On January 21, 2014, Applied Materials, Inc. announced that it has filed a definitive proxy statement soliciting proxies and urged the shareholders to vote against a proposal from Kenneth Steiner asking the Company board of directors to take the steps necessary to amend the Company bylaws and each appropriate governing document to give holders of 10% of the /company outstanding common stock the power to call a special shareowner meeting at the Company's annual general meeting of shareholders scheduled to be held on March 4, 2014.