How does prop no 3 not passing affect the stock? tia
Proposal No. 3: Approval of the First Amendment to the Vanguard Natural Resources, LLC Long-Term Incentive Plan This proposal is to approve the First Amendment in order to approve the increase in the maximum number of common units that may be granted as equity-based awards under the Plan. See Proposal No. 3 on page 37. The Board of Directors recommends a vote “FOR” this proposal.
I finally voted for all three, figured if you own units, you may as well go with the officers that you are betting on to take care of your interests. These are tough times with MLPs, however, as portfolio hits are significant.