Allscripts (MDRX) Adopts Majority Voting Policy for Director Election
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Allscripts (NASDAQ: MDRX) announced that the Board of Directors of Allscripts Healthcare Solutions, Inc., amended its Bylaws and revised its Corporate Governance Guidelines to adopt a majority voting policy.
Under the policy, any nominee for director who fails to receive a majority of the votes cast with respect to his or her nomination in an uncontested election must tender his or her resignation as director. Any such resignation will be considered by the Board's Nominating and Governance Committee in accordance with the requirements of the Company's Corporate Governance Guidelines, which are available at the Company's website, at www.allscripts.com.
In addition, the Company announced that its 2013 Annual Meeting of Stockholders would be held on Tuesday, May 21, 2013. Location details will be published in the notice of annual meeting to stockholders.
Finally, the Company indicated that the Board of Directors expects the Stockholder Rights Plan approved on May 7, 2012, to expire under its original terms on May 6, 2013, without being renewed.
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Under the policy, any nominee for director who fails to receive a majority of the votes cast with respect to his or her nomination in an uncontested election must tender his or her resignation as director. Any such resignation will be considered by the Board's Nominating and Governance Committee in accordance with the requirements of the Company's Corporate Governance Guidelines, which are available at the Company's website, at www.allscripts.com.
In addition, the Company announced that its 2013 Annual Meeting of Stockholders would be held on Tuesday, May 21, 2013. Location details will be published in the notice of annual meeting to stockholders.
Finally, the Company indicated that the Board of Directors expects the Stockholder Rights Plan approved on May 7, 2012, to expire under its original terms on May 6, 2013, without being renewed.
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