Re: Thanks, but I'll be voting my Proxy as I suggested, including
in response to
by
posted on
Mar 28, 2013 08:05PM
"For" the Corbin Accounting Firm.
http://agoracom.com/ir/patriot/forums/discussion/topics/568190-vote-your-proxy-exert-your-ownership-rights-even-if-the-bod-rejects-your-view/messages/1788512#message
Doing so will appropriately record that Shareholders are not obstructionists, paranoid, or indiscriminately objecting to traditional corporate regularities, but rather, are directly and specifically objecting and revolting to the Governance and lack of successful Leadership by this BOD and Management.
In this way, the votes will also more starkly show the difference and mindset of Shareholders towards actions which directly affect and target the Leadership as individuals; and that reflect opposition to the BOD's own self benefiting voting recommendations.
I suspect that for what will now be three years in a row, both Carlton Johnson and Gloria Felcyn will receive significantly more votes "Withheld" from them than actually vote "for" them. Since voting "Against" them is not an allowed choice, "Withheld" is sending the equilivent message without having the functional effect.
As for our non-Shareholder, six figure bonus taking, $400,000 cash+ CEO Cliff Flowers, more "Withheld" votes for him on this Proxy will mean that in two out of the three years he too was rejected by the Majority of Shareholders; having only just narrowly escaped the previous year.
These voting results matter, they can never hide from these results, they can never makes excuses or blame our operational failures on someone else who's not there, or say that only a few disappointed Shareholders complained about this leadership's years of strategic mistakes, bloated pay, financial blunders, and our revisiting a pennies stock price once again.
The last two proxy years, and likely this one too, will expose just how little confidence in them, or their competence, or belief that they truely have Shareholder's beneficial interests as the primary driver in their actions and decisionmaking.
Since they refused to impliment the 4:1 Proxy passed Majority voting method for BOD elections, and continue their stacked deck unopposed reelection and Plurality method of voting, this is how you remind them that their years of self serving and unfriendly Shareholder treatment, generous personal financial compensation unconnected to performance results which decreased Shareholder value and our investment well-being, are not without formal public criticism, consequence, and permanent Official recordation.