Summary
Globalstar, Inc. held its Annual Meeting of Stockholders on May 28, 2015, where two key matters were presented for a vote. The meeting saw significant participation, with 830,766,315 shares represented. The primary outcomes were the election of two Class C directors, William A. Hasler and James Monroe III, both of whom received substantial support from stockholders for a term extending to the 2018 Annual Meeting. Furthermore, the appointment of Crowe Horwath LLP as the company's independent registered accounting firm for the fiscal year ending December 31, 2015, was overwhelmingly ratified. The strong affirmative votes on both director elections and the auditor ratification indicate stockholder confidence in the current leadership and financial oversight of Globalstar.
Key Highlights
- 1Annual Meeting of Stockholders held on May 28, 2015, with 830,766,315 shares represented.
- 2Two Class C directors, William A. Hasler and James Monroe III, were elected for a term expiring at the 2018 Annual Meeting.
- 3William A. Hasler received 741,381,653 votes "For" election.
- 4James Monroe III received 709,518,395 votes "For" election.
- 5The appointment of Crowe Horwath LLP as the independent registered accounting firm for fiscal year 2015 was ratified.
- 6The ratification of Crowe Horwath LLP received an overwhelming 829,933,734 votes "For".
- 7Broker non-votes were significant in the director elections (85,892,044), but absent in the auditor ratification vote.