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Q:
Will my shares be voted if I do not
provide my proxy?
A:
It depends on whether you hold your
shares in your own name or in the
name of a brokerage firm. If you hold
your shares directly in your name,
then they will not be voted unless you
provide a proxy or vote in person at
the Annual Meeting. Brokerage firms
or other nominees generally have the
authority to vote customers’
uninstructed shares on certain
“routine” matters. If your shares are
held in the name of a brokerage firm,
the brokerage firm has the
discretionary authority to vote your
shares in connection with the
ratification of our independent
registered public accounting firm if
you do not timely provide your proxy
because this matter is considered
“routine” under the New York Stock
Exchange (“NYSE”) listing standards.
However, if you have not provided
directions to your broker, your broker
will not be able to vote your shares
with respect to the election of
directors, the approval
of the
amendment and restatement of our
Articles of Incorporation to declassify
our Board, the approval of the
amendment and restatement of our
Articles of Incorporation to remove
the hyphen from our legal name or
the approval of the compensation of
our named executive officers.
We
strongly encourage you to submit
your proxy card and exercise your
right to vote as a shareholder.
Q:
What constitutes a quorum?
A:
As of the record date, March 4, 2015,
44,720,037 shares of our common
stock were issued and outstanding
and entitled to vote at the Annual
Meeting.
To conduct the Annual
Meeting, a majority of the shares
entitled to vote must be present in
person or by proxy. This is referred to
as a “quorum.” If you submit a
properly executed proxy card or vote
by telephone or the Internet, then you
will be considered present at the
Annual Meeting for purposes of
determining the presence of a
quorum.
Abstentions and broker
“non‐votes” will be counted as
present and entitled to vote for
purposes of determining the presence
of a quorum. A broker “non‐vote”
occurs when a broker or other
nominee who holds shares for
another person has not received
voting instructions from the owner of
the shares and, under NYSE rules,
does not have discretionary authority
to vote on a proposal.
Q:
What vote is needed for these
proposals to be adopted?
A:
Proposal 1
—The affirmative vote of
the holders of a majority of the shares
of our common stock represented in
person or by proxy at the Annual
Meeting is required to elect each
director (assuming a quorum is
present). Withhold votes, abstentions
and broker “non‐votes” will have the
effect of votes against the election of
director nominees.
Proposal 2—
The affirmative vote of
the holders of a majority of the shares
of our common stock represented and
voted at the Annual
Meeting
(assuming a quorum is present) is
required to approve the amendment
and restatement of our Articles of
Incorporation to declassify our Board.
Abstentions will have the effect of
votes against this proposal.
Proposal 3—
The affirmative vote of
the holders of a majority of the shares