Item 5.07 Submission of Matters to a Vote of Security Holders.
On
The following is an overview of the three proposals that were submitted to the
Reliant shareholders for approval at the Meeting (each of which proposals was
described in greater detail in the definitive proxy statement filed by Reliant
with the
Proposal 1: The Reliant shareholders approved the Agreement and Plan of Merger
(the "Merger Agreement"), dated as of
Votes For Votes Against Votes Abstained Broker Non-Votes Common Stock 10,505,052 95,896 2,207 -
Proposal 2: The Reliant shareholders approved on an advisory (non-binding) basis, certain compensation arrangements for Reliant's named executive officers in connection with the merger. The voting results on this proposal were as follows:
Votes For Votes Against Votes abstained Broker Non-Votes Common Stock 7,696,607 2,430,851 475,697 -
Proposal 3: The Reliant shareholders approved the motion to adjourn the Meeting, if necessary or appropriate, to solicit additional proxies if, immediately prior to such adjournment, there are not sufficient votes to approve the Merger Agreement or to ensure that any supplement or amendment to the accompanying proxy statement/prospectus is timely provided to holders of Reliant common stock. The voting results on this proposal were as follows:
Votes For Votes Against Votes abstained Broker Non-Votes Common Stock 9,494,942 662,222 445,991 -
Although the foregoing Proposal 3 was approved, adjournment of the Meeting was not necessary or appropriate because Reliant's shareholders approved the Merger Agreement.
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