Stratos International Recognized for Improved Corporate Governance
May 11 2005 - 5:48PM
PR Newswire (US)
Stratos International Recognized for Improved Corporate Governance
CHICAGO, May 11 /PRNewswire-FirstCall/ -- Stratos International,
Inc. (NASDAQ:STLW) announced the results of the Institutional
Shareholder Service's Corporate Governance Quotient ("CGQ").
Stratos' CGQ as of May 1, 2005 is better than 78% of Russell 3000
companies and 84% of Technology Hardware & Equipment companies.
This CGQ rating reflects a substantial recent improvement due to
numerous actions taken by the board of directors and management to
improve Stratos' corporate governance practices. Earlier this year,
the board of directors received the support of Stratos'
stockholders to reduce the percentage of stockholders required to
amend the company's charter and bylaws from 80% to a simple
majority. In addition, shareholders approved four other amendments
to the company's Restated Certificate of Incorporation designed to
improve shareholder rights, including the elimination of a
staggered board. "The recognition of a significant improvement in
this score for Stratos is a reflection of the hard work on our part
to be more open and transparent in our relationship with our
investors," said Andy Harris, President and Chief Executive
Officer. ABOUT STRATOS INTERNATIONAL Stratos International, Inc. is
a leading designer, developer and manufacturer of active and
passive optical, optoelectronic, RF and Microwave components,
subsystems and interconnect products used in telecom, enterprise,
military and video markets. Stratos has a rich history of optical
and mechanical packaging expertise and has been a pioneer in
developing several optical devices using innovative form factors
for telecom, datacom and harsh environment applications. This
expertise, coupled with several strategic acquisitions, has allowed
the Company to amass a broad range of products and build a strong
IP portfolio of more than 100 patents. The Company is a market
leader in several niches including specialty optical products such
as RJ and low rider transceivers, Media Interface Adapters, flex
circuits, as well as high performance RF and microwave coax and
triax interconnect products. The Company currently serves more than
400 active customers in telecom, military and video markets. For
additional information, contact Jim Tournier, Director of Finance
& Investor Relations at (708) 457-2645, or email at . Website:
http://www.stratoslightwave.com/ . DATASOURCE: Stratos
International, Inc. CONTACT: Jim Tournier, Director of Finance
& Investor Relations of Stratos International, Inc.,
+1-708-457-2645, Web site: http://www.stratoslightwave.com/
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