US' CalSTRS backing Serba Dinamik on five of nine proposals at Jan 31 AGM

US' CalSTRS backing Serba Dinamik on five of nine proposals at Jan 31 AGM
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(Jan 14): California State Teachers' Retirement System (CalSTRS) disclosed its votes for engineering service provider Serba Dinamik Holdings Bhd's Jan 31, 2022 annual general meeting (AGM) in an update on CalSTRS's website managed by Glass Lewis.

CalSTRS, which owns a 0.273% stake in Serba Dinamik, said it was backing five of nine management proposals by Serba Dinamik.

CalSTRS said voted as follows on Serba Dinamik management's proposals.

Proposal 1 — Elect Awang Daud Awang Putera
Filed by: Serba Dinamik management
Vote: Against

Proposal 2 — Elect Syed Nazim Syed Faisal
Filed by: Serba Dinamik management
Vote: Against

Proposal 3 — Elect Noor Azri Noor Azerai
Filed by: Serba Dinamik management
Vote: Against

Proposal 4 — Directors' fees and benefits
Filed by: Serba Dinamik management
Vote: Against

Proposal 5 — Appointment of auditor and authority to set fees
Filed by: Serba Dinamik management
Vote: For

Proposal 6 — Related-party transactions
Filed by: Serba Dinamik management
Vote: For

Proposal 7 — Authority to repurchase and reissue shares
Filed by: Serba Dinamik management
Vote: For

Proposal 8 — Adoption of new constitution
Filed by: Serba Dinamik management
Vote: For

Proposal 9 — Authority to issue shares without pre-emptive rights
Filed by: Serba Dinamik management
Vote: For