Stratasys Announces Extraordinary General Meeting of Shareholders
MINNEAPOLIS & REHOVOT, Israel--(BUSINESS WIRE)--
Stratasys Ltd. (NASDAQ:SSYS) today announced that it will hold an
Extraordinary General Meeting of Shareholders (the "Meeting") on
Tuesday, February 3, 2015, at 10:30 a.m. U.S. Central Time, at the
Stratasys NASH Building, 9600 West 76th Street, Eden Prairie, Minnesota.
The record date for shareholders entitled to vote at the Annual Meeting
is Friday, January 2, 2015.
The agenda for the Meeting is as follows:
1. To approve amendments (the "Amendments") to the Company's current
Amended and Restated Articles of Association, as amended (the "Articles
of Association"), that (i) reflect the expiration of the initial
two-year term following the Objet Ltd.-Stratasys, Inc. merger, including
the elimination of Class A Director and Class B Director classifications
for members of the Company's Board of Directors (the "Board"), (ii)
provide procedures for shareholder proposals and shareholder nominations
for directors at general meetings of the Company's shareholders, in
accordance with recently adopted regulations under the Israeli Companies
Law, 5759-1999 (the "Companies Law"), (iii) reduce the quorum
requirement for the Company's general shareholder meetings to two or
more shareholders holding twenty-five percent (25%) or more of the
voting rights in the Company, as permitted under the Companies Law, and
(iv) make conforming changes to the Articles of Association.
2. To elect each of Mr. S. Scott Crump, Mr. Elchanan Jaglom, Mr. Edward
J. Fierko, Mr. Ilan Levin, Mr. John J. McEleney, Mr. David Reis, and Mr.
Clifford H. Schwieter to serve as a director of the Company until the
2015 annual general meeting of shareholders.
3. To approve amendments to the compensation policy for the Company's
executive officers and directors, in accordance with the requirements of
the Companies Law.
Whether or not you attend the Meeting, your vote is important.
Accordingly, you are asked to participate and vote regardless of the
number of ordinary shares you own.
Approval of each of the Proposals above requires the affirmative vote of
the holders of a majority of the voting power represented at the Meeting
in person or by proxy and voting on the Proposal (excluding abstentions).
The approval of Proposal No. 3 is also subject to satisfaction of one of
the following, additional voting requirements:
the majority voted in favor of the proposal includes a majority of the
shares held by non-controlling shareholders who do not have a personal
interest in the approval of the proposal (other than a personal
interest not deriving from a relationship with a controlling
shareholder) that are voted at the meeting, excluding abstentions; or
the total number of shares held by non-controlling, disinterested
shareholders (as described in the previous bullet-point) voted against
the proposal does not exceed two percent (2%) of the aggregate voting
rights in the Company.
Any two or more shareholders holding, in the aggregate, at least a
majority of the voting rights in the Company constitutes a quorum for
purposes of the Meeting. In the absence of the requisite quorum of
shareholders at the Meeting, the Meeting will be adjourned to the same
day in the next week, at the same time and place, unless otherwise
determined at the Meeting in accordance with the Company's Amended and
Restated Articles of Association, as amended.
Additional Information and Where to Find It
In connection with the Meeting, Stratasys will send to its shareholders
of record a proxy statement describing in detail additional logistical
information related to the Meeting, the proposals to be voted on at the
Meeting, the procedure for voting in person or by proxy at the Meeting,
and the various other information related to the Meeting (including
further information related to the required vote for approval of each
proposal), along with a proxy card enabling them to indicate their vote
on each matter. The Company will also furnish copies of the proxy
statement and proxy card to the Securities and Exchange Commission (SEC)
in a report on Form 6-K, which may be obtained for free from the SEC's
website at www.sec.gov
or the Company's website at www.stratasys.com
or by directing such request to the Company's Vice President of Investor
This release is also available on the Stratasys website at www.Stratasys.com.
About Stratasys Ltd.
Stratasys Ltd. (Nasdaq: SSYS), headquartered in Minneapolis,
Minn. and Rehovot, Israel, is a leading global provider of 3D printing
and additive and additive manufacturing solutions. The company's
patented FDM®, PolyJet™ and WDM™ 3D Printing technologies
produce prototypes and manufactured goods directly from 3D CAD files or
other 3D content. Systems include 3D printers for idea development,
prototyping and direct digital manufacturing. Stratasys subsidiaries
include MakerBot and Solidscape, and the company operates a
digital-manufacturing service comprising RedEye, Harvest Technologies
and Solid Concepts. Stratasys has more than 2,800 employees, holds over
600 granted or pending additive manufacturing patents globally, and has
received more than 25 awards for its technology and leadership. Online
at: www.stratasys.com or http://blog.stratasys.com.
Shane Glenn, 952-294-3416
of Investor Relations
Source: Stratasys Ltd.
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