Monday, June 02, 2003 1:01:24 PM
InterDigital Communications, Corp. (Top)
Meeting Date: 6/4/03 Votes Notes
1. Elect Directors
For
2. Amend the Company's 2000 Stock Award and Incentive Plan to increase the amount of shares authorized
Against
We believe this option request of an additional 5,000,000 shares is too generous to Officers and Directors and too dilative to common stockholders. Currently, a total of 10,769,434 shares to be issued upon exercise of outstanding options, warrants and rights are already reserved for Directors and Employees. That is 19.1% of the 2002 year-end total shares outstanding (56.009 million shares). We believe management's request for an additional 5,000,000 shares borders on outright greed. This is an additional 8.9% potential dilution - too generous in our view.
3. Ratify independent accountants
For
Recent IDCC News
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