ARM 6.6.1319. PROXY STATEMENTS--SUBMISSION WHEN STOCKHOLDER VOTE NOT REQUIRED

(1) If action is to be taken with respect to any matter which is not required to be submitted to a vote of stockholders, the proxy statement shall state the nature of the matter, the reason for submitting it to a vote of stockholders, and any action intended by the management in the event of a negative vote on the matter by the stockholders.