Shareholders approved an amendment to its certificate of incorporation to increase the number of authorized shares of common stock from 8,000,000,000 to 9,000,000,000 shares. The group also approved an amendment to SIRIUS’s certificate of incorporation to permit the Board of Directors to do a reverse stock split of its common stock and reduce the number of authorized shares of its common stock. The shareholders approved the long-term incentive plan and shot down a proposal that would put executive pay packages up for a vote.
The company also elected twelve directors: (Joan L. Amble, Leon D. Black, Lawrence F. Gilberti, Eddy W. Hartenstein, James P. Holden, Chester A. Huber, Jr., Mel Karmazin, John W. Mendel, James F. Mooney, Gary M. Parsons, Jack Shaw and Jeffrey D. Zients). An affiliate of Liberty Media Corporation, the holder of the Company’s Convertible Perpetual Preferred Stock, Series B-1, previously appointed David J.A. Flowers, Gregory B, Maffei and John C. Malone as members of the Company’s board of directors.
Jon C. Ogg
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