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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:

DirectorShares for% ForWithheld% Withheld
Roy J. Bostock 632,023,657 60.4%414,071,92739.6%
Ronald W. Burkle 649,373,29162.1%396,722,29337.9%
Eric Hippeau 948,862,57990.7%97,233,005 9.3%
Vyomesh Joshi971,594,65092.9%74,500,9347.1%
Arthur H. Kern 714,871,92568.3%331,223,65931.7%
Robert A. Kotick 967,044,81892.4%79,050,7667.6%
Mary Agnes Wilderotter964,939,72792.2%81,155,8577.8%
Gary L. Wilson 756,006,57672.3%290,089,00827.7%
Jerry Yang693,055,60266.3%353,039,98233.7%
Previously reported results:
Director Shares For % For Withheld % Withheld
Roy J. Bostock 832,023,657 79.5% 214,071,927 20.5%
Ronald W. Burkle849,373,291 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 Wilderotter964,939,727 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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