Egghead.com Shareholder Meeting Adjourned Until November 19, 1999.VANCOUVER, Wash.--(BUSINESS WIRE)--Nov. 4, 1999-- Egghead.com, Inc. (Nasdaq:EGGS), today announced that its shareholder meeting, held on November 4, 1999, to consider its proposed merger with Onsale, Inc., has been adjourned until November 19, 1999, to allow for additional time for shareholders to cast their votes. The company noted that in excess of a majority of outstanding shares has already voted in favor of upon the side of; favorable to; for the advantage of. See also: favor the merger and less than two percent has voted against it. However, an affirmative AFFIRMATIVE. Averring a fact to be true; that which is opposed to negative. (q.v.) 2. It is a general rule of evidence that the affirmative of the issue must be proved. Bull. N. P. 298 ; Peake, Ev. 2. 3. vote of two-thirds of outstanding shares is needed to authorize To empower another with the legal right to perform an action. The Constitution authorizes Congress to regulate interstate commerce. authorize v. to officially empower someone to act. (See: authority) the proposed merger because Egghead.com is a Washington state corporation. "While we are pleased that more than half of our shareholders have already voted in favor of the merger, and that more than 97 percent of all votes cast have been in favor, additional votes are needed because Egghead.com is incorporated in Washington state which requires a higher threshold of shareholder approval for mergers than many other states," Egghead 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. George Orban said. The meeting will be reconvened at 11:00 a.m. on November 19, 1999, at Egghead.com headquarters in Vancouver, Washington
Vancouver, Washington is a city on the north bank of the Columbia River, in the state of Washington, USA. It is the county seat of Clark County. . |
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