I recently came across the following vote tally in Item 5.07 of Form 8-K:
Item 5.07(b) requires disclosure of "the number of votes cast for, against or withheld, as well as the number of abstentions and broker non-votes as to each such matter . . .". This disclosure complies but I find it illogical.
As I've discussed many times (see, e.g., Jeremy Bentham - Present But Not Voting), abstentions are by definition shares that are not voted. Therefore, in my view it makes no sense to express the number of abstentions as a percentage of the "voted shares". It's a bit like saying "I have 3 cats and a dog and my one dog represents 25% of the cats."
Pompeii & The Ampersand
Have you ever wondered about that strange word "ampersand"? It's actually a contraction of two English and two Latin words "and per se and". The symbol is the result of a ligature of the Latin word et, which means and. A very early, if not the earliest, example of this logogram can be found scrawled on a wall in the ancient and doomed city of Pompeii.
Pompeii with Mt. Vesuvius in the background