Directors Bill Fairfield, Anshoo Gupta and Elliot Kaplan were re-elected to three-year terms, garnering 62%, 62% and 58% of the vote, respectively. Stockholders also approved an equity incentive plan.
“We are pleased at the strong showing of support by our shareholders that the vote reflects,” said Vinod Gupta, CEO of infoUSA, in a statement. “We find it particularly gratifying that the shareholders rejected Dolphin Limited Partnership’s campaign against the company.”
Dolphin, a minority shareholder, had urged shareholders to withhold votes for the three directors, as well as to defeat the proposed incentive plan allowing the issuance of millions of additional options to executives.
Dolphin and Cardinal Capital, another minority shareholder, filed a lawsuit last month claiming Gupta mismanaged the company. The lawsuit raises questions about consulting fees paid to former President Bill Clinton, as well as Clinton’s use of the company’s private jet.