Item 5.07 Submission of Matters to a Vote of Security Holders.
On
The number of shares of Voting Stock present or represented by valid proxy at
the Annual Meeting was approximately 265,318,730 shares. At the Annual Meeting,
the Company's stockholders (i) elected each of
The Company's stockholders did not approve the proposed amendment to the Company's Articles of Incorporation to provide the board of directors with the authority to, at its discretion, fix by resolution or resolutions, the designations, rights and privileges of the Company's authorized preferred stock.
The following is a tabulation of the voting on the proposals presented at the Annual Meeting:
Proposal No. 1 - Election of Directors
Nominee Shares Voted For Shares Withheld Broker Non-Vote William D. Corbett 177,223,133 21,888,095 66,207,502 Richard Rosenblum 147,563,408 51,547,820 66,207,502 Madisson G. Corbett 163,353,921 35,757,307 66,207,502 Clifford W. Henry 147,365,918 51,745,310 66,207,502 David Rios 147,162,003 51,949,225 66,207,502
Proposal No. 2 - Ratification of the appointment of independent registered public accounting firm
The appointment of
Shares Voted For Shares Voted Against Shares Abstaining Broker Non-Vote 248,607,355 15,029,345 1,682,030 n/a 1
Proposal No. 3 - Approval of an amendment to the Company's Articles of Incorporation to effect a reverse stock split of the issued and outstanding shares of common stock at a ratio to be determined in the discretion of the board of directors within a range of one (1) share of common stock for every two (2) to thirty (30) shares of common stock
An amendment to the Company's Articles of Incorporation to effect the reverse
stock split at a ratio to be determined at the discretion of the Company's board
of directors during a two year period ending on
Shares Voted For Shares Voted Against Shares Abstaining Broker Non-Vote 255,141,894 8,538,514 1,638,322 n/a
Proposal No. 4 - Approval of an amendment to the Company's Articles of Incorporation to provide the board of directors with the authority to, at its discretion, fix by resolution or resolutions, the designations, rights and privileges of the Company's authorized preferred stock
An amendment to the Company's Articles of Incorporation to provide the Company's board of directors with the authority, at its discretion, to fix by resolution or resolutions, the designations, rights, and privileges of the Company's authorized preferred stock was not approved. The voting results were as follows:
Shares Voted For Shares Voted Against Shares Abstaining Broker Non-Vote 145,049,250 18,118,135 35,943,843 66,207,502
Proposal No. 5 - Approval of the adjournment of the Annual Meeting
The adjournment of the annual meeting was approved, although no adjournment was undertaken. The voting results were as follows:
Shares Voted For Shares Voted Against Shares Abstaining Broker Non-Vote 227,272,420 3,550,119 34,496,191 n/a 2
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