10:10 AM EDT, 08/04/2025 (MT Newswires) -- Quanterix ( QTRX ) said Monday it has entered a cooperation agreement with Kent Lake Capital to appoint a new independent director.

Under the agreement, both parties will participate in a comprehensive search process to identify a new independent director by Dec. 1.

Additionally, Quanterix ( QTRX ) said it plans to seek shareholder approval at its 2025 annual meeting to declassify its board and amend bylaws to adopt a majority voting standard for uncontested director elections.

Kent Lake has agreed to withdraw its director nominations and shareholder proposals.

Shares of Quanterix ( QTRX ) were down about 1.4% in early Monday trading.

Price: 5.78, Change: -0.08, Percent Change: -1.37