The shareholder meeting is over, and all proxy measures passed with at least 75% support. Mel Karmazin took all questions posed by shareholders, and the business of the meeting was concluded in about 2 and a half hours.
- Board of Directors - Passed
- Additional Authorized Shares to 8.0 bil. from 4.5 bil. - Passed
- Authorization for reverse split - Passed
- Accounting firm change - Passed
With these issues behind us, the company can move forward into 2009 and have clarity on measures that may impact the debt refinancing due.
Position - Long Sirius XM