The second proposal is the ratification of the appointment of KPMG as our independent registered public accounting firm for the 2012 fiscal year. The Audit and Finance Committee has again retained the services of KPMG to audit the company’s financial statements for 2012 and the committee recommends that the shareholders ratify the appointment of KPMG. Mr. Frank, the chairman of the audit and finance committee will be available to answer any appropriate questions during the Q&A portion of the meeting.
The third proposal is the proposal of use of vote in an advisory, non-binding manner on the compensation paid to our named executives as disclosed in the proxy statements pursuant to item 402 of Regulation S-K. We recommend the approval of the compensation of our named executive officers.
We will now vote on the proposals. Those shareholders voting in person should now market their ballot. If you’ve previously voted by proxy, you do not need to vote again today unless you want to change your vote. If you would like a ballot, please raise your hand and one will be provided to you.
Okay. The inspector of election will wait to collect the outstanding ballots. And if anyone else has a filled ballot that you would like to give to the inspector of election, please do so now. Okay. Since everything wanting to vote, has voted, one person is about to vote. We will officially close the poll after one shareholder has voted. The poll is now officially closed and will the inspector of elections, please report the results after balloting.Unidentified Participant Sure. In the final tabulation there reflects small changes from what I have announced. The final tabulation will be set forth in the formal report of the inspector of election, the secretary of the company should we need after the accounting has been verified. I certify that with respect to proposal number one, each nominees for director has received the majority of the votes cast. The proposal two received the majority of the votes cast and proposal three received a majority of the votes cast. Read the rest of this transcript for free on seekingalpha.com
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