Company

CalPERS Holding
(in shares)

CalPERS Shareholder Proposal

Result of Company Meeting

Advanced Micro Devices

1,168,740

Board's Chairperson be an Independent Director

None

Bob Evans Farms

317,822

None

• Committed to separate
the Chair and CEO positions;
• Elected a lead independent director.

Crown Cork and Seal

227,300

Withdrawn

• Adopted a bylaw to require that a majority of directors be independent.

233,400

Withdrawn

• Will restructure the board to include a majority of independent directors;
• Will establish a Nominating Committee consisting of independent directors and the CEO;
• Will make director compensation more competitive, and an agreement to pay 50 percent in stock; and
• Will eliminate any involvement of management in establishing the compensation of the CEO.

First Union Corporation

5,091,209

Withdrawn

• Will designate a lead independent director; and
• Agreed that future Nominating Committee will not include CEO.

Intergraph Corporation

428,100

Withdrawn

• Will appoint three additional independent directors;
• Will appoint a lead independent director; and
• Will form a Compensation Committee and Nominating Committee comprised solely of independent directors.

J.C. Penney

1,430,100

Declassify the Board

None

Lone Star Steak House

389,400

Majority of the Board be comprised of Independent Directors

• Will perform annual evaluations of the CEO;
• Will study the current compensation of the Board and portion paid in stock.
• Will form a Nominating Committee comprised of solely independent directors.

Phycor

572,700

Withdrawn

• Will maintain a majority of independent directors

Rite Aid

1,317,000

None

• Rite Aid has been proactive in discussions with CalPERS during a time of extensive management restructuring at the Company. Rite Aid has indicated that corporate governance issues will be a top priority in forthcoming Board and management changes.