Local Corporation Announces 2014 Annual Meeting Results
August 05 2014 - 04:15PM
Business Wire
Local Corporation (NASDAQ: LOCM), a leading local advertising
technology company, today announced the results of its 2014 Annual
Meeting of Stockholders. The meeting was held earlier today in
Irvine, Calif.
At the meeting, Local Corporation stockholders elected Norman K.
Farra, Jr. as a Class I member of the company’s Board of Directors
for a 3-year term expiring in 2017. The stockholders also ratified
the appointment of BDO USA, LLP to serve as the company's
independent registered public accounting firm for the fiscal year
ending Dec. 31, 2014. Additionally, the company’s stockholders
approved the advisory vote on executive compensation.
The company also announced the composition of its board
committees going forward. John Rehfeld, David Hughes and John Payne
will serve on the board’s audit committee. Rehfeld and Payne will
serve on the board’s compensation committee, and Rehfeld and Hughes
will serve on the board’s nominating and corporate governance
committee. Rehfeld will serve as chairman of each of these
committees.
About Local Corporation
Local Corporation (NASDAQ:LOCM) is a leading local advertising
technology company that connects millions of online and mobile
consumers with businesses and products through a variety of
innovative digital advertising solutions. The company’s patented
Krillion® local shopping platform aggregates, localizes and
distributes dynamic, national and regional retail shopping content,
from approximately 120,000 store locations, representing nearly 3
million localized products. For more information, visit:
http://www.localcorporation.com or http://www.krillion.com. To
download the company’s iOS® 7-compatible Havvit™ shopping app, go
to: iTunes® (http://bit.ly/1d8Y111).
Forward Looking Statements
This press release contains certain forward-looking statements
that are based upon current expectations and involve certain risks
and uncertainties within the meaning of the U.S. Private Securities
Litigation Reform Act of 1995. Words or expressions such as
"anticipate," "plan," "will," "intend," "believe" or "expect'" or
variations of such words and similar expressions are intended to
identify such forward-looking statements. These forward-looking
statements are not guarantees of future performance and are subject
to risks, uncertainties, and other factors, some of which are
beyond our control and difficult to predict and could cause actual
results to differ materially from those expressed or forecasted in
the forward-looking statements. Key risks are described in the
filings we make with the U.S. Securities and Exchange Commission.
The forward-looking statements in this release speak only as of the
date they are made. We undertake no obligation to revise or update
publicly any forward-looking statement for any reason. Unless
otherwise stated, all site traffic and usage statistics are from
third-party service providers engaged by the company. Traffic and
our monetization of that traffic combine to determine our revenues
for any given period. Our traffic volume alone for a period should
not be viewed as demonstrative of our financial results for such
period.
IOS is a trademark or registered trademark of Cisco in the U.S.
and other countries and is used under license.
Investor Relations Contact:Kirsten
ChapmanLHA415-433-3777local@lhai.comorMedia Relations
Contact:Cameron TriebwasserLocal
Corporation949-789-5223ctriebwasser@local.com
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