Printer Friendly
The Free Library
19,585,946 articles and books
Member login
User name  
Password 
 
Join us Forgot password?

Brightpoint Announces Results of 2007 Annual Meeting of Shareholders.


PLAINFIELD Plainfield, city (1990 pop. 46,567), Union co., NE N.J.; settled 1684 by Friends, inc. as a city 1869. Formerly a residential city in the New York metropolitan area, it has become the urban center of 10 closely allied municipalities, with diversified industries, , Ind IND Investigational new drug Therapeutics A status assigned by the FDA to a drug before allowing its use in humans, exempting it from premarketing approval requirements so that experimental clinical trials may be conducted. See Phase 1.2, 3 studies, Sponsorship. . -- Brightpoint Brightpoint, Inc. (NASDAQ: CELL) is a leading global communications technology firm that specializes in the distribution of wireless devices and in providing customized logistics services to the wireless industry. , 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
:CELL) (the "Company") announced today the results of its 2007 Annual Meeting of Shareholders held today. The Company's shareholders approved all of proposals set forth in its Proxy Statement Proxy Statement

A document containing the information that a company is required by the SEC to provide to shareholders so they can make informed decisions about matters that will be brought up at an annual stockholder meeting.
 dated June June: see month.  20, 2007. The proposals approved were as follows:
    1) the election of Eliza Hermann, V. William Hunt and Stephen H.
       Simon as  Class I directors, each to hold office until
       Brightpoint's Annual Meeting of Shareholders to be held in 2010
       or, if the class of any such director is reconstituted in
       accordance with the approval of Proposal 3, below, until the
       next Annual Meeting of Shareholders at which the class to which
       such director is reconstituted is up for reelection, and, in
       either case, until the director's successor has been duly
       elected and qualified;

    2) Brightpoint's issuance of 30,000,000 shares of its common stock
       (which amount will equal approximately 59% of Brightpoint's
       outstanding common stock prior to such issuance) as partial
       consideration for its proposed acquisition of all of the
       capital stock of Dangaard Telecom A/S a Danish company
       ("Dangaard Telecom") from Dangaard Holding A/S, a Danish
       company ("Dangaard Holding") the sole shareholder of Dangaard
       Telecom, under the terms and conditions described in the stock
       purchase agreement, dated February 19, 2007, as amended on
       April 19, 2007, May 17, 2007 and June 15, 2007, among
       Brightpoint, Inc., Dangaard Holding A/S, Dangaard Telecom A/S
       and Nordic Capital Fund VI;

    3) the appointment of three designees of Dangaard Holding (each of
       whom has been approved by the corporate governance and
       nominating committee of Brightpoint's board of directors and
       determined to be independent under both the board's corporate
       governance principles and NASDAQ Marketplace Rule 4200(a)) to
       fill the vacancies that will be created by the resignations of
       three of the nine members of Brightpoint's then-current board
       upon the closing of Brightpoint's acquisition of Dangaard
       Telecom, and the reclassification of the directors then
       comprising the board (within the board's three classes), all
       effective upon the closing of the acquisition;

    4) the amendment of Brightpoint's 2004 Long-Term Incentive Plan to
       remove the limitation on the number of plan shares that can be
       used for non-option based awards and broaden its ability to
       qualify awards under the plan as performance-based compensation
       and thereby obtain exemptions from certain tax deduction
       limitations; and

    5) the ratification of the appointment of Ernst & Young LLP as
       Brightpoint's independent registered public accounting firm for
       the fiscal year ending December 31, 2007.


The Company anticipates that it will complete its acquisition of Dangaard Telecom and the transactions associated therewith there·with  
adv.
1. With that, this, or it.

2. In addition to that.

3. Archaic Immediately thereafter.

Adv. 1.
 on or about July July: see month.  31, 2007.

About Brightpoint

Brightpoint, Inc. (NASDAQ:CELL) is a global leader in the distribution of wireless devices and in providing customized logistic lo·gis·tic   also lo·gis·ti·cal
adj.
1. Of or relating to symbolic logic.

2. Of or relating to logistics.



[Medieval Latin logisticus, of calculation
 services to the wireless industry. In 2006, Brightpoint handled 53.5 million wireless devices globally. Brightpoint's innovative services include distribution, channel development, fulfillment ful·fill also ful·fil  
tr.v. ful·filled, ful·fill·ing, ful·fills also ful·fils
1. To bring into actuality; effect: fulfilled their promises.

2.
, product customization, eBusiness solutions, and other outsourced services that integrate seamlessly with its customers. Brightpoint's effective and efficient platform allows its customers to benefit from quickly deployed, flexible, and cost effective solutions. The company has approximately 2,100 employees in 15 countries. Revenue in 2006 was $2.4 billion and net income was $35.6 million. Additional information about Brightpoint can be found on its website at www.brightpoint.com, or by calling its toll-free Information and Investor Relations Investor relations

The process by which the corporation communicates with its investors.
 line at 877-IIR-CELL (877-447-2355).
COPYRIGHT 2007 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2007, Gale Group. All rights reserved.

 Reader Opinion

Title:

Comment:



 

Article Details
Printer friendly Cite/link Email Feedback
Publication:Business Wire
Date:Jul 30, 2007
Words:563
Previous Article:Nexant Assesses LNG Technology Trends.
Next Article:Dean A. Yoost Joins UnionBanCal Board of Directors.
Topics:



Related Articles
Cleveland-Cliffs Announces Proxy Voting Results Following Annual Meeting of Shareholders Held Today.
Lithium Technology Corporation's Chief Executive Officer Issues Letter to Stockholders.
Max Capital Group Ltd. Announces $0.09 Dividend, Board Approval of Increase in Share Repurchase Plan up to $100 Million.
TRFA plans 2007 Annual Meeting.
Calendar.
Problems for shippers of plastics?
Calendar.
Verbatim.
Oriental Land Report to Shareholders, 'Innovate OLC 2010,' Our New Medium-Term Plan.
Andrew Corporation Reports Third Quarter Fiscal 2007 Results.

Terms of use | Copyright © 2012 Farlex, Inc. | Feedback | For webmasters | Submit articles