Aspen Group, Inc. Receives Stockholder Approval to Increase the Number of Shares of Common Stock Authorized [Yahoo! Finance]
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Aspen Group Inc. (ASPU)
NASDAQ:AMEX Investor Relations:
ir.aspen.edu
Company Research
Source: Yahoo! Finance
announced that the Company received approval of an amendment to the Certificate of Incorporation of the Company to increase the number of shares of common stock authorized to 85 million shares. Michael Mathews, Chief Executive Officer and Chairman of the Board, presided at the special stockholder meeting earlier today. According to Broadridge, the virtual stockholder meeting platform provider, 18,215,780 shares of the Company's common stock were represented at the meeting. Each share was entitled to one vote, establishing a quorum with shares representing approximately 71% of the Company's outstanding voting power, either in person or by proxy. The proposal to approve an amendment to the Certificate of Incorporation (the “Charter Amendment”) of the Company to increase the number of shares of common stock authorized to 85 million shares was approved by a majority of the votes cast. Specifically, around 17,108,012 votes were in favor, representing approximately 94% of the shares voted
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