I wonder how vulnerable the Board is to having a member removed and/or having someone added by the so-called non-employee shareholders. Of course, they could issue more shares to negate such and effort but that puts them further down the wrong path. While they may be within their legal rights at some point they must realize their actions demonstrate a failure to address the interests and preferences of all shareholders.

I bring up their vulnerability to losing some control as their failure to obtain sufficient votes to pass the R/S proposal denotes a degree of vulnerability to shareholder protest.