NEW YORK, April 20, 2016 /PRNewswire/ -- The Taiwan
Fund, Inc. (TWN) (the "Fund") announced today the results of its
Annual Stockholders Meeting held on April
19, 2016 (the "Meeting"). The Fund's stockholders elected
four individuals to the Board of Directors (the "Board").
Michael F. Holland, William C. Kirby, Anthony Kai Yiu Lo and Shelley Rigger were elected by stockholders for
one-year terms, expiring in 2017. Joe O.
Rogers and Chih T. Cheung
were not re-elected by stockholders.
|
Director
|
Votes Cast
for
|
Votes
Against/Withheld
|
|
Joe O.
Rogers
|
2,107,853
|
5,130,425
|
|
Michael F.
Holland
|
3,981,121
|
3,257,157
|
|
William C.
Kirby
|
7,087,280
|
150,998
|
|
Anthony Kai Yiu
Lo
|
6,981,975
|
256,303
|
|
Chih T.
Cheung
|
2,085,021
|
5,153,257
|
|
Shelley
Rigger
|
5,099,553
|
2,138,725
|
Pursuant to the Fund's by-laws, each of Joe O. Rogers and Chih
T. Cheung are deemed to have tendered to the Board his
resignation as a Director, with such resignation to take effect 30
days after the date of the Meeting unless the Board unanimously
decides to reject that Director's tender of resignation, in which
case the Director shall continue in office until his death,
resignation or removal or until his successor shall have been
elected and shall have been qualified. The Board, including the
Nominating Committee of the Board, is considering the implications
of the failure of Joe O. Rogers and
Chih T. Cheung to be re-elected by
stockholders. Any determination made by the Board as a result of
those considerations will be communicated to stockholders.
The stockholders of the Fund also rejected the stockholder
proposal to amend the Fund's by-laws. The Fund reported that 28.24%
of the Fund's outstanding shares voted for the stockholder proposal
to amend the Fund's by-laws.
|
For
|
Against
|
Abstain
|
Non-votes
|
|
2,322,447
|
4,200,851
|
8,561
|
706,419
|
The Fund is a diversified closed-end investment company, which
seeks long term capital appreciation primarily through investments
in equity securities listed on the Taiwan Stock Exchange. Shares of
the Fund are listed on the New York Stock Exchange under the ticker
symbol "TWN."
For additional information on the Fund, including information on
the Fund's holdings, visit the Fund's website at
www.thetaiwanfund.com or call 1-877-864-5056.
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/the-taiwan-fund-inc-announces-the-results-of-the-annual-stockholders-meeting-300254923.html
SOURCE The Taiwan Fund, Inc.