On December 28, 2012, the Meldrum Group announced that it has entered into a shareholders agreement with Zix Corporation. In addition, the Meldrum Group stated that under the terms of the agreement, the Company has agreed to add 2 Meldrum Group designees, Mark J. Bonney and Michael E. Dailey, to its Board effective as of January 1, 2013. Further, the Meldrum Group stated that as part of the agreement, it has withdrawn its request for a special meeting of shareholders and related proposals, and also has agreed to vote their shares in support of the Board's nominees at Company's 2013 annual meeting of shareholders, and not to solicit proxies in connection with this meeting.