Mighty Kingdom shareholders today voted against a resolution brought by the studio's former CEO Shane Yeend to oust its current board of directors.
"With less than 10% of shareholders voting for resolutions proposed by shareholder Mr. Yeend aimed at replacing the Board, this [Extraordinary General Meeting] signifies a commitment for stability and trust in the future direction of the company," the studio said.
"In total, less than 34% of total issued shares were voted in favour of the resolutions proposed by Mr. Yeend, of which half of this total were from Mr. Yeend and his related companies."
source https://www.gamesindustry.biz/mighty-kingdom-fends-off-ex-ceos-takeover-attempt
