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National Western Life Group, Inc. Message Board

  • bbarberayr bbarberayr Jun 25, 2012 4:25 PM Flag

    Board Vote Results Are Out

    Class A Director Nominee For Withheld

    Robert L. Moody 2,220,018 576,812
    Stephen E. Glasgow 2,362,139 434,691
    E.J. Pederson 2,092,408 704,422

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    • Wow!!

      A company guy gets less than 50% of non management/bod/insider votes. i see approximately 840k votes for EJ out of 2mm non management shares.

      breaking down the numbers shows that outside of management/bod votes that 45% of independent shareholders went thru the effort to withheld the vote for the management nominee. and that ignores the 400k or so of non votes which in my mind are no votes.

      hopefully this is a nice small way of shareholders asking the BOD/Management to do something about unlocking some value here. a tender offer, share buyback announcement or increased dividend would be very helpful to the shareholders who have seen their shares become worth much less over the past few years.

      but i believe shareholders are willing to give mr. moody a year to do something. i believe he's earned that right given the way they have managed the business over the past 20 years.

    • Here are the results from 2011:

      For Withheld
      Robert L. Moody 2,314,201 575,413
      Stephen E. Glasgow 2,812,582 77,032
      E.J. Pederson 2,787,949 101,665

 
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