Sentences with phrase «stockholders vote against the proposal»

Avigen Inc (NASDAQ: AVGN) has sent a letter sent to its stockholders saying that Glass Lewis, a «leading independent voting advisory service» has reviewed the Biotechnology Value Fund (BVF) proposal to remove AVGN's board and has recommended that stockholders vote against the proposal.

Not exact matches

The Board recommends a vote AGAINST a stockholder proposal seeking to have us adopt a policy requiring that senior executives retain a significant percentage of stock acquired through equity pay programs until reaching retirement age because our existing stock ownership guidelines and other compensation policies already effectively facilitate significant stock ownership by our executives, and establishing holding requirements based on a particular retirement age would not be in the best interests of our stockholders.

Leading independent advisory service is recommending stockholders vote AGAINST BVF's Board removal proposal

This means that BVF's enemy is likely not stockholders voting against BVF's proposal, but stockholders not voting at all, because failing to vote has the same effect as voting against BVF.

The Board believes BVF would not be an appropriate steward for all stockholders, and urges stockholders to reject the BVF proposal by voting on the WHITE proxy card AGAINST the removal of your Board.

We encourage stockholders to support this effort and vote AGAINST the BVF proposal on the WHITE proxy card today.

More importantly, they will be voting against Mr. Brewer as a director on the board in next year's proxy, and indicated they may submit «other possible related proposals to present to the stockholders.»

If a merger or acquisition of another company or asset were put to a stockholder vote, we would vote against such a proposal and believe that other stockholders would likely prefer to have their capital returned to them.