CyberCash Shareholders Approve Proxy Proposals At Annual Meeting.RESTON, Va.--(BUSINESS WIRE)--June 25, 1999-- CyberCash, 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 :CYCH), the world leader in e-commerce technologies and services for merchants, today announced the results of its Annual Meeting of Shareholders held on June 25, 1999. With a quorum A majority of an entire body; e.g., a quorum of a legislative assembly. A quorum is the minimum number of people who must be present to pass a law, make a judgment, or conduct business. of over 81 percent of votes eligible to be cast, shareholders re-elected Michael Rothschild as a director of the Company, and approved an amendment to the Company's 1995 Stock Option Plan, increasing the number of shares authorized Shares authorized The maximum number of shares of stock of a company allowed in the articles of incorporation, which may be changed only by a shareholder vote. See: Issued and outstanding. shares authorized See authorized capital stock. for issuance by 4 million shares. In addition, CYCH shareholders approved an amendment to the Company's Non-Employee Directors' 1995 Stock Option Plan, which will increase the number of shares authorized for issuance by 500,000 shares. Shareholders also ratified the appointment of Ernst & Young LLP LLP - Lower Layer Protocol as independent auditors Independent Auditor An external auditor with a certified public accounting designation that qualifies him or her to provide an auditor's report. Notes: These auditors aren't affiliated with the company being audited. of the Company for the fiscal year ending December 31, 1999. About CyberCash, Inc. CyberCash is the world leader in secure e-commerce technologies and services, enabling commerce across the entire market spectrum from electronic retailing environments to the Internet. CyberCash provides a complete line of software products and services allowing merchants, billers, financial institutions and consumers to conduct secure transactions and other e-commerce functions using the broadest array of popular payment forms. Credit, debit, purchase cards, cash, checks, smart cards Example of widely used contactless smart cards are Hong Kong's Octopus card, Paris' Calypso/Navigo card and Lisbon' LisboaViva card, which predate the ISO/IEC 14443 standard. The following tables list smart cards used for public transportation and other electronic purse applications. and alternative payment types (e.g., "frequent buyer" or loyalty programs) are all supported by CyberCash payment solutions. Leading brands of CyberCash include InstaBuy(TM), AgileWallet(TM), ICVERIFY(R), PCVERIFY(TM), CashRegister, NetVERIFY(TM), CyberCoin(R) and PayNow(TM). |
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