NEW YORK (Thomson Financial) - A. Schulman Inc. Monday said its board
recommended the declassification of its board structure, amending its
certificate of incorporation to remove staggered director terms.
The directors currently serve for three-year periods, and are divided into
three classes. In the proposal, the current directors would serve the remainder
of their terms and then become subject to annual election by the company's
shareholders.
Shares of A. Schulman closed Friday at $22.63.
Ryan Vlastelica
rv/tk1
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