Radoff-JEC Group pushes for board change at Seer, Inc.

The Radoff-JEC Group, which holds approximately 7.7% of shares in Seer, Inc. (NASDAQ: SEER), has released a presentation calling for stockholders to replace three board members at the company's annual meeting scheduled for July 28, 2026.

The group, composed of Bradley L. Radoff and Michael Torok along with certain affiliates, is urging stockholders to vote against Chair and CEO Omid Farokhzad, M.D., Compensation Committee Chair Terrance McGuire, and Director Deep Nishar. In their place, the group is nominating Howard H. Berman, Ph.D., Joshua S. Horowitz, and Luis E. Rinaldini.

According to the presentation, Seer's share price has declined 97% from December 4, 2020 through April 10, 2026. The group claims the company has burned more than $310 million in cash since its IPO. Seer's market capitalization stood at $92.4 million as of May 20, 2026, per FactSet data cited in the presentation.

The group also states that Dr. Farokhzad sold over $103 million worth of Seer shares since the company's IPO, based on Form 4 filings. The presentation further alleges that Dr. Farokhzad spent time leading Dynamics Special Purpose Corp. (NASDAQ: SNTI), a SPAC, while serving as Seer's CEO. Shares of that SPAC have lost 98.3% of their value since Dr. Farokhzad took it public, according to FactSet data cited by the group.

The Radoff-JEC Group also contends that Seer's board adopted a poison pill that it characterizes as anti-stockholder, and that McGuire and Nishar participated alongside Dr. Farokhzad at the SPAC, receiving fees and compensation there.

The group describes its three nominees as independent directors with backgrounds in biotechnology, corporate governance, capital allocation, and mergers and acquisitions.

The information above is based on a press release issued by the Radoff-JEC Group.

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