Business News
EFI Reports Results of 2009 Annual Shareholder Meeting
Thursday 25. June 2009 - Electronics For Imaging, Inc. (Nasdaq:EFII), the world leader in customer-focused digital printing innovation, today reported that at the Company's annual meeting of stockholders held on Friday, June 19th at its headquarters in Foster City, California, stockholders voted to re-elect all of EFI's nominees to the Board of Directors.
In addition, stockholders approved the Company’s Amended and Restated Employee Stock Purchase Program, the 2009 Equity Incentive Award Plan, a one-time fair value option exchange program for employees other than named executive officers and the ratification of the appointment of PricewaterhouseCoopers LLP as the Company’s independent registered public accounting firm.
Guy Gecht CEO of EFI said, “We are pleased with this result and thank our shareholders for their support. Our entire company continues to focus on executing on our strategy and increasing EFI shareholders’ value through product innovation, market share gain and cost control.”
Approximately 97% of outstanding shares entitled to vote were represented at the meeting.
The voting results of the shares cast at the meeting on the election of Directors are as follows:
Director
Votes For
% For
Guy Gecht 46,917,441 98%
Fred Rosenzweig 46,224,052 97%
Gil Cogan 41,757,077 87%
Thomas Georgens 46,984,654 98%
James Greene 46,934,351 98%
Richard Kashnow 46,985,526 98%
Dan Maydan 41,833,590 88%
The voting results on the proposals were: 99% in favor of the Company’s Amended and Restated 2000 Employee Stock Purchase Program, 61% in favor of the 2009 Equity Incentive Award Plan, 57% in favor of a one-time fair value, stock option exchange program, and 99% in favor of the ratification of appointment of the PricewaterhouseCoopers LLP for the fiscal year ending December 31, 2009.
The complete results of the voting will be included in the next quarterly report on Form 10-Q to be filed by the Company with the Securities and Exchange Commission.
Safe Harbor for Forward Looking Statements
Certain statements in this press release are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. Statements other than statements of historical fact including words such as “anticipate”, “believe”, “estimate”, “expect”, “consider” and “plan” and statements in the future tense are forward looking statements. The statements in this press release that could be deemed forward-looking statements include statements regarding our focus on executing our strategy and increasing EFI stockholders’ value, and any statements or assumptions underlying any of the foregoing.
Forward-looking statements are subject to certain risks and uncertainties that could cause our actual future results to differ materially, or cause a material adverse impact on our results, which include, but are not necessarily limited to current world-wide financial, economic and political difficulties and downturns, including the ongoing contraction in credit, and adverse variations in foreign exchange rates, that could affect demand for our products, as well as the risk of bank failures, insolvency or illiquidity of other financial institutions and other adverse conditions in financial markets that could cause a loss of our cash deposits and invested cash and cash equivalents; and any other risk factors that may be included from time to time in the Company’s SEC reports.