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Heritage Bankshares Inc. Message Board

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  • barkingdog78 barkingdog78 May 7, 2009 10:13 AM Flag

    Vote "NO" on amending the articles ...

    According to the 8-K filed earlier this year (link posted on this thread):

    "Other material terms and conditions of the new awards are as follows: (i) the options will be incentive stock options to the extent permitted;"

    It's not in the company's interest to issue incentive stock options (ISOs). There is no significant tax benefit to the company. ISOs only favor the insiders who receive them. Nonqualified stock options are much more beneficial to the company and the shareholders.

    Express your disapproval of these actions. Exercise your rights as a shareholder: VOTE NO TO AMENDING THE ARTICLES!

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