Serving the professional textile care industry since 1885
Stockholders of the Mac-Gray Corporation, the Massachusetts-based supplier of laundry facilities management have re-elected incumbent director Christopher Jenny. Bruce C Ginsberg, a candidate nominated by an affiliate of Fairview Capital Investment Management was also elected, in opposition to the incumbent directors.
Mac-Gray’s chairman and CEO Stewart MacDonald was not re-elected, despite the fact that he and his family control over 32% of the outstanding shares.
Stockholders approved the 2009 Mac-Gray Corporation Stock Option and Incentive Plan and the non-binding proposal to adopt a majority voting standard for uncontested director elections.
