Results of the invalid election of directors

If there had been a quorum at the June 30 Annual Meeting of shareholders, new candidates Steven Muro and Dave Stephenson would have replaced incumbents Doug Off and Roger Whitlock.  Here are the cumulated votes won by each candidate:

  • Steven Muro         204.71
  • Dave Stephenson 203.09
  • Alma Quezada      147.23
  • Laurie Bennett      
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Manipulating director elections by controlling whether there is a quorum

Crestview’s July 15 letter says there was no quorum at the June 30 annual meeting.  Only 46% of shares were present despite strong proxy gathering by at least two non-incumbents.  In 2021, when there were no non-incumbent candidates, the meeting was held on time with 56% attendance.  In 2020, when … Read more