Re: Agoracom
posted on
Sep 14, 2015 06:51PM
As I interpret the six rules you did not violate any of them.
This is how the votes break down: expressed in percentages of total votes
Falk--51.4 for, 48.6 against
Cocumelli--67.0 for, 33.0 against
Warden-- 44.7 for, 55.3 against
Polis--45.6 for, 54.4 against
Under the current by laws of the company "the highest 4 vote getters for the board are elected" so we have the same 4 we started with. Two of the board members have a backing of less than half and the CEO has the backing of slightly above half.
Advisory vote on executive compensation:
For 35.6 Against 62.7 Abstain 1.6
Equity based compensation plan:
For 40.0 Against 58.7 Abstain 1.3
A majority of the votes were not in favor of either of the compensation proposals.
Based on this math, I do not believe that you violated any of the rules. What remains to be seen is will you hear an answer from Agoracom.