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The final tally of FOR votes cast in the election of directors were as follows:
Nominee: Votes For:
Christopher T. Jenny 7,294,268
Bruce C. Ginsberg 5,951,044
Stewart G. MacDonald, Jr. 5,898,887
Scott W. Clark 4,519,789
Stockholders approved the 2009 Mac-Gray Corporation Stock Option and Incentive Plan with vote totals of 10,461,411 in favor, 328,452 against and 980,936 abstained. Stockholders also approved the non-binding proposal to implement a majority voting standard for uncontested director elections with vote totals of 8,475,483 in favor, 3,434,017 against and 653 abstained. The non-binding proposal to declassify the Company's Board of Directors was not passed by stockholders with vote totals of 6,234,263 against, 5,675,212 in favor and 678 abstained.
The independent inspector of elections denied a request to include proxies that were received after the closing of the polls at the Annual Meeting of Stockholders.
About Mac-Gray Corporation
Founded in 1927, Mac-Gray derives its revenue principally through the contracting of debit-card- and coin-operated laundry facilities in multi-unit housing facilities such as apartment buildings, college and university residence halls, condominiums and public housing complexes. Mac-Gray manages approximately 80,000 laundry rooms located in 43 states and the District of Columbia.
Mac-Gray also sells, services and leases commercial laundry equipment to commercial laundromats and institutions through its product sales division. This division also includes Mac-Gray's MicroFridge(R) business, where Mac-Gray sells its proprietary MicroFridge(R) line of products, which are combination refrigerators/freezers/microwave ovens utilizing innovative Safe Plug circuitry. MicroFridge(R) and Maytag products bear the ENERGY STAR(R) designation. To learn more about Mac-Gray, visit the Company's website at www.macgray.com.
Contacts:
Michael J. Shea Jim Buckley
Chief Financial Officer Executive Vice President
Mac-Gray Corporation Sharon Merrill Associates, Inc.
781-487-7610 617-542-5300
Email: mshea@macgray.com Email: jbuckley@investorrelations.com
SOURCE Mac-Gray Corporation
http://www.macgray.com
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