On April 13, 2010, the following matters were voted upon by the Corporation’s shareholders at the Annual Meeting of Shareholders:
(1
)
The election of three members to the Board of Directors;
(2
)
The approval of the form and use of the Corporation’s indemnification agreement for directors;
(3
)
The adoption of the Omnibus Stock Option Plan
The following is a summary of the voting results for each matter presented to the shareholders at the Annual Meeting:
Election of Directors:
Director’s Name
Votes For
Votes Against
Votes Abstained
Broker Non-Votes
-
-
-
-
-
Ralph A. Macali
6,348,573
701,699
114,697
3,219,663
Frank L. Paden
6,196,000
899,520
69,450
3,219,662
Earl R. Scott
6,341,266
739,711
83,993
3,219,662
All three directors were re-elected to serve three-year terms expiring at the 2013 Annual Meeting of Shareholders of the Corporation.
Approval of Indemnification Agreement for Directors:
Votes For
Votes Against
Votes Abstained
Broker Non-Votes
8,397,758
947,489
575,434
493,951
The number of votes needed to approve this matter is 6,759,803
The form and use of the Corporation’s indemnification agreement for directors was approved by the Corporation’s shareholders.
Approval of Omnibus Stock Option Plan:
Votes For
Votes Against
Votes Abstained
Broker Non-Votes
4,915,368
1,702,700
546,901
3,219,663
The number of votes needed to approve this matter is 6,759,803
The Corporation’s Omnibus Equity Plan was not approved by the Corporation’s shareholders.
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