Advertisement

Two Informatics board members kept their seats.

Share

But the software company, which has been fighting off a takeover effort by Sterling Software of Dallas, said its proposed anti-takeover measures were defeated. The two Informatics directors who won reelections to the board are Walter F. Bauer, the company’s founder and chief executive, and Clarence W. Spangle, an outside director and retired chief executive of Memorex. The chairman of Sterling Software, Samuel G. Wyly, and the company’s president, Sterling Williams, had sought to unseat them. Informatics said a preliminary count showed its incumbent board members winning by a vote of 2.35 million to 960,000. Informatics said it did not have a tally of the vote that turned down its proposals to establish “fair price” and anti-greenmail policies.

Advertisement