Scopus Announces Special Meeting of Shareholders
May 09 2008 - 7:00AM
PR Newswire (US)
Additional Details Will Be Announced Shortly TEL AVIV, Israel, May
9 /PRNewswire-FirstCall/ -- Scopus Video Networks Ltd.
(NASDAQ:SCOP), a provider of digital video networking products,
today announced that a Special Meeting of Shareholders will be held
on Monday, June 16, 2008 at 4:00 p.m., Israel time, at the offices
of the Company, 10 Ha'amal Street, Park-Afek, Rosh-Ha'ayin 48092,
Israel. The record date for the meeting is May 9, 2008. As required
by Israeli law, the meeting is convened at the request of Optibase
Ltd. ("Optibase"), a 37% shareholder of the Company. The Company
will mail to its shareholders of record a notice and proxy
statement describing the matters to be voted upon at the meeting,
along with a proxy card enabling them to indicate their vote on
each matter. The Company will also furnish the proxy statement to
the Securities and Exchange Commission (SEC) on Form 6-K. The
agenda of the meeting is as follows: 1. To consider and act on the
Board's proposal to amend the Company's Articles of Association in
a manner that will declassify the Company's Board of Directors,
effective as of the next annual meeting ("Proposal 1"); 2. To
consider and act on Optibase's proposal to amend the Company's
Articles of Association in a manner that will declassify the
Company's Board of Directors ("Proposal 2"); and 3. Subject to
approval of Proposal 2, to consider and act on Optibase's proposal
to elect five nominees proposed by Optibase to the Company's Board
of Directors ("Proposal 3"). The affirmative vote of at least
seventy five percent (75%) of the votes of shareholders present and
voting at the meeting in person or by proxy, excluding abstentions,
is required to constitute approval of Proposals 1 and 2. The
affirmative vote of at least a majority of the votes of the
shareholders present and voting at the meeting in person or by
proxy, excluding abstentions, is required to constitute approval of
Proposal 3. However, if Proposal 2 is not approved by the requisite
vote, Proposal 3 will become invalid. The Board of Directors
unanimously recommends that you vote: - "FOR" Proposal 1 -
"AGAINST" Proposal 2 - "AGAINST" Proposal 3 Additional details of
the meeting, including the reasons for the Board's recommendations,
will be announced shortly. About Scopus Video Networks Scopus Video
Networks (NASDAQ:SCOP) develops, markets and supports digital video
networking solutions that enable network operators to offer
advanced video services to their subscribers. Scopus' solutions
support digital television, HDTV, live event coverage and content
distribution. Scopus' comprehensive digital video networking
solution offerintelligent video gateways, encoders, decoders and
network management products. Scopus' solutions are designed to
allow network operators to increase service revenues, improve
customer retention and minimize capital and operating expenses.
Scopus' customers include satellite, cable and terrestrial
operators, broadcasters and telecom service providers. Scopus'
products are used by hundreds of network operators worldwide. For
more information visit: http://www.scopus.net/ Company Contact:
Investor Relations Contact Moshe Eisenberg Ehud Helft / Kenny Green
Chief Financial Officer GK Investor Relations Tel: +972-3-900-7100
Tel: (US) +1-646-201-9246 DATASOURCE: Scopus Network Technologies
Ltd CONTACT: Company Contact: Moshe Eisenberg, Chief Financial
Officer, Tel: +972-3-900-7100, ; Investor Relations Contact: Ehud
Helft / Kenny Green, GK Investor Relations, Tel: (US)
+1-646-201-9246,
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