Ric Kayne Publishes Investor Presentation Highlighting Urgent Need for Changes to Athira’s Board of Directors
Ric Kayne, who owns approximately 4.8% of Athira's common stock, has launched a campaign urging shareholders to vote for new directors to enhance oversight of clinical trials for ATH-1017. He criticizes the current Board for poor decision-making and governance failures, claiming it jeopardizes shareholder value and ATH-1017's potential. Kayne emphasizes the need for a capable Board with industry expertise to navigate ongoing clinical trials. He encourages shareholders to vote their BLUE proxy cards to ensure critical changes are made for long-term success.
- Potential for new directors with industry expertise to improve corporate governance.
- Focus on preserving shareholder value amid ongoing clinical trials.
- Current Board's poor oversight and decision-making leading to significant shareholder value loss.
- Concerns regarding the qualifications of CEO Mark Litton, particularly his lack of clinical trial experience.
New, Independent, Shareholder-Centric Directors are Needed to Ensure ATH-1017’s Significant Potential is Realized and Reverse Destruction of Shareholder Value by Athira’s Current Board
Launches Campaign Website with Additional Information for Shareholders: www.SaveAthira.com
Urges Athira Shareholders to VOTE their BLUE Proxy Card TODAY
The presentation, which can be found at www.SaveAthira.com, articulates the following:
- Why immediate change is needed on Athira’s Board;
- The current Board’s track record of poor oversight and decision making, which puts ATH-1017 at significant risk;
- The Board’s numerous corporate governance failures; and
-
Why
Ric Kayne andGeorge Bickerstaff are highly qualified to serve as Athira’s directors.
“Athira’s shareholders – as well as those who have been affected by Alzheimer’s and are eager for a potential breakthrough drug like ATH-1017 – deserve a Board and management with the industry, operating, strategic and financial expertise that can best position the Company for long-term success. Due to the ongoing clinical trials of ATH-1017, time is of the essence. I urge all shareholders to review the presentation filed today and vote the BLUE proxy card to install much needed oversight and accountability in Athira’s boardroom.”
Help us send a strong message to Athira’s Board that there must be consequences for its record of blunders which have cost shareholders hundreds of millions of dollars in lost value and jeopardized a promising drug candidate that could change the lives of Alzheimer’s patients and their families.
Protect the value of your investment at Athira.
Please VOTE TODAY by signing, dating and returning your BLUE proxy card.
Your Vote Is Important, No Matter How Many or How Few Shares You Own!
Please VOTE TODAY by signing, dating and returning the BLUE proxy card. Simply follow the instructions on the BLUE proxy card.
If you have questions about how to vote your shares, please contact:
Shareholders Call Toll-Free: +1 (800) 339-9883 Banks and Brokers Call Collect: +1 (212) 468-5380 Email: ATHA@HarkinsKovler.com
REMEMBER: Please simply DISCARD any WHITE proxy card that you may have received from Athira. Returning a WHITE proxy card – even if you vote “withhold” on Athira’s nominees – will REVOKE any vote you had previously submitted on Mr. Kayne’s BLUE proxy card.
Submit your VOTE by signing, dating and returning your BLUE proxy card TODAY. |
Disclaimer
The views expressed in the solicitation materials referenced herein and/or attached hereto represent the opinions of
The solicitation materials are provided merely as information and are not intended to be, nor should they be construed as, an offer to sell or a solicitation of an offer to buy any security. The solicitation materials do not constitute a recommendation to purchase or sell any security. Each of the Kayne Entities beneficially owns, and/or has an economic interest in, securities of the Company. It is possible that there will be developments in the future that cause the Kayne Entities from time to time to sell all or a portion of their holdings of the Company in open market transactions or otherwise (including via short sales), buy additional shares (in open market or privately negotiated transactions or otherwise), or trade in options, puts, calls or other derivative instruments relating to such shares.
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FAQ
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