Special Stockholder's Meeting Tues Aug 14,2012
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.