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A O Smith Corp V.AOS


Primary Symbol: AOS

A. O. Smith Corporation applies technologies and solutions to products manufactured and marketed worldwide. The Company operates through two segments: North America and Rest of World. Both the segments manufacture and market a comprehensive line of residential and commercial gas and electric water heaters, boilers, tanks, and water treatment products. Its Rest of World segment is primarily comprised of China, Europe, and India. The North America segment serves residential and commercial end markets with a range of products, including water heaters, boilers, water treatment products, and other. The Company also manufactures expansion tanks, commercial solar water heating systems, swimming pool and spa heaters, related products and parts. Its Lochinvar brand is a residential and commercial boiler brand in the United States. Its water softener branded products and problem well water solutions include the Hague, Impact Water, Water-Right, Master Water, Atlantic Filter and Water Tec brands.


NYSE:AOS - Post by User

Bullboard Posts
Comment by fcabreseon Jun 27, 2012 9:15am
80 Views
Post# 20058310

RE: withheld shares

RE: withheld shares

Rocketred, I was always under the impression that if you actually indicate on the proxy that you want to withhold votes for the current slate of directors, that you are in effect abstaining from voting your shares period....however, if you don't return the proxy at all, then you are giving your votes to management.  In that scenario, if the Greens have 35% support, the Blues could technically lose if they get 34% support and 31% are withheld.  Most cases I've seen where votes are withheld never amount to more than a 2-3% swing anyway.  Either way, I don't think the Greens are even close to winning this.  If all withheld votes automatically go to management like you suggested, it's over and done....and if not, nearly a third of the proxies would have to come back with withheld votes for this to be close.

Bullboard Posts