Maybe the proposal was drafted in December and released today? I think clarification is needed as it doesn't make sense what they will do next year in this year's proxy. I hope they meant beginning sometime in 2018.
We were once told it was their intentions to provide 10% of profits to shareholders. I wonder if that is still a goal along with the O/S & A/S reduction. At this juncture I will take anything they can do if revenues permit. My point is why wait till next calendar year if retain earnings covers possible contingencies. Begin the process don't wait.