Costar Technologies, Inc. Announces Results of 2013 Annual Meeting
of Stockholders
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COPPELL, Texas, Oct. 8, 2013 /PRNewswire/ --?Costar Technologies,
Inc. (the "Company") (OTC Markets Group: CSTI), announced today the
results of the Company's 2013 Annual Meeting of Stockholders that
was held on October 7, 2013.? The
results have been certified by Computershare, Inc. the Company's
transfer agent. A representative of Computershare, Inc. attended
the meeting, and acted as the Inspector of Elections and
Stockholder Votes.
The certified results confirm that each of the Company's five
director nominees was elected to the Board by a substantial
margin.? The Company's five directors are Rory J. Cowan, Gregory
T. Hradsky, Jared L. Landaw,
James D. Pritchett, and Jeffery S. Wald.? The certified results also
confirm the ratification of the selection of Rothstein Kass &
Company, P.C. as the Company's independent registered public
accountants for the fiscal year ended December 31, 2013. ?Almost 1.3 million shares, or
approximately 86.35% of the Company's issued and outstanding
shares, were represented at the meeting.?
The certified results were as follows:
PROPOSAL 1:
?Election of Directors
|
|
For
|
Withheld
|
Non
Votes
|
Rory J.
Cowan
|
790,203
|
85,869
|
383,463
|
Gregory T.
Hradsky
|
868,327
|
7,745
|
383,463
|
Jared L.
Landaw
|
868,307
|
7,765
|
383,463
|
James D.
Pritchett
|
868,327
|
7,745
|
383,463
|
Jeffery S.
Wald
|
868,327
|
7,745
|
383,463
|
?
?
PROPOSAL
2:
|
To ratify the
selection of Rothstein Kass & Company, P.C. as the Company's
independent public accounting firm for the fiscal year ending
December 31, 2013.
|
|
|
|
|
|
|
For
|
Against
|
Abstain
|
Non
Votes
|
|
1,255,631
|
3,784
|
120
|
0
|
At the 2013 Annual Meeting of Stockholders, James D. Pritchett, the President and CEO of the
Company, gave a presentation to stockholders. A copy of the
presentation is available on our website at
www.costartechnologies.com.
About Costar Technologies, Inc.
Costar Technologies, Inc. develops, designs and distributes a
range of security solution products including surveillance cameras,
lenses, digital video recorders and high-speed domes. The Company
also develops, designs and distributes industrial vision products
to observe repetitive production and assembly lines, thereby
increasing efficiency by detecting faults in the production
process. Headquartered in Coppell,
Texas, the Company's shares currently trade on the OTC
Markets Group under the ticker symbol "CSTI".
Cautionary Statement Regarding Forward Looking
Statements
This document contains forward-looking statements that involve
risks and uncertainties, as well as assumptions, that if they never
materialize or prove incorrect, could cause the results of the
Company to differ materially from those expressed or implied by
such forward-looking statements. Forward-looking statements
generally are identified by the words "expects," "anticipates,"
"believes," "intends," "estimates," "should," "would," "strategy,"
"plan" and similar expressions. All statements other than
statements of historical fact are statements that could be deemed
forward-looking statements. The risks, uncertainties and
assumptions include developments in the marketplace for our
products, competition, related products and services and general
economic conditions, as well as other risks and uncertainties.
Accordingly, we cannot give assurance that any of the events
anticipated by the forward-looking statements will transpire or
occur, or if any of them do so, what impact they will have on the
results of operations or financial condition of the Company.
SOURCE Costar Technologies, Inc.