Case Problem Analysis : Shareholder Rights On July $1,2020,$ the shareholders of Xolan, Inc., convened for their annual shareholders meeting. The record date for the meeting was June $1,2020.$ During the meeting a debate arose about who was eligible to vote. Mike tried to vote at the meeting, but Brenda claimed that she, and not Mike, was able to vote at the meeting because she purchased all of Mike's $100$ shares of voting common stock on June $15,2020.$ Furthermore Brenda claims she can vote based on her ownership of preferred stock in XolanFinally $,$ Brenda argued that Francesca $,$ who signed a proxy agreement dated May $1,2019$ to have someone vote on her behalf $,$ cannot vote through that representative because the proxy agreement had expired $.$ Is Brenda correct $?$