Bradley L. Radoff Announces Intent to Withhold Votes from Chair and CEO William Greenman and Director Ann Lucena
Significant shareholder Bradley L. Radoff announced he will withhold votes for Chair/CEO William Greenman and Director Ann Lucena at Cerus’ 2026 annual meeting on June 2. Radoff cites a 10-year total shareholder return of -50.8% and a near-doubling of the share count from ~102 million to ~200 million as evidence of value destruction and excessive dilution.
Key figures
- Operating expenses
- $150 million
- Share count march 2016
- 101710815
- Share count march 2026
- 200316000
- Shareholder return 10y
- -50.8%
- Proposed share increase 2026
- 10 million shares
- Vote against equity plan 2023
- 43.5%
- Vote against equity plan 2025
- 34.7%
AI analysis
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