18040002 Informal Interpretation
… analysis. The fact that those directors need to receive 75% of the vote, rather than a simple majority, does not change … Kristin Kristin Shaffer Attorney Premerger Notification Office Federal Trade Commission 202-326-3434 | … the Section 801.12 formula to the following facts. Company X has four authorized directors elected as follows. …
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801.12
Assuming that all Series A Preferred Stock holders vote for two directors, we agree with your analysis. The fact that those directors need to receive 75% of the vote, rather than a simple majority...
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