Item 5.07 Submission of Matters to a Vote of Security Holders
On
Proposal No. 1 - To consider and vote upon a proposal to approve the Asset
Purchase Agreement, dated as of
For Percent of Outstanding Percent of Voted 26,381,832 54.84%
94.70 Against Percent of Outstanding Percent of Voted 1,476,077 3.06% 5.29% Withheld Percent of Outstanding Percent of Voted 5,990 0.01% 0.02%
There were no Broker Non-Votes regarding Proposal No. 1.
The approval of the Asset Sale required the affirmative vote of the holders of a
majority of the outstanding shares of the Company's common stock (par value
Proposal No. 2 - To grant authority to the Board of Directors of the Company (the "Board") to adjourn the Special Meeting, even if a quorum is present, if necessary or appropriate in the sole discretion of the Board, including to solicit additional proxies in the event that there are insufficient shares present in person or by proxy voting in favor of the Asset Sale. The shareholders voted as follows:
For Percent of Outstanding Percent of Voted 22,884,882 47.57%
82.25% Against Percent of Outstanding Percent of Voted 4,969,877 10.33% 17.84% Withheld Percent of Outstanding Percent of Voted 9,140 0.01% 0.03%
There were no Broker Non-Votes regarding Proposal No. 2.
There were no other matters voted upon or discussed at the Special Meeting other than the Proposals noted above.
2
© Edgar Online, source