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News Breaks | | | | October 4, 2012 | | 06:03 EDT |  | LEI | Lucas Energy's board reports on request for special shareholders meeting
Lucas Energy announced that the various shareholders who had previously filed a press release requesting that the board of directors call a special meeting of the shareholders have not provided sufficient shareholder support to require the board to call such meeting. The board feels that the shareholder activists are distracting management from the current activities of the company. In response to this, the board has amended the company's bylaws to reflect that shareholders holding 30% or more of the outstanding shares are required to call a special shareholders' meeting rather than 10%. Further, the board changed the bylaws to reflect a two-thirds vote needed to remove a director as required by Nevada law. | |
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News For LEI From The Last 14 Days Check below for free stories on LEI the last two weeks. |
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| May 17, 2013 | | 08:50 EDT |  | LEI | Lucas Energy files $10M mixed securities shelf
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