Argon ST, Inc. Board Adopts Majority Vote Standard for Election of Directors.FAIRFAX, Va. -- Argon ST, Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :STST STST Stainless Steel STST Sounding the Seventh Trumpet (Avenged Sevenfold music album) ), a leading systems engineering, development and services company providing full-service command, control, communications, computers, intelligence, surveillance and reconnaissance Intelligence, Surveillance and Reconnaissance may refer to:
C4ISR Command, Control, Communications, Computer, Intelligence, Surveillance and Reconnaissance C4ISR Command Control Communications Computers Intelligence Surveillance and Reconnaissance ) systems and services to a wide range of defense and intelligence customers, today announced that on February 28, 2007, the Board of Directors amended the Company's Amended and Restated Bylaws to require directors to be elected by majority vote. Under the Bylaw amendment, each director in an uncontested election will be elected by a majority, rather than a plurality, of the votes cast in the voting for that director. Any director who receives less than a majority of the votes cast in the voting for that director must submit his or her resignation to the Board. The Board will take action to accept or reject the resignation and publicly disclose its decision and rationale behind it within 90 days of the certification of the election results. Terry Collins, Chairman and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , stated: "Our board has taken this action as part of our regular review of corporate governance policy and we believe that this action is in the best interest of our shareholders and our shareholders' ability to influence corporate governance." |
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