(Total Views: 526)
Posted On: 10/28/2021 11:24:10 AM
Post# of 155734
Re: craigakess #108902
I don't know the answer to that question.
But it does appear that fewer than 50% of the shares were voted on the company proxy card.
I don't see how submitting a proxy that cannot be counted (i.e. the activist proxies) would have any bearing other that to establish a quorum (but that still seems very odd / illogical to me -- you can establish a quorum, but the proxy card you are using is completely invalid).
The results also seems to imply that the pro current BOD shareholders do not make up 50% of the shareholder base (as even dissenting votes would count toward the quorum).
But it does appear that fewer than 50% of the shares were voted on the company proxy card.
I don't see how submitting a proxy that cannot be counted (i.e. the activist proxies) would have any bearing other that to establish a quorum (but that still seems very odd / illogical to me -- you can establish a quorum, but the proxy card you are using is completely invalid).
The results also seems to imply that the pro current BOD shareholders do not make up 50% of the shareholder base (as even dissenting votes would count toward the quorum).
(1)
(0)
