WBS » Topics » Question : How does our Board of Directors recommend that I vote?

This excerpt taken from the WBS DEF 14A filed Oct 27, 2009.

Question: How does our Board of Directors recommend that I vote?

Answer: Our Board of Directors has approved Warburg Pincus’ investment in us, and shareholder approval of both Proposal 1 and Proposal 2 is necessary for that investment to be completed in its intended form. Accordingly, our Board of Directors unanimously recommends that you vote “FOR” the amendment of the Certificate of Incorporation to remove of Subsection 2 of Article 10 thereof (Proposal 1), “FOR” the approval of the issuance of shares of Common Stock in connection with the conversion of the Preferred Stock into, and exercise of the Warrants for, Common Stock, for purposes of Section 312.03 of the NYSE Listed Company Manual (Proposal 2), and “FOR” the proposal to adjourn the special meeting, if necessary or appropriate, to solicit additional proxies (Proposal 3).

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