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ModusLink Global Solutions, Inc. Message Board

  • spook2b spook2b Dec 18, 2013 2:11 PM Flag

    Any news from the annual meeting??

    I think it was set for noon eastern time. MLNK share price just set a new high for the day & year @ $4.89. It's possible we could have a $5 print in the near future - that would be cool.

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    • They voted on Proposal 1. At the Annual Meeting, stockholders elected Anthony Bergamo as a Class II Director (Proposal 1) and approved, on an advisory basis, the compensation paid to the Company’s named executive officers (Proposal 3) as reported in the proxy statement.

      Tabled Proposal 2 to gather more votes. (Declassify the board, until Jan. 2014)
      The Company adjourned the Annual Meeting to allow for additional time for stockholders to vote on Proposal 2 to amend the Company’s Restated Certificate of Incorporation to declassify the Board of Directors. The Annual Meeting will reconvene on January 15, 2014 at 9:00 a.m. Eastern time at the offices of Olshan Frome Wolosky LLP, located at 65 East 55th Street, New York, NY 10022 for the purpose of holding a stockholder vote on Proposal 2.

      Proposal 2 would eliminate the classification of the Board and provide instead for the annual election of Directors commencing with the Company’s 2014 annual meeting of stockholders, which will be held after the fiscal year ending on July 31, 2014.

      Sentiment: Hold

    • Yea, someone on the street kicked Lawler in the balls!!! (o:

      Sentiment: Hold

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