Nuvasive stock holders jab Directors

Nuvasive's latest SEC filing says the Stock Holders voted against compensating the Directors:

http://biz.yahoo.com/e/120525/nuva8-k.html

""""""Approval by the Company's stockholders by advisory (non-binding) vote on the
compensation of the Company's named executive officers, as disclosed in the
Company's proxy statement for the Annual Meeting pursuant to the compensation
disclosure rules of the SEC, failed by the following vote:


Votes Votes Broker
For Against Abstentions Non-Votes
11,520,323 23,651,374 149,382 3,769,575"""""""""


Ouch.

 

Also read the statement at the bottom of that link in Nuvasive's SEC filing.


Sounds like Company performance ain't doing so well. Bosses are getting compensation cut severely.

 

Looks like the Director they just put in charge is an Australian.

 

http://finance.yahoo.com/q/ks?s=NUVA+Key+Statistics

Profitability / Profit Margin = -12.60%

Return on Equity = -14.84%

Quarterly Earnings Growth (year over year) = -71.50%

Net Income Available to Common Stockholders = -$71.54 Million


What's that last one about? Sounds dire.