Can you please tell me where you found this latest release.
Since I can't cut and paste I will note two sentences that to me are weird and/or contradictory.
"....the positions of Rex Chadwick and Michael O'Shannassy are to be filled by an
election.
Each of these Directors being eligible, may offer themselves for
re-election." my bold.
The phrasing is really weird but at least let's us know that there are only two positions up for grabs as the next para says:
" Nominations for positions of the two (2) directors will be accepted...."
That seems to confirm that Peggy is taking a seat as a board nominated director this year.
So WTF with the Chadwick, O'Shannassy spots.
I've got a suspicion that what they meant to say was those spots will be filled by the board and they will be re-elected as usual when their terms expire.
Note that there is the use of the word "may" in the re-election offer.
"Shifty" Stahl seems to be even confused himself with these moves.