PerkinElmer to alter election rules
PerkinElmer Inc., a health and industrial sciences company, said today that its board would adopt a majority voting standard for electing uncontested director candidates.
The amendment will be voted on at the annual shareholder meeting in April.
Under terms of the amendment, uncontested nominees would be elected if the number of votes for the nominee outnumbers the number of votes against the nominee.
For contested elections, directors would continue to be elected by a plurality.
If a director is not reelected, he is expected to resign. The board then has 90 days to decide whether to accept the resignation.
The board also said shareholders would have to put forward the name of a director nominee at least 75 days before the first anniversary of the Wellesley company's previous annual meeting.
(AP)
