This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

Independent Advisory Firm ISS Recommends Shareholders Vote FOR All Globecomm’s Proposals At The November 15th Shareholder Meeting

Globecomm Systems Inc. (NASDAQ: GCOM), a leading communications solutions provider, today announced that independent advisory firms Institutional Shareholder Services (ISS) and Egan Jones have recommended that Globecomm shareholders vote FOR all proposals at Globecomm’s November 15 th Annual Meeting and Glass Lewis recommended that Globecomm shareholders FOR seven of the eight director nominees and FOR all other proposals.

In recommending that shareholders vote FOR all proposals, ISS noted, “Based on review and evaluation of company disclosures and practices, ISS recommends support for all agenda items at this meeting.”

“We are pleased that all three independent proxy advisory firms support the amendment of the 2006 Stock Incentive Plan and the executive compensation plan, and that the three firms are supportive of the director nominees,” said Dave Hershberg, Globecomm’s Chairman and CEO.

Glass Lewis recommends voting FOR seven of the eight Board nominees, but recommends WITHHOLD on the chairman of the nominating and corporate governance committee, because the Company has neither appointed an independent chairman nor an independent lead or presiding director.

In reviewing the executive compensation plan Glass Lewis stated: “Globecomm Systems' executive compensation received an A grade in our proprietary pay-for-performance model.”

The Globecomm Board reiterates its recommendation that shareholders vote FOR all the proposals at the Company’s Annual Meeting of Stockholders on November 15, 2012.

Stockholders of record of Globecomm as of September 21, 2012, can vote in person at the Annual Meeting or by proxy in one of the following three ways:

1. Vote by Mail: If you received your proxy materials by mail, you can vote by mail by completing, signing, dating and mailing the enclosed proxy card in the postage-paid envelope.

2. Vote by Telephone: Call the toll-free number 1-800-690-6903. You will need to provide the control number printed on your proxy card, and follow the instructions on your card and the voice prompts.

1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 17,712.66 +34.43 0.19%
S&P 500 2,061.02 +4.87 0.24%
NASDAQ 4,891.2190 +27.8570 0.57%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs