Examples of LMI Board in a sentence
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.
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.
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.
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.
Upon exercise of the option, the Company will pay Bull Run an amount equal to Bull Run’s purchase price for the Tarzian investment and related costs.
However, the appointment of Xxxxx Xxxx to the LMI Board of Directors is conditioned upon the execution of a Cooperation Agreement by Xxxxxxx International Capital Advisors Inc.
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.
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.
Except as otherwise required by the fiduciary duties of the LMI Board, at the LMI Special Meeting the LMI Board will recommend to its stockholders the adoption of this Agreement; provided, that the inability or refusal of the LMI Board to make such recommendation shall not relieve LMI of its obligation pursuant to the first sentence of this Section 4.1(b).
Any determination as to the declaration of future dividends following such time is at the sole discretion of the LMI Board of Directors.