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Where shareholder approval is required under NASDAQs rules, what constitutes shareholder approval?

April 26, 2017Approval constitutes NASDAQ rules shareholder

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Where shareholder approval is required under NASDAQs rules, what constitutes shareholder approval?

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Pursuant to Listing Rule 5635(e)(4), in order to satisfy NASDAQ’s shareholder approval requirement, a majority of the total votes cast on the proposal must be voted in favor of the proposal.