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This excerpt taken from the ACI DEF 14A filed Mar 20, 2007. What vote
is required to approve each proposal?
Table of Contents
In order to have a valid stockholder vote, a stockholder quorum
must exist at the annual meeting. A quorum will exist when
stockholders holding a majority of the outstanding shares of our
common stock are present at the meeting, either in person or by
proxy.
Broker non-votes occur when brokers do not have discretionary
voting authority to vote certain shares held in “street
name” on particular proposals and the beneficial owner of
those shares has not instructed the broker how to vote on those
proposals. Under New York Stock Exchange rules, brokers who hold
shares for the accounts of their clients and who have not
received instructions from their clients do have discretion to
vote in the election of directors. Accordingly, broker non-votes
will have no effect on the election of directors.
We intend to announce preliminary voting results at the annual
meeting. We will publish the final results in our Quarterly
Report on
Form 10-Q
for the first quarter of 2007, which we expect to file on or
before May 10, 2007. You can obtain a copy of the
Form 10-Q
by logging on to our website at archcoal.com, by calling the
Securities and Exchange Commission at (800) SEC-0330 for
the location of the nearest public reference room, or through
the EDGAR system at sec.gov. Information on our website does not
constitute part of this proxy statement.
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