9 nominees · 2 ballot items.
Two management proposals are up for a vote: the Reverse Split Proposal to implement a reverse stock split and reduce authorized common stock, and the Adjournment Proposal to adjourn the meeting to allow for additional proxy solicitation.
Amend the Certificate of Incorporation to effect a reverse stock split at a ratio between 1-for-10 and 1-for-30, determined by the Board, and reduce authorized common stock from 250,000,000 to 25,000,000, with the reverse split conditioned on consent of Series C Preferred Stock.
To approve the adjournment of the Special Meeting to the extent there are insufficient proxies at the Special Meeting to approve the Reverse Split.
| # | Owner | % of shares | Shares | Value |
|---|---|---|---|---|
| 1 | Two Seas Capital LP | 6.35% | 461,539 | $5M |
| 2 | FIRST MANHATTAN CO. LLC. | 0.33% | 23,805 | $242K |
| 3 | GEODE CAPITAL MANAGEMENT, LLC | 0.14% | 10,237 | $104K |
| 4 | VANGUARD CAPITAL MANAGEMENT LLC | 0.08% | 5,917 | $60K |
| 5 | VANGUARD FIDUCIARY TRUST CO | 0.07% | 5,429 | $55K |
| 6 | BlackRock, Inc. | 0.03% | 2,416 | $25K |
| 7 | GEODE CAPITAL MANAGEMENT, LLC | 0.02% | 1,540 | $16K |
| 8 | Tower Research Capital LLC (TRC | 0.01% | 622 | $6K |
| 9 | MORGAN STANLEY | 0.00% | 165 | $2K |
| 10 | CWM, LLC | 0.00% | 157 | $2K |
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