Information was posted on October 30, 2008.
URS BOARD ADOPTS MAJORITY VOTE STANDARD FOR ELECTION OF DIRECTORS
On November 14, 2006, the URS Board of Directors amended the Company's By-Laws to adopt a majority vote standard for the election of directors. This new vote standard replaced the Company's plurality voting standard. Under the new standard, in an uncontested election, each nominee for election to the Board is required to receive a majority of the votes cast in order to be elected to the Board. Any incumbent director who does not receive a majority of the votes cast in an uncontested election is required to tender his or her resignation to the Board. The Board Affairs Committee will then make a recommendation to the Board as to whether, considering all factors deemed relevant, the resignation should be accepted or rejected. The Board will then act upon the matter and publicly disclose its decision within 90 days after the certification of the election results.
Further information about URS' majority vote standard can be found at http://investors.urs.com under the Corporate Governance (By-Laws) tab. The text of the Company's majority vote standard is set forth in Article III, Section 8(c) of the By-Laws.