Not independent
Tenure on this board
3.7 yrs
7 nominees · 3 ballot items.
Three board-supported proposals: (1) a 1-for-10 reverse stock split to be implemented at the Board's discretion within one year; (2) reduction of authorized common shares from 450,000,000 to 425,000,000; and (3) adjournment of the Special Meeting to permit further solicitation if necessary.
Amend the Certificate of Incorporation to implement a reverse stock split at a ratio of 1-for-10, to be effected in the Board's sole discretion within one year; the number of authorized shares remains unchanged; fractional shares will be rounded up; the Board may abandon the proposal prior to effectiveness.
Amend the Certificate of Incorporation to reduce the number of authorized common shares from 450,000,000 to 425,000,000; intended to align with current and anticipated needs and reduce Delaware franchise taxes; effectiveness upon filing following the meeting; effect on outstanding shares and rights is nil.
Approve adjourning or postponing the Special Meeting to a later date to permit further solicitation and voting if necessary to secure a favorable outcome on Proposals 1 and 2.
| # | Owner | % of shares | Shares | Value |
|---|---|---|---|---|
| 1 | GEODE CAPITAL MANAGEMENT, LLC | 1.18% | 47,159 | $175K |
| 2 | VANGUARD CAPITAL MANAGEMENT LLC | 0.72% | 28,791 | $107K |
| 3 | JANE STREET GROUP, LLC | 0.52% | 20,950 | $78K |
| 4 | VANGUARD FIDUCIARY TRUST CO | 0.34% | 13,692 | $51K |
| 5 | GEODE CAPITAL MANAGEMENT, LLC | 0.21% | 8,483 | $32K |
| 6 | JANE STREET GROUP, LLC | 0.18% | 7,010 | $26K |
| 7 | PNC FINANCIAL SERVICES GROUP, INC. | 0.04% | 1,748 | $7K |
| 8 | Tower Research Capital LLC (TRC | 0.03% | 1,395 | $5K |
| 9 | BlackRock, Inc. | 0.02% | 913 | $3K |
| 10 | UBS Group AG | 0.02% | 793 | $3K |
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