Umang Gupta, the chief executive of Keynote Systems, had offered to give back an option grant good for 400,000 shares as an incentive to convince shareholders to approve a proposal to extend the company’s 1999 stock incentive plan by two years, gave back even more, according to an SEC filing today.
The measure had failed to attract enough “yes” votes Read the rest of this entry »
In an attempt to ensure shareholder approval of its postponed proposal to extend the terms of its current stock incentive plan today, Keynote System’s chief executive Umang Gupta agreed yesterday to cancel an option on 400,000 shares granted to him in November 2007.
At its shareholder meeting last week, the proposal was the only measure that failed Read the rest of this entry »
Keynote Systems counted the votes on its proposal seeking shareholder approval to extend its 1999 stock incentive plan at its annual meeting today, and decided it needed more time to, presumably, solicit additional support for the measure, according to a regulatory filing.
“As of February 27, approximately 12 million of the approximately 14.1 million outstanding shares have been voted, with approximately 48.3% of votes cast in favor of extending the Plan and approximately 51.7% against.”
The apparent rejection of the measure came despite Read the rest of this entry »
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