LMI Board definition
Examples of LMI Board in a sentence
On October 27, 2016, the LMI Board of Directors declared a cash dividend of $0.50 per share of LMI common stock, payable to LMI’s stockholders of record as of November 7, 2016.
On July 26, 2016, the LMI Board of Directors declared a cash dividend of $0.50 per share of LMI common stock, payable to LMI’s stockholders of record as of August 8, 2016.
However, the appointment of ▇▇▇▇▇ ▇▇▇▇ to the LMI Board of Directors is conditioned upon the execution of a Cooperation Agreement by ▇▇▇▇▇▇▇ International Capital Advisors Inc.
The LMI Board of Directors also intends to declare and pay one additional cash dividend, which would be up to $0.50 per share of LMI common stock, as permitted by the Merger Agreement.
Following the Merger, the reconstituted LMI Board of Directors intends to consider the declaration and payment of any additional future dividends based on a number of factors, including the results of LMI’s operations, financial condition, future prospects, contractual restrictions, restrictions imposed by applicable law and other factors the LMI Board of Directors deems relevant.
Any determination as to the declaration of future dividends following such time is at the sole discretion of the LMI Board of Directors.
If a properly executed proxy is returned without an indication as to how the shares of LMI common stock represented are to be voted with regard to a particular proposal, the LMI common stock represented by the proxy will be voted in accordance with the recommendation of the LMI Board of Directors and, therefore, “FOR” the proposal to approve the Share Issuance, “FOR” the proposal to approve the Charter Amendment, “FOR” the proposal to approve the Plan Amendment and “FOR” the meeting adjournment proposal.
The compensation committee of the LMI Board of Directors will continue to oversee LMI’s executive compensation program and approve all executive compensation decisions after the Merger.
On November 19, 2015, the LMI Board, at a regularly scheduled meeting, discussed the recent announcement by Citrix and the possibility of a strategic combination between LMI and the GoTo Business.
RBC Capital Markets delivered its opinion to the LMI Board for the benefit, information and assistance of the LMI Board (in its capacity as such) in connection with its evaluation of the proposed Merger.