Annual meeting ratifies name change, new management.COSTA MESA, Calif.--(BUSINESS WIRE)--Oct. 24, 1995--Vintage Properties Inc. (old trading symbol Trading symbol See: Ticker symbol NNOTC 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 Bulletin Board:VPRO An x86 chip platform from Intel that supports hardware-based remote systems management. It comprises a Core 2 Duo CPU and a chipset that features Intel's Active Management Technology (AMT). ) held its annual general meeting on Monday, Oct. 23. Shareholders voted to change the name of the company from Vintage Properties to Xecom Corp. and elected new directors. Xecom's new trading symbol is XECM and its CUSIP number CUSIP Number An identification number assigned to all stocks and registered bonds. The Committee on Uniform Securities Identification Procedures (CUSIP) oversees the entire CUSIP system. Notes: This system is used in the U.S. and Canada. is 983899105. The new officers and directors are as follows: James W. Truher Chairman of the Board of Directors, Chief Executive Officer and President Paul Andre Chief Financial Officer and Director Dal Grauer Secretary and Director Clifford Casey Director Billy B. Oliver Director Edgar C. Gentle Director The shareholders increased the membership of the board of directors from three to a minimum of five and a maximum of 15 members. In other business at the meeting, the articles of incorporation The document that must be filed with an appropriate government agency, commonly the office of the Secretary of State, if the owners of a business want it to be given legal recognition as a corporation. were amended to increase the number of authorized common shares to 100 million, without par value. The shareholders also approved the issuance of 50 million shares of preferred stock Stock shares that have preferential rights to dividends or to amounts distributable on liquidation, or to both, ahead of common shareholders. Preferred stock is given preference over common stock. Holders of preferred stock receive dividends at a fixed annual rate. and delegated to the board of directors the authority to designate the series, as well as the respective rights and preferences, of the new preferred stock. Directors Truher, Oliver and Gentle are also directors of SelecTel Corp., a subsidiary of Xecom. SelecTel is a fully integrated telecommunications facilities management company located in Costa Mesa. Due to the acquisition of SelecTel, Xecom's business type is now listed as telecommunications. CONTACT: Kurt Jones, 800/427-8625 or T.L. Group, 800/862-1790 |
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