Teamsters Win Landslide Shareholder Vote At Hologic

Union Wins 85 Percent Support for Increased Accountability to Shareholders

News provided by

International Brotherhood of Teamsters

Mar 11, 2015, 12:11 ET

WASHINGTON, March 11, 2015 /PRNewswire-USNewswire/ -- A shareholder proposal sponsored by the Teamsters-affiliated GCC Benevolent Trust Fund secured an overwhelming majority vote of shareholders at last week's Hologic Incorporated annual meeting. The proposal called on the Board of Directors to submit the adoption, maintenance or extension of any poison pill plan to a vote of the shareholders.

"Poison pill plans can be detrimental to investor interests and manipulated to insulate management," said Ken Hall, Teamsters General Secretary-Treasurer. "Hologic owners agree that these plans need to be approved by shareholders."

According to Hologic's 8-K filing on March 3, 2015, 85 percent of the shares cast voted for the proposal.

"We urge the Board of Directors to take swift action in adopting this proposal as policy," said George Tedeschi, Chairman of the Benevolent Trust Fund.

Founded in 1903, the International Brotherhood of Teamsters represents 1.4 million hardworking men and women throughout the United States, Canada and Puerto Rico. Visit www.teamster.org for more information. Follow us on Twitter @Teamsters and on Facebook at www.facebook.com/teamsters.

Contact:
Kara Deniz, (202) 624-6911
[email protected]

Logo - http://photos.prnewswire.com/prnh/20100127/IBTLOGO

SOURCE International Brotherhood of Teamsters