AFOP Announces Special Stockholder Meeting on August 20, 2010 to Consider Reverse Split
July 13 2010 - 7:00AM
Business Wire
Alliance Fiber Optic Products, Inc. (Nasdaq CM: AFOP), an
innovative supplier of fiber optic components, subsystems and
integrated modules for the optical network equipment market, today
announced that it will hold a special stockholder meeting to
consider and vote upon proposals to amend AFOP’s Amended and
Restated Certificate of Incorporation to effect, alternatively, as
determined by the Board of Directors in its discretion, a 1-for-5,
1-for-8 or 1-for-10 reverse split of the issued and outstanding
shares of Common Stock. The special meeting will be held on August
20, 2010. A proxy statement and proxy will be sent to stockholders
of record as of July 16, 2010. The proxy materials contain
important information about the proposals; stockholders are urged
to read the materials carefully before deciding how to vote.
In additional news, the Company also announced that subsequent
to June 30, 2010, UBS redeemed all of the Company’s remaining
Auction Rate Securities holdings at the original cash value. As
previously announced, the Company will report the details of its
Q2, 2010 financial results in a conference call at 1:30 p.m.
(Pacific) on July 22, 2010. To participate in AFOP’s conference
call, please call 877-407-9210 at least ten minutes prior to the
call in order for the operator to connect you. The confirmation
number for the call is 352601.
About AFOP
Founded in 1995, Alliance Fiber Optic Products, Inc. designs,
manufactures and markets a broad range of high performance fiber
optic components and integrated modules. AFOP's products are used
by leading and emerging communications equipment manufacturers to
deliver optical networking systems to the long-haul, enterprise,
metropolitan and last mile access segments of the communications
network. AFOP offers a broad product line of passive optical
components including connectivity systems, couplers and splitters,
thin film CWDM and DWDM components and modules, optical
attenuators, and micro-optics devices. AFOP is headquartered
in Sunnyvale, California, with manufacturing and product
development capabilities in the United States, Taiwan and China.
AFOP's website is located at http://www.afop.com.
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