Jim "Thorny" Johnson is a shareholder of Staid Corporation and is the informal head of a dissident group.Thorny has engaged in three proxy contests with Staid's Board of Directors.In the first,Thorny sought to recall one of the board members because of personal dislike.This effort was successful.In the second,Thorny sought to have the company stop doing business with nations that have not signed the Montreal Protocol of 1987 dealing with phasing out of substances thought to deplete atmospheric ozone.This effort was unsuccessful.Thorny's third proxy contest sought having his pet poodle,Alicia,named the official mascot of Staid Corporation.This effort was successful,mainly because the board thought if they did this,Thorny would not bother them in future proxy contests.The board members and Thorny incurred substantial expenses in conducting these proxy contests.Can either side recover any of these costs,and from whom?

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The Answer of Jim "Thorny" Johnson is a shareholder of Staid Corporation and is the informal head of a dissident group.Thorny has engaged in three proxy contests with Staid's Board of Directors.In the first,Thorny sought to recall one of the board members because of personal dislike.This effort was successful.In the second,Thorny sought to have the company stop doing business with nations that have not signed the Montreal Protocol of 1987 dealing with phasing out of substances thought to deplete atmospheric ozone.This effort was unsuccessful.Thorny's third proxy contest sought having his pet poodle,Alicia,named the official mascot of Staid Corporation.This effort was successful,mainly because the board thought if they did this,Thorny would not bother them in future proxy contests.The board members and Thorny incurred substantial expenses in conducting these proxy contests.Can either side recover any of these costs,and from whom?

Jim "Thorny" Johnson Is a Shareholder of Staid Corporation and Is