Bell Industries Re-Elects Board of Directors, Extends Shareholders' Rights Plan.Business Editors EL SEGUNDO El Segundo (ĕl sēgŭn`dō), industrial city (1990 pop. 15,223), Los Angeles co., S Calif., on Santa Monica Bay; inc. 1917. Its products include navigation and computer systems, aircraft parts, office machines, telephone apparatus, and , Calif.--(BUSINESS WIRE)--May 30, 2001 Bell Industries Inc. (AMEX AMEX See: American Stock Exchange :BI) announced that all incumbent directors were re-elected at its annual shareholders' meeting shareholders' meeting n. a meeting, usually annual, of all shareholders of a corporation (although in large corporations only a small percentage attend) to elect the Board of Directors and hear reports on the company's business situation. , conducted today in Indianapolis. The company also said it has extended its shareholders' rights plan to May 31, 2003. The plan was due to expire May 31, 2001. In view of the company's current repositioning repositioning Laparoscopic surgery The changing of a Pt's position during a procedure to improve access or visualization of the operative field, which may be linked to complications, as it changes anatomic planes of operation. Cf Laparoscopic surgery. efforts, the plan was extended to assist the board in assuring that all Bell shareholders would receive fair and equal treatment in the event of partial tender offers, open market accumulations, or other potentially abusive tactics. The plan has no dilutive effect Dilutive effect Result of a transaction that decreases earnings per common share (EPS). , will not affect reported earnings per share, is not taxable to Bell or its shareholders, and will not change the way in which Bell shares are traded. Bell's primary business, Bell Tech.logix, is a multiregional provider of integrated computer technology solutions for middle market organizations. Bell also distributes aftermarket parts and accessories to the recreational vehicle market and manufactures specialized products for the computer and electronics industry. |
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