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). |
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