Select Medical Holdings shareholders approve board changes and proposals at annual meeting

Select Medical Holdings shareholders approved various proposals at their annual meeting, including the election of three Class II directors, a non-binding advisory vote on executive compensation, and the ratification of PricewaterhouseCoopers LLP as their accounting firm. They also approved an amendment to phase out the classified board structure and a proposal giving shareholders the right to call a special meeting at a 25% ownership threshold, while rejecting a 10% threshold. The company is also in the process of being acquired by a consortium led by its executive chairman for an enterprise value of $3.9 billion.