How many directors can earl-antonio and trisha elect

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ABC Inc. issued common and preferred stock. Earl owns 60,000 shares of ABC common stock and Antonio owns the remaining 40,000 shares of common stock. Trisha owns 200,000 shares of ABC preferred stock, which has typical rights and preferences. At its annual meeting, the shareholders are to elect a board of directors comprised of three directors. The articles of incorporation require cumulative voting for electing the BOD. Each shareholder has three candidates that he or she would like to be elected to the BOD.

a. Who is entitled to vote?

b. How many directors can Earl, Antonio and Trisha elect?

c. Could Earl authorize Ann, a third party, to vote his shares? If so, how would he do this?

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Reference no: EM13781603

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