Shareholders of record will have to opportunity to vote for a slate of directors via the proxy statement which has yet to be filed. In theory Missling could be removed as a director if a majority of the shares are voted against him. However, Missling’s tenure as CEO is not subject to a shareholder vote. Only the board can remove him from his position. One possibility would be for shareholders to vote against the current directors en masse and demand a new BOD. In reality, this never happens.
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