Sierra Wi-fi (NASDAQ:SWIR) has wrapped up its annual meeting and a special meeting set to alter its board composition. The annual assembly re
The annual assembly resulted within the election of 9 administrators.
The corporate had beforehand reached a deal with Lion Point so as to add two new unbiased administrators, and (if shareholders permitted a board enlargement) so as to add two different Lion Level nominees.
Shareholders permitted the enlargement to 12 boardmembers within the particular assembly, and so Thomas Linton, Martin McCourt and Mark Twaalfhoven are becoming a member of the opposite 9 administrators.
In addition they permitted the advisory say-on-pay vote, in addition to amending by-laws and plans masking inventory choices and restricted shares.