3 concerning amendments to the Company's Certificate of Incorporation
to create a classified Board of Directors and permit only the Board of Directors to fill vacancies and Proposal No.
Following the Stockholder Meeting, on January 26, 2009, the Company filed an amendment to its Certificate of Incorporation
to effect the reverse stock split and the increase in the number of authorized shares of common stock.
The amendments to the Company's amended and restated certificate of incorporation
were filed with the Delaware Secretary of State on January 21, 2009 and became effective at the time of filing.
The Company recommends that its shareholders vote for each of management's proposals, including the proposed amendments to CIGNA's Restated Certificate of Incorporation
, and encourages each of its shareholders to vote their shares of CIGNA stock.
Approved an amendment to the Company's Certificate of Incorporation
to increase the number of authorized shares of the Company's common stock from 1,000,000,000 shares to 2,000,000,000 shares
At the same time, shareholders holding a majority of the company's common stock approved the deletion of a provision in the company's certificate of incorporation
that allowed shares of the company's common stock to be "dragged-along" in a transaction arranged by the company's largest shareholder.