SCBT » Topics » A Proposals - The Board of Directors recommends a vote FOR Proposals 1 and 2.
This excerpt taken from the SCBT DEF 14A filed Nov 28, 2008.
A Proposals The Board of
Directors recommends a vote FOR Proposals 1 and 2.
to amend and restate the Companys Articles of Incorporation to authorize the
issuance of up to ten million shares of preferred stock with such
preferences, limitations and relative rights, within legal limits, of any
class or series of preferred stock, as are set by the Board of Directors, and
to delete certain obsolete provisions of the Articles of Incorporation, as
set forth in the Companys proxy statement.
grant the chairperson of the Special Meeting the authority to adjourn or
postpone the Special Meeting, if necessary, in order to solicit additional
proxies in the event that (a) there are not sufficient affirmative votes
present at the Special Meeting to adopt the Amendment and Restatement or (b)
a quorum is not present at the Special meeting.
The proxies will consider and act upon, in their
discretion, such other matters as may properly come before the Special
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