2010 Shareholder Meeting Update #19 – Q&A, Shareholder Resolution

Question: Sister Susan, presented shareholder resolution #8 – clarified that the way the SEC measures voting, it did pass (since it counts for vs against only without those that abstain).


Alan Braverman, Chief Legal Officer

Braverman: Company’s bylaws, abstentions do count with regards to shareholder proposals and company’s bylaws are what count. Under the bylaws, it fell short of 50%. SEC rules don’t determine passage, it’s a company’s bylaws.