Both Leading Proxy Advisory Firms Recommend
Senomyx Shareholders Support Entire Senomyx Slate by Voting on the
WHITE Proxy Card Today
The Board of Directors of Senomyx, Inc. (“Senomyx” or the
“Company”) (NASDAQ: SNMX), a leading company using proprietary
taste science technologies to discover, develop, and commercialize
novel flavor ingredients and natural high intensity sweeteners for
the food, beverage, and flavor industries, today announced that
leading proxy advisory firms, Institutional Shareholder Services
(ISS) and Glass Lewis, have both recommended that Senomyx
shareholders reject efforts by an activist investor group
(“Concerned Shareholders and Nominees of Senomyx” or “CSNS”) to
replace the Company's Board of Directors. Consistent with the ISS
and Glass Lewis recommendations, Senomyx urges shareholders to vote
"FOR" each of the Company's seven nominees on the
WHITE proxy card today.
Kent Snyder, Chairman of the Board of Directors of Senomyx,
said, “We are pleased that both leading proxy advisory firms have
recommended that shareholders vote for our full slate of nominees.
ISS and Glass Lewis have each laid out detailed cases to
demonstrate that electing our nominees is the right choice for
shareholders to protect their investment, and we look forward to
continuing to make our case to shareholders in advance of the
Annual Meeting on May 11th.”
Senomyx shareholders are reminded that their votes are extremely
important, no matter how few shares they own. To follow the
recommendations of ISS, Glass Lewis and the Senomyx Board,
shareholders should vote the WHITE proxy card “FOR"
each of the Company's seven nominees TODAY by telephone, by
Internet, or by signing and dating the WHITE proxy card.
If you have any questions or require any assistance with voting
your shares, please contact the Company's proxy solicitor listed
below:
Morrow SodaliSNMX@morrowsodali.com(203)
658-9400 or Toll Free: (800) 662-5200
About Senomyx, Inc.
Senomyx discovers novel flavor
ingredients and natural high intensity sweeteners that allow
food and beverage companies to create better-for-you products.
Under its direct sales program, Senomyx sells
its Complimyx® brand flavor
ingredients, Sweetmyx®, Savorymyx®, and Bittermyx®,
to flavor companies for use in a wide variety of foods and
beverages. In
addition, Senomyx has partnerships with leading
global food, beverage, and ingredient supply companies, which are
currently marketing products that
contain Senomyx's flavor ingredients. For more
information, please visit www.senomyx.com.
If you have any questions or require any
assistance with respect to voting your shares, please contact the
Company’s proxy solicitor at the contact listed below:
MORROW SODALI470 West AvenueStamford, CT
06902Shareholders Call Toll Free: (800) 662-5200Banks and Brokers
Call Collect: (203) 658-9400E-mail: SNMX@morrowsodali.com
Important Additional Information
Senomyx, its directors and certain of its executive officers
will be deemed to be participants in the solicitation of proxies
from Company shareholders in connection with the matters to be
considered at the Company’s annual meeting of shareholders
scheduled to be held on May 11, 2017. The Company has filed a
definitive proxy statement and a WHITE proxy card with the U.S.
Securities and Exchange Commission (the “SEC”) in connection with
its solicitation of proxies from Company shareholders. COMPANY
SHAREHOLDERS ARE STRONGLY ENCOURAGED TO READ THE PROXY STATEMENT
AND ACCOMPANYING WHITE PROXY CARD AS THEY CONTAIN IMPORTANT
INFORMATION. Information regarding the identity of participants in
this solicitation by the Company, and their direct or indirect
interests, by security holdings or otherwise, is set forth in the
proxy statement and other materials filed by the Company with the
SEC. Shareholders will be able to obtain the proxy statement, any
amendments or supplements to the proxy statement and other
documents filed by the Company with the SEC for no charge at the
SEC’s website at www.sec.gov. Copies will also be available for no
charge at http://proxy2017.senomyx.com, by writing to the Company
at 4767 Nexus Centre Drive, San Diego, California 92121 or by
calling the Company’s proxy solicitor, Morrow Sodali, at 1 (800)
662-5200.
Forward-Looking Statements
Information presented in this communication contains
forward-looking statements within the meaning of the Section 27A of
the Securities Act of 1933, as amended (the “Securities Act”),
Section 21E of the Securities Exchange Act of 1934 (the “Exchange
Act”) and the Private Securities Litigation Reform Act of 1995. All
statements relating to events or results that may occur in the
future, including, but not limited to, the development, growth and
expansion of the Company’s business, the Company’s intent, belief,
or current expectations, primarily with respect to the Company’s
future operating performance, and the product the Company expects
to offer and other statements regarding matters that are not
historical facts, are forward-looking statements. Forward-looking
statements generally can be identified by words such as “may,”
“will,” “could,” “anticipate,” “expect,” “intend,” “believe,”
“continue,” or the negative of such terms, or other comparable
terminology. These statements are based on numerous assumptions and
involve known and unknown risks, uncertainties and other factors
that could significantly affect the Company’s operations and may
cause the Company’s actual actions, results, financial condition,
performance or achievements to be substantially different from any
future actions, results, financial condition, performance or
achievements expressed or implied by any such forward-looking
statements. Those factors include, but are not limited to, (i)
general economic and business conditions; (ii) changes in market
conditions; (iii) changes in regulations; (iv) actual or potential
takeover or other change-of-control threats; (v) the effect of
merger or acquisition activities; (vi) changes in the Company’s
plans, strategies, targets, objectives, expectations or intentions;
and (vii) other risks, uncertainties and factors indicated from
time to time in the Company’s reports and filings with the SEC
including, without limitation, most recently the Company’s Annual
Report on Form 10-K for the period ended December 31, 2016, under
the heading Item 1A - “Risk Factors” and the heading “Management’s
Discussion and Analysis of Financial Condition and Results of
Operations.” The forward-looking statements speak only as of the
date on which they are made and the Company does not intend, and
undertakes no obligation to update or publicly release any revision
to any such forward-looking statements, whether as a result of the
receipt of new information, the occurrence of subsequent events,
the change of circumstance or otherwise, except as required by law.
Each forward-looking statement contained in the Company’s proxy
statement is specifically qualified in its entirety by the
aforementioned factors. You are advised to carefully read the
Company’s proxy statement in conjunction with the important
disclaimers set forth above prior to reaching any conclusions or
making any investment decisions.
YOUR VOTE IS IMPORTANTVOTE
FOR THE SENOMYX NOMINEES ON THE
WHITE PROXY CARD TODAY
View source
version on businesswire.com: http://www.businesswire.com/news/home/20170502005929/en/
Sloane & CompanyDan Zacchei / Joe Germani,
212-486-9500dzacchei@sloanepr.com / jgermani@sloanepr.com
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