Barnes & Noble Announces Preliminary Results of Annual Meeting (BKS)

Barnes & Noble, Inc. BKS today announced preliminary results of shareholder voting at today's Annual Meeting. Based on the advice of the Company's proxy solicitor, it appears that shareholders reelected Len Riggio and elected David Golden and Dr. David Wilson to the Board of Directors and rejected a shareholder proposal submitted by The Yucaipa Companies, Inc. to weaken Barnes & Noble's Shareholder Rights Plan. Preliminary results as tabulated by the Company's independent Inspector of Elections, IVS Associates, Inc., will be announced within four business days, and final results will be announced promptly following certification by the Inspector. “We are very pleased by the shareholder support we have received,” said Len Riggio, Chairman of the Board of Directors. “The Board enthusiastically welcomes David Golden and David Wilson and looks forward to working with them as we continue to execute our strategic initiatives to build shareholder value. We are also pleased that our shareholders recognize the important protections of our Rights Plan.”