LeapFrog 2015 Annual Report Download - page 127

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The Bylaws Amendment, however, will not affect whether stockholder suits may be file litigation, nor will it
restrict the kind of remedy stockholders may obtain in such litigation.
The Bylaws Amendment would also not apply to pending stockholder litigation, which is summarized in
our Annual Report on Form 10-K for the fiscal year ended March 31, 2015, which we filed with the SEC on
June 15, 2015.
This description of the proposed Bylaws Amendment is a summary and is qualified by and subject to the
full text of the Bylaws Amendment, which is attached to this proxy statement as Appendix A. Additions of
text to our Bylaws contained in Appendix A are indicated by underlining, and deletions of text are indicated
by strike-outs.
REQUIRED VOTE
This Proposal Three must receive a ‘‘For’’ vote from a majority of the voting power present and entitled
to vote either in person or by proxy on the proposal in order to be approved. Abstentions will be counted
toward the tabulation of votes cast on proposals presented to the stockholders and will have the same effect as
‘‘Against’’ votes. Under the rules of the NYSE, brokers are prohibited from giving proxies to vote on
non-routine matters unless the beneficial owner of such shares has given voting instructions on the matter. The
proposal to amend our bylaws is a non-routine matter. This means that if your broker is the record holder of
your shares, you must give voting instructions to your broker with respect to this Proposal Three if you want
your broker to vote your shares on the matter. If you do not give your broker voting instructions, your shares
will be treated as broker non-votes. Broker non-votes will have no effect on the outcome of the vote.
RECOMMENDATION
The Board of Directors recommends a vote FOR Proposal Three.
17