RMG Networks Blog

Stockholders Approve Issuance of Common Stock Upon Conversion of Preferred Shares

DALLAS, TX — (Marketwired) — 05/14/15 — RMG Networks Holding Corporation (NASDAQ: RMGN), or RMG Networks™, a leading provider of technology-driven visual communications solutions, today announced that at the special meeting of stockholders that was held on May 13, 2015, stockholders approved, for purposes of NASDAQ Listing Rule 5635, the issuance by the Company of 24,999,999 shares of the Company’s common stock upon the conversion of 249,999.99 shares of the Company’s Series A convertible preferred stock.

Results of the vote included 6,142,986 shares voted for and 34,587 voted against the proposal with 31,074 shares abstaining.

RMG Networks and its logo are trademarks and/or service marks of RMG Networks Holding Corporation.

Pin It on Pinterest

Share This
Request Free Demo Contact Us