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Business Organizations Keyed to Macey
Salgo v. Matthews
Citation:
497 S.W.2d 620Facts
In General Electrodynamics Corporation, the incumbent management faction was headed by Francis Salgo, the president of the company. At the meeting, Salgo appointed Julian Meet as election inspector. During the proxy appointments, plaintiffs presented to defendant Meer four proxy documents purporting to have been executed in plaintiffs’ favor on behalf of Pioneer Casualty Company, the registered owner of 29,934 shares of stock. Beneficial title to these shares had been transferred to Don Shepherd. Defendant Meer refused to accept the proxies and their validity is the principal matter in controversy.
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