Earlier quoted context omitted.
Given that, among actual shareholders, only 2.95% voted for the proposal, I do not think they are especially panicked about the future of the stock.
This proposal is only one manifestation of investors' concerns. It doesn't follow that because 3% voted for it, only 3% are concerned about the stock, which has been downgraded for the first time in 10 years.
Now you have changed the investors' dispositions from "panicked" to "concerned". Assume that 100% of shareholders are "concerned" about the stock. It still follows that, at best, only 2.95% of shareholders are "concerned" about this particular information.