VOTE NO! Requesting shares for
Actually, he does (although he isn't very clear about what he is saying to vote "NO" on.)
The proxy increases the incentive shares from 1.5 million to 4.5 million. This is not a vote to increase the total number of shares authorized by the company (and I looked to see how many that is but could not find it anywhere.)
These shares would be distributed over many years and likely would not have a significant - if any - affect on the current share price.
That said, I am not a big fan of these types of programs either but I guess it's the current way of compensating officers in any given company.