DeWITT — Anaren, Inc. (NASDAQ: ANEN) has made some changes in how its shareholders will elect directors in uncontested elections.
The company’s board amended its bylaws this month to provide for majority voting in uncontested director elections. Any incumbent directors not receiving a majority of shareholder votes will be deemed to have submitted their resignation to the board, which will be accepted on submission, Anaren said.
A non-incumbent director in an uncontested election must also receive a majority of the vote to be elected and qualified.
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“This amendment was adopted following overwhelming shareholder support at last year’s annual shareholder meeting in response to an advisory vote requesting elimination of the company’s plurality voting structure in favor of majority voting for directors,” Anaren Chairman, President, and CEO Lawrence Sala said in a news release.
DeWitt–based Anaren employs about 800 people. The company develops and manufactures components and subsystems for markets including satellite communications, defense, and wireless communications.
Anaren has locations in the Syracuse area, New Hampshire, Colorado, and China.
Contact Tampone at ktampone@cnybj.com
