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PRVT » Topics » Required Vote for the Reverse Stock Split Proposal

This excerpt taken from the PRVT DEF 14A filed Nov 3, 2009.

Required Vote for the Reverse Stock Split Proposal

The affirmative vote of a majority of the outstanding shares of common stock on the record date, voting in person or represented by proxy, is required for approval. Shares of common stock voted to abstain and shares of common stock subject to broker “non-votes” have the practical effect of being votes against the matter.

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