Bubba owns stock with cumulative voting rights. There are five vacancies on a board and he owns 100 shares of stock. Bubba is entitled to cast the following votes:
A)a total of 100 votes
B)a total of 100 votes per
C)a total of 500 votes
D)you are not allowed to vote

Question

Quizplus · Accepted Answer

500 votes. Under cumulative voting, the number of directors is multiplied by the number of shares owned. The votes may be cast all for a single director or divided in any manner among the directors.

Bubba Owns Stock with Cumulative Voting Rights