Company: PTHS
Filing Date: 2025-11-25
Form Type: DEF 14A
Source: 0001753926-25-001827
Chunk: 4

Company: Pelthos Therapeutics Inc.
Filing Date: 2025-11-25
Form: DEF 14A
Chunk 4
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, from time to time, without further notice if the time and place of the adjourned meeting are announced at the meeting at which the adjournment is taken. Shares represented by proxies which contain withhold votes or abstention votes, as well as “broker non-vote” shares (described below), are counted as present for purposes of determining the presence of a quorum for the Annual Meeting.

All properly executed proxies delivered pursuant to this solicitation and not revoked will be voted at the Annual Meeting as specified in such proxies.

Vote Required for Election of Directors (Proposal No. 1). Our Articles of Incorporation, as amended (“Articles of Incorporation”) do not authorize
cumulative voting. Delaware law and our bylaws (“Bylaws”) provide that our directors are to be elected by a plurality
of the votes cast by the holders of shares of Common Stock in person, by remote communication, if applicable, or represented by
proxy at the Annual Meeting and entitled to vote generally on the election of directors. This means that the seven (7) candidates
receiving the highest number of affirmative votes at the Annual Meeting will be elected as directors. Only shares that are voted
in favor of a particular nominee will be counted toward that nominee’s achievement of a plurality. Shares present at the
Annual Meeting that are not voted for a particular nominee or shares present by proxy where the shareholder properly withheld authority
to vote for such nominee will not be counted toward that nominee’s achievement of a plurality.

Vote Required to Waive the Exchange Cap in connection with Certain Financings (Proposal No. 2). Our Bylaws provide that, on all matters (other than the election
of directors and except to the extent otherwise required by our Articles of Incorporation, Bylaws or applicable Nevada law), a
majority of all the votes cast by the holders of shares of Common Stock present in person, by remote communication, if applicable,
or represented by proxy at the meeting and entitled to vote generally on the subject matter will be required for approval. Accordingly,
a majority of all the votes cast by the holders of shares of Common Stock present in person, by remote communication, if applicable,
or represented by proxy at the meeting and entitled to vote will be required to waive the Exchange Cap in connection with certain
financing agreements with certain shareholders of the Company.

Vote Required for Ratification of Independent Registered Public Accountants (Proposal No. 3). Our Bylaws provide that, on all matters (other than the election
of directors and except