Investor Relations

Policy on Director Resignation
In Connection with an Uncontested Election

In a non-contested election (as defined by the Bylaws) for a position on the Board of Directors, any incumbent director who does not receive the number of votes required by Article IV(2) of the Bylaws shall tender his or her resignation immediately following certification of the shareholder vote. Notwithstanding the foregoing, in the event that no nominee receives the number of votes required by Article IV(2) of the Bylaws, this policy shall not apply.