Mikros Systems Corp. (fka MKRS)

[bigpike]

The game is getting interesting. Check out the new filing.

Through this proposal, Horton hereby submits a business proposal for approval by stockholders at the Annual Meeting to require the Company to take steps to implement good corporate governance policies by amending the Company’s By-Laws to incorporate the following provisions:


(i)Adopt a majority voting standard in uncontested director elections;

(ii)Reduce the size of the Board of Directors to five (5) members;

(iii)Adopt a requirement that the Board of Directors be comprised of a majority of independent directors, with the definition of independence set forth in accordance with the rules of the Nasdaq Stock Market (Nasdaq);

(iv)Establish term limits of twelve (12) years and age limits of 85 years old for re-election of members of the Board of Directors;

(v)Adopt an anti-nepotism policy prohibiting the appointment of related directors and/or hiring of related employees without approval by the majority of independent directors;

(vi)Separate the Chairman of the Board of Directors and Chief Executive Officer positions; and