Cumulative voting for directors
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NORWALK, Conn. (HedgeWorld.com) - Pirate Capital LLC, the largest shareholder of Seattle-based Cutter & Buck, Inc., has issued a list of demands for corporate governance reforms at that clothing designer and marketer.
In a July 20 letter to Cutter & Buck's directors, Pirate said it wants a "poison pill" plan terminated more quickly than now scheduled. It also wants the elimination of supermajority requirements in the corporate charter, of the classification of the board of directors, and of the existing restriction on cumulative voting for directors.
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...(a) Voting stockholders of Farm Credit banks and associations... stockholder's discretion, except that cumulative voting for directors may be eliminated if 75 perce...
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... Act, would bring the acquiring entity's voting power to or above certain threshold levels - does ... the Act by resolution of its board of directors. 23-1-17-3(b). The Act applies only to "issuing . ... corporation laws commonly provide for cumulative voting. See 1 MBCA 33, 4; RMBCA 7.28.[Footnote 1...
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...Section 7. (Removed). Section 8. Cumulative Voting for Directors. Section 9. General Transitio...
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... concentration, capital market development, voting rights, and external finance. (25) But these broad... vires acts, obligations of officers and directors, auditors, stock acquisitions, mergers and consoli... its desire for discussions on cumulative voting for directors. (65) A similar seven-point m...
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..., issues surrounding the election of directors of public companies will once again come to the fo.... plurality vs. majority voting . In Canada, corporate statutes currently provide .... Cumulative voting, which is expressly permitted under both th...
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.... Board of Directors . Slate Ballots . Vote WITHHOLD from all directors.... Cumulative Voting . Vote FOR proposals to restore or permit c...
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...(1) Board of directors approval. The board of directors of the associatio... provides that there shall be no such cumulative voting: Provided, That this restriction on voting ...
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... power to vote 25 percent or more of the voting securities of a company;. (2) Controls in any mann... association; and (2) the MHC's board of directors expressly determines that a waiver of dividends by... provides that there shall be no such cumulative voting: Provided, That this restriction on voting ...