2018 Annual Proxy Guide

©2018 Mediant Communications Inc. Proprietary & Confidential Information. All Rights Reserved. 24 2018 Proxy Guide Glossary of Terms Agenda – The agenda of an annual meeting lists the meeting date, time, location, and items of business to come before the meeting. Annual Meeting – An annual meeting is held once a year to elect the board of directors and transact business that requires shareholder approval. The Chief Executive Officer will report to stockholders on the year's results and outlook for the coming year. Outside the US, an annual meeting is referred to as an annual general meeting. Annual Report – An annual publication that public companies must provide to shareholders describing operations and their financial condition. Ballot – A device used to cast votes. Beneficial Owner – A beneficial owner is someone who either directly or indirectly has voting power (the power to vote) or investment power (the power to dispose, or direct the disposal of) a security. Board of Directors – A group of individuals who are elected to act as representatives of the stockholders to establish corporate management related policies and make decisions on major company issues. Board of Trustees – A group of individuals named to manage a non-stock corporation, i.e., mutual fund, mutual savings bank, or foundation. Broker – A broker is an individual or party (brokerage firm) that arranges transactions between a buyer and seller for a commission or fee. Broker Discretionary Voting – NYSE Rule 452 permits brokers to cast votes for customers who have not responded to a request for voting instructions in a proxy solicitation. Broker voting of uninstructed proxies only occur in matters of routine business at annual meetings.