40) apiece, thus adjourning a stockholder vote
on the transaction for the second time.
PHH Corporation (NYSE:PHH) ("PHH," the "Company," "we," "our" and "us") today announced that RiskMetrics Group (formerly ISS) now recommends that PHH stockholders vote "FOR" all of the proposals that PHH will be presenting for a stockholder vote
at the 2009 Annual Meeting of Stockholders on June 10, 2009 (the "2009 Annual Meeting").
The Governance and Nominating Committee would then recommend to the Board whether to accept the resignation, and the Board would make a determination within 90 days after certification of the stockholder vote
If an incumbent director does not receive the necessary vote for re-election, the Board, acting on the recommendation of the Committee on Directors and Corporate Governance, must determine whether or not to accept the director's required resignation no later than 90 days following the certification of the stockholder vote
After the transaction, holders of the Class A common stock will continue to have one vote per share on all matters submitted to a stockholder vote
The Fund wants to minimize the risk of litigation challenging the results of any stockholder vote
, including the possibility that a second stockholder meeting might be required.
Stockholders rejected a proposal requesting that Sara Lee appoint an independent director as chairman of the board, and stockholders rejected a proposal requesting that Sara Lee commit to seek an advisory stockholder vote
on the Compensation Discussion and Analysis report that is included in the company's proxy statement.
The Board must take action on the recommendation within 90 days following certification of the stockholder vote
NYSE:SKP), a major provider of healthcare liability insurance, today announced that the preliminary results of the stockholder vote
to elect three directors to SCPIE's 12-person board indicate that SCPIE's nominees have been elected.
The Board shall disclose its decision, and the rationale behind it, within 90 days from the date of the certification of the stockholder vote
Under the terms of the agreement, the trial and all remaining proceedings in the litigation will be postponed pending a stockholder vote
on a rights plan to be held at News Corporation's annual stockholders meeting in October 2006.
Approval of the proposed charter and bylaw amendments will require an 80% supermajority stockholder vote