Imagine, if you will, a situation where one (the RS) passes, but two (the share reduction) fails. Could something like this happen? Read your proxy because this possibility is addressed.
Who knows. Better for no-on-1 voters to vote yes on #2 just in case. Based on our survey, some people did answer no on #1 and no on #2 there, unless they just made that mistake on the survey and not the actual vote.