Actually, Milestoned the Resident Spin Meister, did not tell us "the rest of the story" regarding the actual reason why it appears only 25% of us voted during this last election. Don't be mis-led by our resident TPL/PTSC bod damage control expert. The following is taken from our last 10Q. Notice the large difference in the numbers voting for/against the BOD and the numbers voting for/against ratifying our Auditors:
1. Proposal to ratify management’s selection of KMJ Corbin & Company LLP as our independent auditors:
|
Votes For
|
|
Votes Against
|
|
Votes Abstaining
|
|
302,021,274
|
|
26,789,475
|
|
5,508,620
|
On July 1, 2009, the SEC approved a proposal prohibiting discretionary voting by brokers of shares held by their customers in street name in uncontested elections of directors effective for shareholder meetings beginning in 2010. Brokers may continue to vote as they wish on routine matters (such as ratification of auditors) on behalf of their beneficial owner customers provided the customer has not given specific voting instructions to the broker at least 10 days before a scheduled meeting.
The results of the SEC’s July 2009 action are reflected in the difference between voting totals for our ratification of auditors proposal as compared to the voting totals for our election of directors proposal.
|
Director
|
|
Votes For
|
|
Votes Abstaining
and/or Against
|
|
Carlton M. Johnson, Jr.
|
|
47,635,901
|
|
43,155,665
|
|
Helmut Falk, Jr.
|
|
48,915,455
|
|
41,876,111
|
|
Gloria H. Felcyn
|
|
48,582,583
|
|
42,208,983
|
|
Donald E. Schrock
|
|
67,649,501
|
|
23,100,290
|
|
Dharmesh Mistry
|
|
71,319,001
|
|
19,472,565
|
.
.
.
