Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On
Item 5.07 Submission of Matters to a Vote of Security Holders.
As disclosed in the Proxy Statement, as of the close of business on
The final voting results for each of the proposals submitted to a vote of stockholders at the Special Meeting are as follows:
Proposal 1 - Approval of the Plan of Dissolution
The Company's stockholders approved the Dissolution of the Company pursuant to the Plan of Dissolution, which authorizes the Company to liquidate and dissolve the Company in accordance with the Plan of Dissolution. The voting results are set forth in the table immediately below:
For Against Abstained 46,030,603 393,418 46,253
Proposal 2 - Non-binding Advisory Vote on Compensation of Named Executive Officer
The Company's stockholders approved, on an advisory (non-binding) basis, the compensation of the Company's named executive officer that is based on or otherwise relates to the Dissolution. The voting results are set forth in the table immediately below:
For Against Abstained 37,339,315 8,947,847 183,112
Proposal 3 - Adjournment of the Special Meeting, if necessary or appropriate
In connection with the Special Meeting, the Company also solicited proxies with respect to any proposal to adjourn the Special Meeting to a later date or dates, if necessary or appropriate, including to solicit additional proxies to approve the dissolution and liquidation of the Company pursuant to the Plan of Dissolution if there are insufficient votes to approve the dissolution and liquidation of the Company pursuant to the Plan of Dissolution at the time of the Special Meeting. Because there were sufficient votes represented at the time of the Special Meeting to approve the dissolution and liquidation of the Company pursuant to the Plan of Dissolution, the proposal to approve one or more adjournments of the Special Meeting was moot and was not presented for approval by the Company's stockholders at the Special Meeting.
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