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Bob Evans Farms, Inc. Message Board

  • airwolf1980 airwolf1980 Apr 26, 2012 4:34 PM Flag

    2 shareholder resolutions passed!

    I noticed in the Aug,2011 8K that 2 shareholder resolutions passed last summer. Good for the shareholders and good for the stock, which is up over 20% since the vote.

    Hopefully the company will follow through with the will of the shareholders. Over 97% of shares voted were in favor of the resolutions. The standard to win was over 80% of the OUTSTANDING shares. With about 30 Million outstanding, the resolutions needed over 24 Million votes of the 25 Million that voted.

    The resolutions were to "declassify the board," which means all directors face annual election and eliminating the silly 80% super majority rule to force a change in the board.

    This is a huge victor for the shareholder.

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