RE:RE:RE:US Board Liisting Hi Bmyles. I agree with your comment about Excellon's CEO, but as far as delisting I think that is almost impossible to do and it would take a long time even if it did. Check your mail on this site for details. However for all retail shareholders who want to fire Excellon's CEO, which some on this board have stated, you have a lot more power then you think. Based on my limited ability to search for more specific information and per below NYSE voting rights article, each share of Excellon stock owned is worth 1 vote in the voting process for Excellon's officers including its CEO. Excellon has about 34 million shares outstanding or 34 million votes. What I have been able to find out is about 12 million shares/votes are held by institutions, ETFs, insiders and large share holders including Eric Sprott and Chris Lee-Barber, which I call Group 1. The only other group is retail shareholders which hold the remaining about 22 million shares/votes. So even if the entire Group 1 voted to keep Excellon's current CEO, he could still be voted out in a landslide if all retail investors voted against him or for someone else. If anybody has information contrary to what I have stated here, please respond to my post.
Voting Rights of Common Stock Ownership
Common stock ownership always carries voting rights, but the nature of the rights and the specific issues shareholders are entitled to vote on can vary considerably from one company to another. Some companies grant stockholders one vote per share, thus giving those shareholders with a greater investment in the company a greater say in corporate decision-making. Alternatively, each shareholder may have one vote, regardless of how many shares of company stock they own.
Shareholders can exercise their voting rights in person at the corporation's annual general meeting or other special meeting convened for voting purposes, or by proxy. Proxy forms are sent to shareholders, along with their invitations, to attend the shareholders' meeting. These forms list and describe all the issues on which shareholders have the right to vote. A shareholder may elect to fill out the form and mail in their votes on the issues rather than voting in person.