180 Degree Capital Corp. Reports Results of Proposals Voted on at 2017 Annual Meeting of Shareholders
MONTCLAIR, N.J., June 15, 2017 (GLOBE NEWSWIRE) -- 180 Degree Capital Corp. (NASDAQ:TURN) held its annual meeting of shareholders on Tuesday, June 13, 2017. The results of the votes on the four proposals presented to shareholders were as follows:
Proposal 1: Approximately 93 percent of votes cast were in favor of the election of each of the five directors nominated to hold office until the next annual meeting or until their respective successors have been duly elected and qualified.
Proposal 2: Approximately 97 percent of the votes cast were in favor of approving PricewaterhouseCoopers LLP as the Company’s independent registered public accountant for the fiscal year ending December 31, 2017.
Proposal 3: Approximately 89 percent of the votes cast were in favor of the advisory vote on executive compensation of the named executive officers of the Company in 2016.
Proposal 4: Approximately 52 percent of the votes cast recommended holding an advisory vote on compensation of named executive officers with a frequency of three years.
About 180 Degree Capital Corp.
180 Degree Capital Corp. is a publicly traded registered closed-end fund focused on investing in and providing value-added assistance through constructive activism to what we believe are substantially undervalued small, publicly traded companies that have potential for significant turnarounds. Our goal is that the result of our constructive activism leads to a reversal in direction for the share price of these investee companies, i.e., a 180-degree turn. Detailed information about 180 and its holdings can be found on its website at www.180degreecapital.com.
Press Contact: Daniel B. Wolfe 180 Degree Capital Corp. 973-746-4500
Released June 15, 2017