Although he failed to win, the court criticized shareholder meetings
that were mostly staged and controlled by loud employees, warning that: "If a corporation arranges rehearsals for the meeting in order to expedite proceedings with shouting, such a shareholder meeting
might be invalid.
Phillip Goldstein, a co-manager of Full Value Partners, commented: "The law requires the board to call a shareholder meeting
This shareholder meeting
provided an excellent opportunity to further inform our shareholders as we strengthen our brand and intellectual property portfolios through acquisitions and internal new drug development.
Further details about the annual shareholder meeting
and the recommendations of the Trustees will be included in a proxy statement filed with the Securities and Exchange Commission and mailed to Fund shareholders in advance of the shareholder meeting
Under Longview's bylaws, the Company is required to hold a special shareholder meeting
upon receipt of demands from shareholders representing at least 10 percent of the Company's outstanding shares.
Proposals 4A, 4B, 4C, 4D, and 4G pertained, respectively, to: unlimited voting rights for common stock (4A); the elimination of Series A Preferred stock (4B); shareholder proposals for shareholder meetings
(4C); the elimination of provisions relating to "Acquiring Entities" (4D); and, the indemnification of directors and officers (4G).
The shareholder meeting
will conduct the business of ratifying the Board of Directors, and ratifying Pender Newkirk & Company, CPAs as its independent auditing firm.
Hollywood did not hold an annual shareholder meeting
in 2004 because it anticipated that a date for a special shareholders meeting to approve Hollywood's acquisition by affiliates of Leonard Green & Partners, L.
materials will be prepared and mailed in the middle of February, 2005 with shareholder meetings
for each of the companies scheduled for March, 2005.
Each joint shareholder meeting
has been scheduled for Thursday, January 13, 2005 at 11:00 a.
This proposal regarding the creation of a holding company structure is scheduled to be voted on at a special shareholder meeting
set for December 8, 2004.
00 minimum bid price requirement at the end of such period, the company would be afforded an additional compliance period up to its next shareholder meeting
to regain compliance, provided that the company commits: (1) to seek shareholder approval for a reverse stock split at or before its next shareholder meeting
and (2) promptly thereafter effects the reverse stock split.