Vertro, Inc. (NASDAQ: VTRO), announced the results of its annual meeting of stockholders held on June 11, 2009. All six directors standing for election at the meeting were elected and a resolution for a reverse stock split was also passed. Through this resolution the Board of Directors may, in its sole and absolute discretion without further action of the stockholders, implement a reverse split of the company’s common stock at a ratio of 1-for-10 at any time prior to December 31, 2009. In the event the Board of Directors implements the reverse stock split, the Company will make a public announcement to stockholders prior to the record date.
Vertro, Inc. is the new name for MIVA, Inc. The Company’s stock formerly traded on the Nasdaq under the ticker symbol MIVA.
Tags: meeting, MIVA, stockholders, Vertro
No Comment Received
Leave A Reply