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CBL & Associates' director removal proposal gains shareholder OK

CBL & AssociatesProperties Inc. shareholders voted to approve a proposal to delete a provision governing director removalsin the company's amended and restated certificate of incorporation.

Specifically, the proposal eliminates the requirement that directorsmay only be removed "for cause," according to a filing.

The company said the proposal received the support of 155,914,200of the votes cast at the May 2 annual stockholder meeting, while 5,497,625 voteswere cast against it, and 247,216 votes were abstentions or broker non-votes.