The preliminary proxy was put out last week. Please join me in voting NO on the Stock Incentive Plan they want to put in place. The Board wants to issue 1 million shares to themselves. I wouldn't have a problem if there had been performance. This can be defeated if everybody takes the time to vote against it.http://www.sec.gov/Archives/edgar/data/1069996/000114036112031530/formpre14a.htm
How long is this mil shares being distributed over?
Up to the discretion of the Compensation Committee:WilcoxDorfSimbergKimbroughHartThey could theoretically have already given all 1MM shares out already, subject to approval. The Board approved this plan in April. What's interesting to me is they kept the ability to reissue expired or forfeited shares. This was a change that they got for the 2002 stock plan when they couldn't get the 2009 stock plan passed.