Voting Points The voting power of the account is multiplied by the number of Board positions being elected to determine the number of voting points. In even years 2 board positions are elected; in odd years 3 board positions are elected. Thus, in even year elections a 14,000 credit account has 4 voting points and 6 voting points in odd year elections.
The candidates receiving the highest number of voting points win.
Voter Participation For the 2012 election, the total voting power of all accounts was 543,603. There were 2 Board positions being elected, so the total points eligible to be voted was 1,087,603.
This means that only 30.8% of owner votes were cast, and 69% of owners did not vote!
There Are Two Ways to Vote:
- Vote in person at the annual meeting
- Designate someone (by proxy assignment) to vote for you
Unlike many Federal & State elections, there are no absentee ballots. You must vote in person at the annual meeting or, if you cannot attend, you may assign someone to vote for you at the annual meeting. This person is called a “proxy holder” and must be present at the annual meeting in order to cast your votes.
Any WorldMark owner, or owner entity, can be a proxy holder. WMOwners, Inc. is a proxy holder as is WorldMark’s Board of Directors. For reasons stated elsewhere, we encourage you to assign your proxy to WMOwners,Inc. and NOT to WorldMark’s Board of Directors.