180 Degree Capital Corp. Reports Results of Proposals Voted on at 2017 Annual Meeting of Shareholders
June 15 2017 - 9:04AM
180 Degree Capital Corp. (NASDAQ:TURN) held its annual meeting of
shareholders on Tuesday, June 13, 2017. The results of the
votes on the four proposals presented to shareholders were as
follows:
Proposal 1: Approximately 93 percent of votes
cast were in favor of the election of each of the five directors
nominated to hold office until the next annual meeting or until
their respective successors have been duly elected and
qualified.
Proposal 2: Approximately 97 percent of the
votes cast were in favor of approving PricewaterhouseCoopers LLP as
the Company’s independent registered public accountant for the
fiscal year ending December 31, 2017.
Proposal 3: Approximately 89 percent of
the votes cast were in favor of the advisory vote on executive
compensation of the named executive officers of the Company in
2016.
Proposal 4: Approximately 52 percent of the
votes cast recommended holding an advisory vote on compensation of
named executive officers with a frequency of three years.
About 180 Degree Capital
Corp.
180 Degree Capital Corp. is a publicly traded
registered closed-end fund focused on investing in and providing
value-added assistance through constructive activism to what we
believe are substantially undervalued small, publicly traded
companies that have potential for significant turnarounds.
Our goal is that the result of our constructive activism leads to a
reversal in direction for the share price of these investee
companies, i.e., a 180-degree turn. Detailed information
about 180 and its holdings can be found on its website at
www.180degreecapital.com.
Press Contact:
Daniel B. Wolfe
180 Degree Capital Corp.
973-746-4500
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