After reading magilla's ref post had to ask myself why IDCC would want to close down the Employee Stock Purchase Plan at this point in time?? Hmmm,...
Best thought so far is that it would make sense to eliminate those 846,000 "registered, but non voting" shares from the total outstanding when/if there was concern that a hostile takeover could be looming on the horizon. Maybe it's part of an early stage "battle stations" drill before making a decision to trigger the rights explosion defense that is defined in the firm's "poison pill" provisions is what I'm saying.
Guessing the IDCC BOD would only put that defense into force after a hostile bid actually materialized, but IMO it makes sense that they would take steps to harden their defenses ahead of a potential threat. Never boring around here!
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