HTE Shareholders Deny Tyler Technologies Voting Rights; Only 11% of Eligible Shares Voted to Confer Rights.Business Editors LAKE MARY Lake Mary may refer to:
HTE HTE Hírközlési És Informatikai Tudományos Egyesület (Hungary) HTE High Temperature Electronics HTE HazMat Trucking Enforcer (software) HTE HighTech Engineering HTE High Tension Electrode HTE High Turnover of Employees , Inc. (Nasdaq:HTEI), a leading provider of enterprise-wide software solutions for public sector organizations and utilities worldwide, today announced that HTE shareholders have denied voting rights Voting rights The right to vote on matters that are put to a vote of security holders. For example the right to vote for directors. voting rights The type of voting and the amount of control held by the owners of a class of stock. to Tyler Technologies (NYSE NYSE See: New York Stock Exchange :TYL TYL Turun Yliopiston (Finnish) TYL Thank You Love ), a Dallas, Texas “Dallas” redirects here. For other uses, see Dallas (disambiguation). The City of Dallas (pronounced [ˈdæl.əs] or [ˈdæl. technology firm that acquired a 32% interest in HTE in 1999. Under Florida's control-share acquisition statute, Tyler could not vote its 5.6 million shares unless a majority of HTE's shareholders, other than Tyler, voted to restore voting rights to Tyler's shares through a one-time mandatory proposal. Of the 11,726,233 shares eligible to vote on the proposal, only 1,334,655 shares were voted in favor of conferring voting rights to Tyler. "The shareholders have voted overwhelmingly to deny voting rights to Tyler," said Bernard Markey, HTE's chairman of the board. "With the Tyler distraction finally resolved for our shareholders, employees and customers alike, we can move forward and focus our energies on strengthening the business and building value for all of HTE's shareholders." HTE Inc. HTE Inc. develops, markets, implements and supports fully integrated enterprise-wide software applications designed specifically for public-sector organizations and utilities. With more than 1,600 customers worldwide, HTE Inc. is an industry-leading software solutions provider. The company's customers include states, cities, counties, corrections, justice and public safety agencies, public and private utilities, school districts, transit authorities and other public sector agencies. Except for the historical information contained herein, the matters discussed in this news release are forward-looking statements that involve risks and uncertainties detailed in HTE's filings with the Securities and Exchange Commission, including risks summarized in HTE's Annual Report on Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. for its fiscal year ended December 31, 1999 (file No. 0-22657). For more information on HTE's products and services, call 407/304-3235 or toll free at (800) 727-8088, or visit HTE's Web site at www.hteinc.com. |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion