Monday, November 12, 2012, 7:28 PM
On Track Innovations (OTIV) shareholders reject the election of the company's proposed board of director nominees at its shareholder's meeting. Institutional proxy advisory ISS had recently recommended that OTIV shareholders reject all three director nominees being brought for election to the Board, calling them merely a "rubber stamp" for the company's CEO. OTIV has struggled over the past few years with a history of poor financial and stock performance. Shares +1.5% AH.
Comment![Global & FX]
Edward Schwartz OTIV News http://yhoo.it/QQYdti;_ylt=AjEdaN30G33p8CLui.UVqUOiuYdG;_ylu=X3oDMTIxdmYzYjNrBG1pdANXaWRlIFF1b3RlcyBNb2R1bGUEcG9zAzMzBHNlYwNNZWRpYVJlY2VudFF1b3Rlc1BvcnRmb2xpb3NXaWRl;_ylg=X3oDMTFpNzk0NjhtBGludGwDdXMEbGFuZwNlbi11cwRwc3RhaWQDBHBzdGNhdANob21lBHB0A3NlY3Rpb25z;_ylv=3