Item 5.07 Submission of Matters to a Vote of Security Holders.
The Company's adjourned meeting of stockholders was reconvened on
Common stock and Series A convertible preferred stock voted as a single class on Proposal 3. There were present in person or by proxy 137,959,856 votes, representing a majority of the total outstanding eligible votes as of the record date for the meeting.
Proposal 3. Amendment to Certificate of Incorporation to Increase Authorized Common from 300,000,000 Shares to 400,000,000 Shares. The stockholders did not approve an amendment to the Company's Certificate of Incorporation to increase authorized common from 300,000,000 shares to 400,000,000 shares. Proposal 3 required a majority of all outstanding stock, consisting of common stock and Series A preferred stock on an as if converted to common stock basis, entitled to vote at the meeting, and a majority of outstanding common stock voting as a class. As of the record date for the meeting there were 230,115,750 shares of common stock outstanding and 4,030 shares of Series A preferred stock outstanding, with an aggregate total of 66,059 votes on an as if converted to common stock basis.
For Against Abstain 96,449,578 40,436,731 1,073,547
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