Sentences with phrase «majority shareholder of both companies»

Currently, he also acts as a Director of B - Finance Ltd., the majority shareholder of the Company.

Not exact matches

«One does not want to own part of a company when the majority shareholder is running out of money.»

The statement said 3G Capital, the majority owner of Burger King, would continue to own the majority of the shares of the new company on a pro forma basis, with the remainder held by existing shareholders of Tim Hortons and Burger King.

Nabors shareholders also sent a strong rebuke against the company's governance practices with a majority vote against one of its two director nominees, Myron M. Sheinfeld.

«Through a series of intragroup financial and commercial agreements, the majority shareholders group implemented a policy that resulted in draining, to its own benefit, the treasury and the wealth of the joint company,» Gecamines said in a statement.

Cadence 100 Best Companies rank: 52 A large majority of the Cadence's (cdns) employees are currently shareholders.

He added that he thinks «the vast majority of the company's employees, shareholders, analysts, and other stakeholders» would support replacing Green with Harrison.

They are asking for policies that most well run companies have adopted; things like majority vote standards, so directors are only elected to the board if a majority of shareholders want them there.

Since 2011, a majority of Netflix (nflx) shareholders has asked the company to change the way it operates on 15 separate occasions.

The growing opposition from major shareholders could be a big problem for Dell because in order for the company to go private, he needs the approval of the majority of shareholders, excluding his stake in the company.

Yet Zuckerberg — who is not only Facebook's CEO, but also the chairman of its board and its majority voting shareholder — struggled to describe when his personal thinking about the company and its philosophy shifted.

New rules will require CBCA companies — about 40 % of companies listed on the TSX — to hold an election for their entire board of directors annually, vote for each director individually and, most importantly, use uniquely crafted majority - voting rules that only let shareholders vote «no» or «yes» for a director, eliminating the use of «withhold» votes which is standard practice under existing TSX rules.

The affirmative vote of the holders of a majority of the Shares present in person or represented by proxy at the meeting and entitled to vote on the proposal at issue is required for: (i) the ratification of the appointment of E&Y as Walmart's independent accountants for fiscal 2014; (ii) the adoption of a non-binding advisory resolution to approve the compensation of the company's NEOs; (iii) the approval of the Management Incentive Plan, as amended; and (iv) the adoption of each of the shareholder proposals.

The State of Delaware, where a majority of American companies are incorporated, technically requires only that either the disinterested directors or disinterested shareholders approve the deal, but the standard practice is to do both.

At any meeting at which a quorum has been established, the affirmative vote of the holders of a majority of the Shares present in person or represented by proxy at the meeting and entitled to vote on the proposal at issue is required for: (i) the ratification of the appointment of EY as Walmart's independent accountants for fiscal 2016; (ii) the adoption of a non-binding advisory resolution to approve the compensation of the company's NEOs; (iii) the approval of the Stock Incentive Plan of 2015; and (iv) the adoption of each of the shareholder proposals.

Total shareholder return was helped by an $ 8.2 billion repurchase made in late 2013 — when the company and a group of investors led by Kotick and Activision Chairman Brian Kelly bought out a stake held by then - majority shareholder Vivendi.

The company, Ellaal Goldberg Corporation, is a U.S. holding company that is the majority shareholder of Ellaal Goldberg, SA, a company incorporated in Romania.

In particular, companies should be allowed to introduce dual - class shares after they have gone public, subject to a majority - of - minority shareholder vote.

Despite the fact that the majority of shareholders oppose the activist shareholder proposals, because of the current regulatory regime, public companies must dedicate time, and money to defend against them.

This comes a year after a shareholder proposal seeking an assessment of the long term impacts on the company's portfolio of public policies received near - majority support.

«Since I am the founder and majority shareholder of Uphold and co-founder and majority shareholder of Voxelus, this allows me to combine the best innovations from both companies.»

The Board believes that it is the responsibility of any person putting a proposal forward for shareholders to approve — regardless of whether the Company or a shareholder proponent — to persuade shareholders owning a majority of the shares that vote to support the proposal.

I guess the lesson of Travis Kalanick's resignation as chief executive officer of Uber Technologies Inc. is that you can be the visionary founder of a massive company, stay private to avoid the pressures of the public market, keep control of a majority of the voting power of the shares, and still be forced out in a boardroom coup led by activist shareholders:

In connection with a shareholder proposal made at the 2012 annual meeting of shareholders, the Company informed its shareholders that the Board had adopted a policy providing for majority voting for the election of directors in uncontested elections and that the Company would take steps to implement majority voting in its Articles and bylaws.

As noted, for ESOPs in closely held companies this is not an issue since, typically, the entire company is being sold to the employees, and managers and the exiting owner are not focused on the dilution of the majority shareholder since that shareholder desires to cash out its majority equity.

Because most ESOPs in closely held companies take place in situations where the founding owner wants to retire and cash out of the business, the issue of diluting profit per share and diluting the ownership and governance rights of majority shareholders is not a material issue in these cases.

At last year's annual meeting, the company's advisory vote on executive compensation failed to receive majority support from shareholders, with approximately 29 % of shareholders supporting the proposal; however this was just one of the issues the company faced in the past year.

Similar proposals, also called «Aiming for A,» received well over majority support at a handful of European companies where they were submitted in 2015, due in large part to the fact that in each case the board recommended shareholders vote in favor.

In the event that (i) the Board of Directors proposes, recommends, approves or otherwise submits to the shareholders of the Company, for shareholder action, a Deemed Liquidation Event, and (ii) a Holder has not received written notice from the holders of a majority of the shares of Key Holder Common Stock that such holders approve the Deemed Liquidation Event, then such Holder hereby agrees to vote (in person, by proxy or by action by written consent, as applicable) all shares of capital stock of the Company now or hereafter directly or indirectly owned of record or beneficially by such Holder against the Deemed Liquidation Event, to assert statutory dissenters» rights with respect to the Deemed Liquidation Event, and to take such other action in derogation of the Deemed Liquidation Event as shall be requested by the holders of a majority of the shares of Key Holder Common Stock in order to carry out the terms and provision of this Section x.y..

If a company has proven that it can average a high return on total capital within the majority of its business operations (averaging, say, 15 % + per year for many years) then the company can reinvest what would be dividends, and thus save the shareholder tax.

This change likely reflects outrage at the cursory response provided by Renault's board after a majority of shareholders opposed CEO Carlos Ghosn's pay at the company's 2016 AGM.

His measure calls for a share buyback and is in the form of a precatory proposal, which means that even if a majority of Apple shareholders approved, it would not be binding on the company's management.

Cal - Maine's 2010 Annual Report to shareholders says that the company's shell eggs are sold to «a majority of the largest food retailers in the U.S.» Among its customers are retailers such as HEB and Publix.

In July, an agreement was signed over a strategic alliance with Raiffeisen - holding Niederosterreich - Wien, majority shareholder of the Austrian company Nom, involving the purchase by Parmalat of a 25 per cent stake in the Austrian dairy group for $ 30 million.

That shareholder cap can only be changed if the company's constitution is changed which requires a 75 per cent majority of those voting.

RiceBran Technologies (NASDAQ: RIBT and RIBTW)(the «Company»), a global leader in the production and marketing of value added products derived from rice bran, today announced that, based on preliminary noncumulative voting results reported by the independent inspector of elections (the «Inspector») following the Company's 2016 Annual Meeting of Shareholders (the «Annual Meeting»), a large majority of shareholders have voted on the WHITE proxy card for the Company's incumbent Board of Directors (the «BoShareholders (the «Annual Meeting»), a large majority of shareholders have voted on the WHITE proxy card for the Company's incumbent Board of Directors (the «Boshareholders have voted on the WHITE proxy card for the Company's incumbent Board of Directors (the «Board»).

Apart from my personal opinion that he is the main one responsible for our poor transfer budgets and lack of ambition for the club since he became majority shareholder but worse still he has now shown who he really is by the launch of the appalling hunting channel just launched in the UK by the company that he owns!

Incidentally, Kroenke is the club's majority shareholder, owning 66.64 % of the club's parent company Arsenal Holdings plc..

Arsenal's majority shareholder, Stan Kroenke, has taken a payment of # 3m out of the club according to the latest company accounts.

Stan Kroenke is the Gunners» majority shareholder with 66.64 percent of the club's parent company Arsenal Holdings plc, wile Russian - Uzbek Alisher Usmanov owns 29.11 percent.

Currently, Stan Kroenke, an American sports tycoon with a net worth of approximately $ 7.4 billion, is the majority shareholder in the clubs parent company, Arsenal Holdings Plc with a 67 % stake.

Mr. Roth is also a majority shareholder in National Beef and isn't his company the producer of Mc Donald's hamburgers — Jo Ann Smith the USDA official that approved pink slime sits on Tyson's Board of Directors... connect the dots.

Michael Ashcroft will be majority owner of this company (57.5 %) with Stephan as the main minority shareholder and Chairman.

The majority of BP's shareholders have voted against CEO Bob Dudley's # 14 million pay package - but the company has chosen to ignore them.

Of course, in the eyes of the attorneys for the Winchester Repeating Arms Company, he's the best candidate to assess whether or not the majority shareholder in the company is mentally fit to retain her controOf course, in the eyes of the attorneys for the Winchester Repeating Arms Company, he's the best candidate to assess whether or not the majority shareholder in the company is mentally fit to retain her controof the attorneys for the Winchester Repeating Arms Company, he's the best candidate to assess whether or not the majority shareholder in the company is mentally fit to retain her cCompany, he's the best candidate to assess whether or not the majority shareholder in the company is mentally fit to retain her ccompany is mentally fit to retain her control.

None of these companies have disclosed how the shares changed hands in those transactions since the initial purchase in 2006, but Spalding remains the majority shareholder and controls the business.

There is no need, nor reason, to waste time or shareholder resources on advisors or to delay the liquidation process in order to explore risky alternative strategies, courses certain to result in further diminution of value for all shareholders, when the majority of the stockholders of the Company appear to have already made their views perfectly clear.

In order to do this, the company generally needs the approval of a majority of the existing shareholders.

Sterling Capital Management argued in a May 2008 letter that the failure of nominated directors at ACL's Annual Meeting of Stockholders to receive a majority of the shareholder vote in support of their re-election demonstrated shareholders» «discontent with the failure of the Board to fully engage SHI in negotiations that could ultimately lead to a transaction that fairly values our company.»

The majority of the company's garnet is supplied pursuant to a distribution agreement with an Indian supplier that was formerly owned by WGI (WGI sold this company in 2008 and distributed the proceeds of the sale, together with a portion of its cash on hand, to shareholders).