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Posted On: 02/26/2019 8:54:39 PM
Post# of 15624
This is not a change but somewhat surprising. A Series A Preferred Stock holder has the same voting rights as a Common Stock shareholder, but they are not allowed to vote at the meeting. Anybody know why this would be the case? Also, does anyone know how common it is for a third party to be soliciting affirmative votes. Will this be done on an individual basis? I can't ever remember being approached for my vote related to stocks.
Required Vote:
The affirmative vote of a majority of the outstanding shares of Common Stock and Series A Preferred Stock entitled to vote is required for approval of the proposed amendment. Therefore, abstentions and broker non-votes will have the same effect as votes against this proposal.
Later on it states:
Our Common Stock is the only class of stock entitled to vote at the Meeting.
Required Vote:
The affirmative vote of a majority of the outstanding shares of Common Stock and Series A Preferred Stock entitled to vote is required for approval of the proposed amendment. Therefore, abstentions and broker non-votes will have the same effect as votes against this proposal.
Later on it states:
Our Common Stock is the only class of stock entitled to vote at the Meeting.
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