RE:RE:October RSUsHey MikeStock, here is the wording:
3. To consider and if thought appropriate, pass, with or without violation, an ordinary resolution of disinterested shareholders approving amendments to the Corporation's stock option plan, as described in the accompanying MIC
4. To consider and, if thought appropriate, pass with or without variation, an ordinary resolution or disinterested shareholders approving amendments to the Corporation's restricted share unit plan, as described in the accompanying Manangement Information Circular
I'm not the sharpest knife in the drawer, so I'd love some insight on what exactly this means. Upon reflection, this seems that they are getting some Stock Options and RSUs regardless, it's just whether they're getting what they're currently on, or if it'll be an "enhanced" plan that's listed in the MIC.
Regardless. I said no to both.
MikeStock wrote: I don't have the voting docs in front of me, but I don't believe that is an actual voting decision. When I'm back home in a few days I can post the language related to the stock plan unless someone else has it handy.
Forestview wrote: So, now that the stock has tanked, what's the implication for the RSUs in October?
Also, now is a good reminder to vote ahead of the AGM against a new issue of RSUs for the management team. If you're ticked off, like most of us here are, vote. Let the management team and board know.