Salgo v. Matthews

GUITTARD, Justice.

This equitable proceeding involves a proxy contest for control of General Electrodynamics Corporation, a Texas corporation. Stockholders Joe W. Matthews and Paul Thorp, representing the faction opposed to current management, sought the aid of the district court in requiring the president, as chairman of the stockholders’ meeting, and the election inspector appointed by him, to accept certain disputed proxies, count the votes of the stockholders cast under these proxies, and declare that the candidates supported by plaintiffs had been elected directors of the corporation. We…