IMO it will come down to if the company has a quorum of votes in, either voted or abstained:

Quote:

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Quorum. Most corporate bylaws require a quorum at a shareholder meeting to hold a vote. A quorum is usually reached when the shareholders present or represented at the meeting own more than half of the corporation's shares.

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https://www.google.com/#q=quorum+for+a+shareholder+vote

IMO