Published on 8/5/2008 in the Prospect News Special Situations Daily.
Yahoo! announces corrected election results from Aug. 1 meeting
By Lisa Kerner
Charlotte, N.C., Aug. 5 - Broadridge Financial Solutions, Inc., an independent voting intermediary, corrected errors it made in reporting director votes from Yahoo! Inc.'s annual meeting on Aug. 1.
When Broadridge reported voting results for "withholds", a truncation error occurred in reporting share numbers that exceeded eight digits.
Yahoo!'s inspector of elections, Corporate Election Services, notified the company of the correction, according to a Yahoo! news release.
The errors did not affect the outcome of the election and no errors were reported with respect to the other proposals presented at the annual meeting, the release noted.
Corrected election results:
Director | Shares for | % For | Withheld | % Withheld
|
Roy J. Bostock | 632,023,657 | 60.4% | 414,071,927 | 39.6%
|
Ronald W. Burkle | 649,373,291 | 62.1% | 396,722,293 | 37.9%
|
Eric Hippeau | 948,862,579 | 90.7% | 97,233,005 | 9.3%
|
Vyomesh Joshi | 971,594,650 | 92.9% | 74,500,934 | 7.1%
|
Arthur H. Kern | 714,871,925 | 68.3% | 331,223,659 | 31.7%
|
Robert A. Kotick | 967,044,818 | 92.4% | 79,050,766 | 7.6%
|
Mary Agnes Wilderotter | 964,939,727 | 92.2% | 81,155,857 | 7.8%
|
Gary L. Wilson | 756,006,576 | 72.3% | 290,089,008 | 27.7%
|
Jerry Yang | 693,055,602 | 66.3% | 353,039,982 | 33.7%
|
|
Previously reported results:
|
Director | Shares For | % For | Withheld | % Withheld
|
Roy J. Bostock | 832,023,657 | 79.5% | 214,071,927 | 20.5%
|
Ronald W. Burkle | 849,373,291 | 81.2% | 196,722,293 | 18.8%
|
Eric Hippeau | 948,862,579 | 90.7% | 97,233,005 | 9.3%
|
Vyomesh Joshi | 971,594,650 | 92.9% | 74,500,934 | 7.1%
|
Arthur H. Kern | 814,871,925 | 77.9% | 231,223,659 | 22.1%
|
Robert A. Kotick | 967,044,818 | 92.4% | 79,050,766 | 7.6%
|
Mary Agnes Wilderotter | 964,939,727 | 92.2% | 81,155,857 | 7.8%
|
Gary L. Wilson | 856,006,576 | 81.8% | 190,089,008 | 18.2%
|
Jerry Yang | 893,055,602 | 85.4% | 153,039,982 | 14.6%
|
|
| On Aug. 1, Yahoo! announced that its stockholders reelected all of the company's nominees to its board of directors.
|
| Carl Icahn was appointed to the board to fill the seat vacated by Robert Kotick who resigned as part of a previously announced settlement agreement, it was previously reported.
|
| The board voted to expand to 11 members from 9 members and expects to name two new directors by Aug. 15.
|
| Total shares represented at the meeting were 1,046,095,584, representing 75.8% of the 1,381,008,701 shares outstanding as of the June 3 record date, according to a prior Yahoo! news release.
|
| Stockholders also ratified the appointment of PricewaterhouseCoopers LLP as the Sunnyvale, Calif., internet services company's independent registered public accounting firm.
|
| However, stockholders rejected proposals relating to a pay-for-superior-performance principle for executive compensation, the establishment of policies on internet censorship and the creation of a board committee on human rights.
|
|
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