The next sentence said that the rest of the independent stock would not all be voted, but their blocks would. Hence, you got a slate of 3 board members elected against the wishes of the current board.
But those 3 board members have no vote because they won't vote along the same lines as management which has more seats at the table. At best these 3 dick holes are there to break a split decision. When 80% of the board votes along the same line they are effectively powerless. Now, not only are they powerless, but have demonstrated that they are unfit to lead.
Activists = bottom tier shills.
(post is archived)