Healthways, Inc. HWAY today announced that it intends to include in
its proxy statement for its 2013 annual meeting of stockholders (the “2013
Annual Meeting”) a proposal to eliminate the Company's classified board
structure and elect directors on an annual basis. The proposal, which was
unanimously approved by the Board of Directors, must be approved by the
stockholders of the Company at the 2013 Annual Meeting.
The Board of Directors is currently divided into three classes, and each class
of directors is elected for a three-year term. If the proposal is approved by
stockholders, declassification of the Board of Directors will be implemented
on a phase-out basis such that each class of directors would be elected for a
one-year term beginning with the class of directors whose term expires at the
Company's 2014 annual meeting of stockholders. The full text of the proposal
will be included in the Company's proxy statement to be filed with the
Securities and Exchange Commission in April, 2013.
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Posted In: NewsManagement
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in