I read the Barron's article, I have read the posts here on this proposal, and I have looked over the proxy statement. Based upon that, I just voted NO across the board on the proposal. In my opinion, there is absolutely no justification in giving the outgoing management a $20 million windfall.
This stock has dropped over the last 12 months from around $9.74 to $6.84 as I write this. In my opinion with that kind of horrible performance, management should give back all of their management fees for the past year. I will gladly vote YES for a proposal that is fair to the stockholders if only for the reason of getting rid of this management team.