Mobile Mini Board Votes In Favor Of Declassification Of Board Of Directors

(RTTNews) - Mobile Mini Inc. (MINI) announced Thursday that its board unanimously voted in favor of amending the company's certificate of incorporation to declassify the Board, eliminating the staggered election of Board members.

Approval of the amendment will require support by the holders of a majority of outstanding shares of the Company's common stock at the Company's next annual meeting of stockholders to be held on April 30, 2015.

The company stated that the Declassification of the Board will permit its stockholders to vote annually on the election of all Directors. Currently, the Company's three classes of Directors are elected for staggered three-year terms. If stockholders approve the proposal to declassify the Board, Directors would be elected to one-year terms as their existing terms expire beginning with the Directors elected at the Company's 2015 Annual Meeting.