10-728

10-728. Voting for directors; cumulative
voting

A. Unless otherwise provided in the articles of incorporation, directors are
elected by a plurality of the votes cast by the shares entitled to vote in the election
at a meeting at which a quorum is present.

B. At each election for directors, shareholders are entitled to cumulate their
votes by multiplying the number of votes they are entitled to cast by the number of
directors for whom they are entitled to vote and casting the product for a single
candidate or distributing the product among two or more candidates.