Question
1. Assume Narwhal has outstanding 6,000,000 shares of common stock, 100,000 shares of Series A Preferred, and 100,000 shares of Series B Preferred, and that
1. Assume Narwhal has outstanding 6,000,000 shares of common stock, 100,000 shares of Series A Preferred, and 100,000 shares of Series B Preferred, and that the shareholders have called a shareholders' meeting to remove a director. How many votes need to be represented at the meeting to meet the quorum requirement? What is the minimum vote required for Narwhal shareholders to remove a director assuming no abstentions?
2. Does Narwhal have a staggered board? Explain.
3. What is the minimum number of votes an individual could receive and still be elected to Narwhal's board of directors?
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