Therapeutics, Inc. (Nasdaq: AKBA) announced the adjournment of its special meeting of stockholders originally scheduled for April 11, 2023. The meeting will reconvene on May 4, 2023, at 10:00 a.m. Eastern Time. The adjournment allows the company to gather additional proxies necessary for voting on proposals in its revised definitive proxy statement filed on March 17, 2023. Stockholders are encouraged to vote by May 3, 2023, as the board recommends voting 'FOR' all proposals. Proxies submitted prior will remain valid unless revoked. The meeting's record date remains February 16, 2023, and details are available on the SEC and proxy voting websites.

Positive

• Allows additional time to gather necessary proxies for important proposals
• Board of directors recommends voting 'FOR' all proposals

Negative

• Adjournment may indicate challenges in securing necessary proxy votes

• Meeting adjourned to Thursday, May 4, 2023 at 10:00 a.m. Eastern Time   

CAMBRIDGE, Mass., April 11, 2023 /PRNewswire/ -- Akebia Therapeutics, Inc. (Nasdaq: AKBA), a biopharmaceutical company with the purpose to better the lives of people impacted by kidney disease, today announced that it adjourned, without conducting any business, the special meeting of stockholders (the "Special Meeting") on Tuesday, April 11, 2023 to allow the company to solicit from its stockholders the additional proxies necessary to obtain approval of the proposals described in the company's revised definitive proxy statement filed with the Securities and Exchange Commission on March 17, 2023.

The Special Meeting will reconvene on Thursday, May 4, 2023, beginning at 10:00 a.m. Eastern Time at www.virtualshareholdermeeting.com/AKBA2023SM. The record date for the Special Meeting continues to be the close of business on February 16, 2023. No changes have been made to the proposals to be voted on by stockholders at the Special Meeting. The proxy statement is available at https://www.sec.gov/ and at www.proxyvote.com.

Akebia encourages all stockholders of record at the close of business on February 16, 2023 who have not yet voted, to vote by 11:59 p.m. Eastern Time on May 3, 2023.

Akebia's board of directors strongly recommends that stockholders vote "FOR" each of the proposals presented at the Special Meeting.

Proxies previously submitted in respect of the Special Meeting will be voted at the adjourned Special Meeting unless properly revoked. Stockholders who have previously submitted their proxy or otherwise voted and who do not want to change their vote need not take any action. Stockholders can change their vote at any time before the Special Meeting by returning a signed proxy with a later date or transmitting a subsequent vote over the Internet or by telephone by 11:59 p.m. Eastern Time on May 3, 2023, or by attending the Special Meeting and voting online during the Special Meeting.

About Akebia Therapeutics
Akebia Therapeutics, Inc. is a fully integrated biopharmaceutical company with the purpose to better the lives of people impacted by kidney disease. Akebia was founded in 2007 and is headquartered in Cambridge, Massachusetts. For more information, please visit our website at www.akebia.com, which does not form a part of this release.

Forward Looking Statements
Statements in this press release regarding Akebia Therapeutics, Inc.'s ("Akebia's") strategy, plans, prospects, expectations, beliefs, intentions and goals are forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995, as amended, and include, but are not limited to, statements regarding the date on which the Special Meeting will be adjourned to. The terms "expect," "intend," "believe," "plan," "goal," "potential," "will," "continue," derivatives of these words, and similar references are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. Actual results, performance or experience may differ materially from those expressed or implied by any forward-looking statement as a result of various risks, uncertainties and other factors, including, but not limited to, risks associated with uncertainties regarding the solicitation of proxies. Other risks and uncertainties include those identified under the heading "Risk Factors" in Akebia's Annual Report on Form 10-K for the year ended December 31, 2022, and other filings that Akebia may make with the U.S. Securities and Exchange Commission in the future. These forward-looking statements (except as otherwise noted) speak only as of the date of this press release, and, except as required by law, Akebia does not undertake, and specifically disclaims, any obligation to update any forward-looking statements contained in this press release.

Akebia Therapeutics® is a registered trademark of Akebia Therapeutics, Inc.

Akebia Therapeutics Contact
Mercedes Carrasco
mcarrasco@akebia.com 

 

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SOURCE Akebia Therapeutics

FAQ

What is the new date for the reconvened special meeting for Akebia Therapeutics?

The reconvened special meeting will take place on May 4, 2023, at 10:00 a.m. Eastern Time.

Why was the special meeting of Akebia Therapeutics adjourned?

The meeting was adjourned to allow the company to solicit additional proxies needed for approval of the proposals.

What should Akebia Therapeutics stockholders do if they haven't voted?

Stockholders who have not yet voted are encouraged to do so by May 3, 2023, at 11:59 p.m. Eastern Time.

What does Akebia Therapeutics recommend regarding the proposals at the special meeting?

Akebia's board of directors strongly recommends that stockholders vote 'FOR' each of the proposals presented.