Joined: Thu 14 Apr 2005 7:10 pm
Location: Southern California
UPDATED: Now that we finally have the proxy breakdown, here is the way it went:
|Name||Total Votes||Developer Votes||Owner Vote Incl Proxies||Proxies||Real Owner Vote|
|Dolas “Dale” Bain||003,551||75,520||003,551||97,670||003,551|
|M. Cecilia Cuevas||006,284||75,520||006,284||97,670||006,284|
|Dr. Rosemarie Rohatgi||005,562||75,520||005,562||97,670||005,562|
|Dr. William Stokes||004,254||75,520||004,254||97,670||004,254|
As you can see, Marci was the clear winner here, but again is thwarted from actually being placed on the BoD. Prior to 2006, ALL BoD proxies had been evenly split among all candidates by the percentage of the owner vote and the developer did not vote their unsold credits. Heck, even Cliff Connors and David Moody, unknowns, got more votes from owners than either Herrick or Henley! Good thing for Wyndham that they had those votes or there would be two new directors: Marci Tribe and Cliff Connors, with David Moody just 9 votes behind Cliff!!!!! The WM BoD would have had to elect a new president and secretary with both Herrick and Henley out.
In this election, with the developer-controlled BoD voting the proxies and the developer vote, Wyndham controlled a massive 78.66% of the all votes cast.
You can review the minutes that I've attached to see how the proxies were decided. I wonder, does anybody but me think it's a total SHAM that Herrick actually made the motion that HE receive 50% of the proxies?
Do NOT assign your proxy to the BoD. Assign your proxy to WMOwners, Inc.
STOP Increased Credit Requirements and Credit Dilution