Proxy advisory firm supports Quality Systems' nominees over dissident slate

By Lisa Kerner

Charlotte, N.C., Aug. 25 - Quality Systems, Inc. said proxy advisory service Glass Lewis & Co. recommends shareholders vote for all of the company's board of director nominees at the annual meeting on Sept. 4.

Glass Lewis advised shareholders to vote against a proposal offered by dissident shareholder Ahmed Hussein, which would require the company to amend the definition of "independent director" in its corporate bylaws, according to a Quality Systems news release.

Shareholders were also encouraged by Glass Lewis to reject Hussein's slate of nominees at the annual meeting.

Quality Systems' director nominees are George Bristol, Patrick Cline, Philip N. Kaplan, Vincent J. Love, Russell Pflueger, Steven T. Plochocki, Sheldon Razin and Robert L. Smith.

According to Quality Systems, the Glass Lewis report noted the company's "positive, long-term financial performance accomplished primarily under the leadership of the company's board nominees and current management team."

In addition, Glass Lewis cited Hussein's "lack of a strategic plan and decision not to attend certain committee meetings during his tenure as a board member" as reasons not to support the dissident slate.

"Glass Lewis' support for our board nominees is a strong endorsement of the company's financial and operational performance and the pro-shareholder policies that have guided our efforts," Plochocki, Quality Systems' chief executive officer, said in the release. "We believe this is the right board to partner with management to continue to build value for our shareholders."

Quality Systems, based in Irvine, Calif., and its NextGen Healthcare Information Systems subsidiary develop and market computer-based practice management, patient records and connectivity and other applications and services for medical and dental group practices.

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