FMSB » Topics » How many votes are required?

This excerpt taken from the FMSB DEF 14A filed Mar 16, 2007.
How many votes are required?
 
The presence, in person or by proxy, of at least a majority of the total number of outstanding shares of Common Stock entitled to vote will constitute a quorum at the Annual Meeting. Abstentions will be counted as shares present and entitled to vote at the Annual Meeting for purposes of determining the presence of a quorum.
 
The three nominees for election as directors at the Annual Meeting who receive the highest number of affirmative votes will be elected Class III directors for a term of three years, to serve until the 2010 Annual Meeting of Shareholders and until their respective successors are elected. Votes may be cast “for” or “withheld” from each nominee. Shareholders are not permitted to cumulate their votes for the election of directors. Votes that are withheld will have no effect on the outcome of the election


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because directors will be elected by a plurality of votes cast. Shareholders of record of the common stock will be entitled to one vote per share on any matter that may properly come before the Annual Meeting.
 

"How many votes are required?" elsewhere:

Boardwalk Bancorp (BORD)
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