In reading the results of the voting that are listed in the 8-K I am confused by the following:
Both proposals relating to issuance of new stock and the company stock plan got about 2 million more yes votes than no votes and yet, the report indicates they did not receive a "majority" and, therefore, did not pass.
Have I missed something as to how many votes were needed to pass? Was it not a majority of votes cast because there are few abstentions listed. Can someone explain?
Regardless, it is nice to see that some shareholders did object to additional dilution and also to the on-going betterment of the BoD that stock plans contain
Also, I might note, Mir received twice as many negative votes than any other Board candidate, which should be seen as a vote of NO confidence. What is curious is why the LCDR candidate also got so many negative votes and why McConnell who was dumped as CEO did as well as he did. Any thought?
