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Article: Yacktman Wins Vote To Remove and Replace Yacktman Funds' Directors.
- Article from:
- PR Newswire
- Article date:
- December 1, 1998
CopyrightCOPYRIGHT 1998 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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CHICAGO, Dec. 1 /PRNewswire/ -- Yacktman Asset Management Co. ("Yacktman") announced today that it has received a preliminary tally from the independent inspectors of election of the votes cast by stockholders of The Yacktman Funds, Inc. (the "Funds"), at the special meeting of stockholders of the Funds (the "Special Meeting"), held in Chicago on November 24, 1998.
The report of the independent inspectors of election reveals that, at the Special Meeting, owners of a majority of the Funds' outstanding shares voted in favor of Yacktman's proposals to remove four of the Funds' six directors, to reduce the size of the Funds' board of directors to five seats from six ...