DYADIC INTERNATIONAL INC 8-K

What Happened
Dyadic International, Inc. held its 2026 Annual Meeting of Shareholders on June 18, 2026 and filed the voting results. Shareholders elected Seth J. Herbst, M.D. as Class I director, approved the board’s authorization to effect a reverse stock split within the range described in the proxy, ratified Crowe LLP as the company’s independent auditor for 2026, and approved the advisory “say‑on‑pay” vote.

Key Details

• Director election (Class I): Seth J. Herbst, M.D. — For: 18,121,850; Withheld: 1,174,107; Broker non‑votes: 10,313,240. (For vote ≈ 93.9% of shares voting on the election.)
• Reverse stock split authorization (Proposal 2): For 25,419,068; Against 3,725,962; Abstained 464,167. (For ≈ 85.9% of votes cast on the proposal.)
• Auditor ratification (Proposal 3): Crowe LLP ratified — For 28,623,686; Against 517,907; Abstained 467,604. (For ≈ 96.7% of votes cast.)
• Advisory vote on executive compensation (Proposal 4): For 18,213,001; Against 343,799; Abstained 739,157; Broker non‑votes: 10,313,240. (For ≈ 94.4% of shares voting on the advisory item.)

Why It Matters
The approved reverse stock‑split authorization gives Dyadic’s board the discretion to consolidate outstanding shares within the proxy’s specified range if it chooses, which would reduce share count and increase the per‑share price proportionally if implemented. Election of the Class I director and ratification of Crowe LLP ensure continuity of governance and the company’s independent auditor. The strong advisory vote on executive compensation signals shareholder support for the company’s pay practices (non‑binding). Investors should note these governance actions and any future board decision to implement a reverse split, which would directly affect share structure and per‑share metrics.