Barringer Technologies reports annual meeting results.NEW PROVIDENCE, N.J.--(BUSINESS WIRE)--Sept. 14, 1995--Barringer Technologies Inc. (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 SmallCap: BARR BARR Board on Agriculture and Renewable Resources (Washington, DC, USA) BARR Bureau of Aeronautics Resident Representative , BARRW) announced that at its reconvened annual meeting today its shareholders approved a proposed amendment to the company's Certificate of Incorporation certificate of incorporation n. some states issue a certificate to prove a corporation's existence upon the filing of Articles of Incorporation. In most states the Articles are sufficient proof. to increase the authorized shares Authorized shares Number of shares authorized for issuance by a firm's corporate charter. of capital stock of the company. Under the proposal, the company's authorized shares of Common Stock will be increased from 5 million shares to 7 million shares (after giving effect to the previously announced one-for-four reverse stock split also approved by the company's shareholders) and the company's authorized 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. will be increased from 1 million shares to 4 million shares. The annual meeting had previously been adjourned on Aug. 30, 1995 solely to allow shareholders sufficient time to vote on the proposed amendment. As previously announced, at the annual meeting the company's shareholders also approved a management proposal to effect a one-for-four reverse stock split of the company's Common Stock and elected Stanley S. Binder, John H. Davies, John J. Harte, Richard D. Condon, John D. Abernathy and James C. McGrath as the company's directors. Barringer Technologies Inc. is a holding company with three operating groups. Barringer Instruments develops, manufactures and markets specialty analytical instruments for drugs and explosives detection, exploration and environmental monitoring applications. Barringer Consumer Products, LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control markets the Barringer DrugAlert System(TM), a home drum test and identification system. Barringer Laboratories Inc., 47% owned, provides analytical services to the environmental and minerals industries. CONTACT: Barringer Technologies Inc., New Providence Stanley Binder or Richard S. Rosenfeld, 908/665-8200 |
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