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Ellie Mae board calls on stockholders to reject investor proposal regarding proxy access

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Ellie Mae board calls on stockholders to reject investor proposal regarding proxy access

Ellie Mae Inc.'sboard urged stockholders to vote against a shareholder proposal regarding proxyaccess, according to a definitive proxy statement filed April 7.

Stockholder Myra Young proposed that the company include in proxymaterials the name, disclosure and statement of any person nominated for electionto the board by a shareholder or an unrestricted number of shareholders forminga group that meets a certain criteria. Young beneficially owns 100 Ellie Mae commonshares, as of Dec. 23, 2015.

The board believes its nominating and corporate governance committeeis "best positioned" to select director candidates.

Stockholders as of March 31 are entitled to vote at the annualmeeting on May 25.