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OmniAb, Inc. (NASDAQ:OABI) held its 2026 Annual Meeting of Shareholders on Wednesday. According to a press release statement based on the company’s filing with the Securities and Exchange Commission, shareholders voted on two proposals.

For the first proposal, shareholders elected Jennifer Cochran, Ph.D., and Matthew W. Foehr as Class I directors to serve three-year terms ending at the 2029 Annual Meeting. The leadership vote comes as OmniAb maintains a strong balance sheet with more cash than debt and a current ratio of 4.8, though the company remains unprofitable with a market cap of $294 million. Dr. Cochran received 57,948,696 votes in favor and 25,997,984 votes withheld, with 18,464,904 broker non-votes. Mr. Foehr received 82,231,849 votes in favor and 1,714,831 votes withheld, with 18,464,904 broker non-votes.

The second proposal was the ratification of Ernst & Young LLP as OmniAb’s independent registered public accounting firm for the fiscal year ending December 31, 2026. The appointment was ratified with 102,163,551 votes for, 112,653 votes against, and 135,380 votes abstaining. There were no broker non-votes recorded for this proposal.

OmniAb’s common stock trades on The Nasdaq Global Market under the symbol OABI, and its warrants trade on The Nasdaq Capital Market under the symbol OABIW.

All information is based on a press release statement and the company’s SEC filing.

In other recent news, OmniAb, Inc. reported a notable year-over-year revenue increase for the first quarter of 2026. The company’s total revenue reached $14.4 million, marking a 242.9% rise compared to the same quarter last year. This surge in revenue is attributed to advancements in partner programs and new agreements. Despite a net loss of $7.7 million, OmniAb has shown an improved profitability trajectory from the previous year. Analysts have not provided specific upgrades or downgrades for the stock in the latest reports. The company’s recent developments indicate a positive shift in its financial performance, although it continues to work towards achieving profitability. No further mergers or acquisitions were reported in the recent updates.

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