VBI Vaccines Announces Results of Annual General Meeting

Rhea-AI Summary

VBI Vaccines Inc. (NASDAQ: VBIV) announced the results of its annual general meeting held on June 22, 2022, where 69.52% of common shares were represented. All eight nominated directors, including Steven Gillis and Linda Bain, were elected with varying approval percentages. Significant approvals included setting the director count at eight and appointing EisnerAmper LLP as the independent accounting firm for the upcoming year. Detailed voting results can be found in VBI's SEC and SEDAR filings.

Positive

• Significant shareholder engagement with 69.52% of shares represented.
• All eight nominated directors were elected, indicating support for the current board.
• EisnerAmper LLP appointed as independent accounting firm, ensuring professional oversight.

Negative

• Some directors faced a notable percentage of votes withheld, indicating shareholder dissent.

CAMBRIDGE, Mass.--(BUSINESS WIRE)-- VBI Vaccines Inc. (Nasdaq: VBIV) ("VBI" or the "Company"), a biopharmaceutical company driven by immunology in the pursuit of powerful prevention and treatment of disease, today announced the voting results from its annual general meeting of shareholders held on June 22, 2022 (the "Meeting").

The total number of common shares of the Company ("Common Shares") represented by shareholders ("Shareholders") present in person or represented by proxy at the Meeting was an aggregate of 179,537,122 Common Shares, representing 69.52% of VBI's issued and outstanding Common Shares as of the record date for the Meeting, April 25, 2022.

The voting results with respect to each of the following eight director nominees, as described in the Company's proxy statement dated April 29, 2022 (the "Proxy Statement"), all of whom previously served as directors of the Company, were as follows:

Nominee	Votes For		%		Votes Withheld	%
Steven Gillis	76,989,942		82.54	%	16,286,418	17.46	%
Linda Bain	68,460,867		73.40	%	24,815,492	26.60	%
Jeffrey R. Baxter	84,987,022		91.11	%	8,289,337	8.89	%
Damian Braga	84,721,290		90.83	%	8,555,070	9.17	%
Joanne Cordeiro	90,821,594		97.37	%	2,454,765	2.63	%
Michel De Wilde	84,830,581		90.95	%	8,445,778	9.05	%
Blaine H. McKee	91,077,164		97.64	%	2,199,195	2.36	%
Christopher McNulty	84,405,251		90.49	%	8,871,108	9.51	%

Each of the other matters put forward before the Shareholders for consideration and approval at the Meeting, as described in the Proxy Statement, were duly approved by the requisite number of votes. The Shareholders voted in favor of setting the number of directors of the Company at eight (8) and appointing EisnerAmper LLP as VBI's independent registered public accounting firm for the ensuing year.

Additional information regarding the results of all matters voted upon at the Meeting may be found in the Company's SEC and SEDAR filings.

About VBI Vaccines Inc.

VBI Vaccines Inc. (“VBI”) is a biopharmaceutical company driven by immunology in the pursuit of powerful prevention and treatment of disease. Through its innovative approach to virus-like particles (“VLPs”), including a proprietary enveloped VLP (“eVLP”) platform technology, VBI develops vaccine candidates that mimic the natural presentation of viruses, designed to elicit the innate power of the human immune system. VBI is committed to targeting and overcoming significant infectious diseases, including hepatitis B, coronaviruses, and cytomegalovirus (CMV), as well as aggressive cancers including glioblastoma (GBM). VBI is headquartered in Cambridge, Massachusetts, with research operations in Ottawa, Canada, and a research and manufacturing site in Rehovot, Israel.

For more information, visit www.vbivaccines.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220622005954/en/

VBI

Nicole Anderson

Director, Corporate Communications & IR

Phone: (617) 830-3031 x124

Email: IR@vbivaccines.com

Source: VBI Vaccines Inc.

FAQ

What were the voting results for VBI Vaccines Inc. at the June 22, 2022 meeting?

At the meeting, 69.52% of common shares were represented, and all eight nominated directors were elected.

Who were the nominated directors for VBI Vaccines Inc. in 2022?

Nominated directors included Steven Gillis, Linda Bain, Jeffrey R. Baxter, Damian Braga, Joanne Cordeiro, Michel De Wilde, Blaine H. McKee, and Christopher McNulty.

What independent accounting firm was appointed by VBI Vaccines Inc.?

EisnerAmper LLP was appointed as VBI's independent registered public accounting firm for the ensuing year.

What percentage of votes were withheld from VBI Vaccines Inc. directors?

Vote withhold percentages varied by director, with the highest being 26.60% for Linda Bain.