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A. Schulman, Inc.
A. Schulman Proposes to Enhance Corporate Goverance by Declassifying Its Board Structure to Eliminate Staggered Terms of Directors
August 1st, 2008
A. Schulman, Inc. (NASDAQ:SHLM) announced that its Board of Directors has unanimously recommended to propose at its 2008 Annual Meeting of Stockholders an amendment to the Company's Certificate of Incorporation to declassify its board structure. Currently, the Company's Board of Directors is divided into three classes, with each director class serving a staggered term of three years. If the proposed declassification amendment is approved, all current directors would serve the remainder of their terms and thereafter become subject to election each year by stockholders at the Annual Meeting. The change would go into effect beginning with those directors whose terms expire...
Source: Health Business Week (2008-08-01)
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