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Yahoo! sets Aug. 1 as date for annual meeting
By Lisa Kerner
Charlotte, N.C., June 3 - Yahoo! Inc. announced it will hold its annual meeting of stockholders on Aug. 1 at 1 p.m. ET.
The record date for the meeting is the close of business on June 3, according to a schedule 14A filing with the Securities and Exchange Commission.
At the meeting, Yahoo! shareholders will be asked to:
• Elect nine directors to serve until the 2009 annual meeting of stockholders or until their respective successors are elected and qualified;
• Ratify the appointment of PricewaterhouseCoopers LLP as the independent registered public accounting firm for the company for the fiscal year ending Dec. 31, 2008;
• Vote upon three proposals submitted by stockholders, if properly presented at the annual meeting; and
• Transact other business and any adjournment or postponement of the meeting.
The Federal Trade Commission recently granted early termination of antitrust reviews in activist investor Carl Icahn's bid to purchase up to $2.5 billion of Yahoo! stock, a government release said.
Icahn nominated a slate of nine candidates plus himself for election to the Yahoo! board of directors after the current board turned down a merger deal with Microsoft Corp.
It was previously reported that Icahn said Microsoft's $33-per-share bid for Yahoo! is a superior alternative to Yahoo!'s prospects of operating as a standalone company.
Yahoo! provides internet services. The company is based in Sunnyvale, Calif.
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