ATLANTIC GULF COMMUNITIES ELECTS DIRECTORS AT THIRD ANNUAL MEETING.ORLANDO, Fla.--(BUSINESS WIRE)--May 17, 1995--At the Company's third annual meeting, shareholders of Miami- based Atlantic Gulf Communities Corporation (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :AGLF AGLF Association for Governmental Leasing and Finance AGLF Asian Government Leaders Forum ) today re-elected Gerald N. Agranoff, J. Larry Rutherford Rutherford (rŭth`ərfərd), borough (1990 pop. 17,790), Bergen co., NE N.J., a residential suburb of the New York City–N New Jersey metropolitan area; inc. 1881. Several pre-Revolutionary houses remain there. and John W. Temple as directors to serve until 1998, and approved the Company's 1994 non-employee Directors stock option plan. In addition, the shareholders rejected a stockholder proposal to amend the Company's bylaws The rules and regulations enacted by an association or a corporation to provide a framework for its operation and management. Bylaws may specify the qualifications, rights, and liabilities of membership, and the powers, duties, and grounds for the dissolution of an to eliminate the staggered elections of Board members. Atlantic Gulf Communities Corporation, with assets of more than $365 million, is one of Florida's largest real estate developers, owning 60,000 acres in Florida and an additional 5,500 acres in the Cumberland Plateau Cumberland Plateau or Cumberland Mountains, southwestern division of the Appalachian Mt. system, extending northeast to southwest through parts of West Virginia, Virginia, Kentucky, and Tennessee into N Alabama. Black Mt., Ky. area of Tennessee. Headquartered in Miami, the Company is a leader in professional development services, and is known for its leadership role in environmental quality. CONTACT: Harry Rose, Atlantic Gulf Communities Corporation (305) 859-4376 OR Michael Seely, Investor Access Corporation (212) 692-9060 |
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