Printer Friendly

Sensormatic shareholders approve two proposals at annual meeting.

BOCA RATON, Fla.--(BUSINESS WIRE)--Nov. 26, 1996--Sensormatic Electronics Corporation (NYSE:SRM) today announced that at its November 22, 1996, annual shareholders' meeting both proposals presented for voting were approved.

The first item for the election of two directors was voted on by 87% of the outstanding shares with 77% of those voting for the nominees, Ronald G. Assaf and Dr. Arthur G. Milnes. At a subsequent meeting of the Board of Directors, Mr. Assaf was re-elected Chairman.

The second proposal was an amendment to increase the total number of shares that may be issued under the Company's 1995 Stock Incentive Plan by 2,000,000 shares. This amendment was voted on by 86% with 66% of those voting in favor.

Sensormatic Electronics Corporation, the world leader in electronic security, and the Official Electronic Security Supplier for the 1996 Olympic Games in Atlanta, is a fully integrated supplier of electronic security systems to retail, commercial and industrial markets. Sensormatic is also a leader in the security industry in integrated source tagging -with more than 1,000 consumer goods manufacturers worldwide applying Sensormatic's anti-theft labels at the point of packaging or manufacturing.

The company's electronic article surveillance (EAS), closed-circuit television (CCTV) and exception monitoring systems are used by soft goods and hard goods retailers to deter shoplifting and internal theft.

Sensormatic's CCTV, access control and electronic asset protection (EAP) security systems are used by retail, commercial and industrial customers to protect assets, information and people. All of the company's products are marketed by an extensive worldwide sales and service organization, complemented by a broad distribution network.

For more information on Sensormatic, visit its World Wide Web site at http://www.sensormatic.com. -0-

NOTE TO EDITORS: In the World Wide Web address noted in this news release, there is a double slash between http: and www.sensormatic.com. These symbols may not appear properly in some systems.

CONTACT: Sensormatic Electronics

Investor Contact:

Alison Tanner

Director of Investor Relations

561/989-7556

or

Media Contact:

Debbie Coller

Director of Communications

561/989-7035
COPYRIGHT 1996 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1996, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

Article Details
Printer friendly Cite/link Email Feedback
Publication:Business Wire
Date:Nov 26, 1996
Words:339
Previous Article:UOL Publishing completes initial public offering of 1,430,000 shares of common stock.
Next Article:Mining Services declares special stock and cash dividends.
Topics:


Related Articles
SENSORMATIC PREVIEWS ANNUAL MEETING REMARKS.
Sensormatic names new director of investor relations.
Sensormatic shareholders approve two proposals at annual meeting.
Philips Batteries signs source tagging accord with Sensormatic.
Tesco to implement EAS tagging program using Sensormatic's acousto-magnetic UltraMax(r) system.
Sensormatic Settles Shareholder Suit.
Sensormatic Announces Placement of $150 Million of Convertible Preferred Stock.
APPLE, REEBOK PRESSURED : CALPERS UNHAPPY WITH MANAGEMENT.
AHMANSON POLL COUNTED CONSENTS TWICE, GW SAYS.

Terms of use | Copyright © 2017 Farlex, Inc. | Feedback | For webmasters