Here's list of items that are to be voted on. Management recommends voting "for" all items. My plan is to vote against the reverse stock split (item 8).
1. Proposal to amend exhibit a to the articles of incorporation to cancel the amount of undeclared dividends in respect of the preferred stock that is accumulated but undeclared. 2. Amend exhibit a to articles to change the designation of preferred stock from "cumulative" to "non-cumulative". 3.proposal to amend exhibit a to the articles of incorporation to cancel the restrictions on emmis' ability to pay dividends or make distributions on, or repurchase, its common stock or other junior stock, all as more fully described in the proxy statement. 4. Amend exhibit a to articles to change the ability of preferred stock holders to require emmis to repurchase all of such holders' preferred stock. 5.amend exhibit a to articles to change ability of preferred stock holders to convert all preferred stock to class a common stock. 6. Amend exhibit a to the articles to change ability of preferred stock holders to vote as a separate class on a plan of merger, share exchange, sale of assets or similar transaction. 7.amend exhibit a to articles to change conversion price adjustment applicable to merger, reclassification. 8.proposal to authorize the board of directors, in their discretion, to amend the articles of incorporation to effect, at any time until the earlier of (i) the 2013 annual meeting or (ii) june 30, 2013, a reverse stock split within the approved range.