Score a win for dissident shareholders of Irvine-based healthcare software maker Quality Systems Inc.
Quality said Wednesday that shareholders elected two members of a dissident slate along six of the company’s nominees to seats on its board of directors after a spirited proxy fight.
Dissidents Ahmed Hussein, who owns some 18% of Quality, and Ibrahim Fawzi won seats on the board. Company candidates Chairman Sheldon Razin, Chief Executive Louis Silverman, Patrick Cline, Maurice DeWald, Vincent Love and Steven Plochocki, also won seats.
Quality makes software to help doctors and dentists manage their practices.
Two management board candidates lost: William Botts and Jonathan Javitt. Dissident candidate Ian Gordon also lost.
The dissidents claim that compensation for Quality’s management team is too high. In a statement, Quality said: “The proposed 2005 Stock Option and Incentive Plan was also adopted by shareholders, despite opposition from Mr. Hussein.”
