"The Corporation may require any proposed nominee to furnish such other information as it may reasonably require to determine the eligibility of such proposed nominee to serve as an independent director of the Corporation or that could be material to a reasonable stockholder’s understanding of the independence, or lack thereof"
Please read what you have posted. What we all have to understand is that shareholders elected the BOD to make decisions on their behalf. Until they are voted out, they have the authority to make all lawful decisions as they see fit. You seem to believe that Ronin could nominate Charles Manson and he would be automatically included on their red ballot. It is not that simple.
Ronin has not exactly endeared themselves to Peregrine, and will probably be treated with equal distain. I have always felt they made a miscalculation by calling the value of PS Targeting into question. Based on Ronin statements, it would seem be easy for Peregrine to make the argument that independence is at least suspect (IMO). If all nominees are rejected, it will be a two year court battle. When you attack the party in power and stir things up to get votes from shareholders, you need to expect a fight of procedural reckoning. That is by no means a statement in support of the three non employee board members.
IMO, if Ronin was smart they would try to work with Peregrine to get three nominees in place. If they continue their current approach, it would be shameful if we were saddled with CJ, DP and ES for another year, but I fear it could happen.
I am now done with this discussion, so let's agree to disagree and wait to see how the proxy fight plays out. EOM
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