Assume the following facts: WKS Corp. has 1,000 shares of common stock outstanding. You own
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Question:
• WKS Corp. has 1,000 shares of common stock outstanding.
• You own 450 and I own 550 of these shares.
• The WKS board consists of seven directors, all of whom are up for election.
• WKS is a Delaware corporation and its charter provides for cumulative voting.
• Your preferred director candidates in order of preference are A, B, C, D, E, F, and G.
• My preferred director candidates in order of preference are H, I, J, K, L, M, and N.
1. How many directors can you elect? How many can I elect?
2. How should you cast your votes? How should I cast my votes? Make sure you detail how you arrived at your answers.
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