Pulse Electronics Corporation (NYSE: PULS), a leading provider of electronic components, today announced that a preliminary vote count provided by the Company’s proxy solicitor indicates that shareholders have elected all of the candidates nominated by the Company to Pulse’s Board of Directors at its Annual Meeting of Shareholders held earlier today, including incumbent members Howard C. Deck, Ralph E. Faison and C. Mark Melliar-Smith, and new members Justin C. Choi, Steven G. Crane and Lawrence P. Reinhold. According to the preliminary vote count, approximately 87% of shares voted at the meeting were in favor of all of Pulse’s nominees. Shareholders also voted in favor of all other Company proposals that were submitted for approval at the meeting.
Ralph Faison, Pulse Chairman and Chief Executive Officer, said, “We greatly appreciate our shareholders’ overwhelming support and the confidence they have placed in us. Our board and management team are committed to acting in shareholders’ best interests, and we look forward to continuing to work diligently and urgently to execute our strategic plan to enhance shareholder value at Pulse.”
Mr. Faison added, “I would also like to thank our talented employees for their continued dedication to Pulse. It is their hard work that will fuel our success and ensure the bright future ahead of us.”
Final results of the voting at the annual meeting will be announced in several weeks once they are certified by IVS Associates, Inc., the judge of election.Safe Harbor This press release contains statements that are “forward-looking” within the meaning of the Private Securities Litigation Reform Act of 1995 and involve a number of risks and uncertainties. These forward-looking statements are based on the Company’s current information and expectations. There can be no assurance the forward-looking statements will be achieved. Actual results may differ materially due to the risk factors listed from time to time in the Company’s SEC reports including, but not limited to, those discussed in the Company’s Form 10-K for the year ended December 31, 2010 in Item 1a under the caption “Factors That May Affect Our Future Results (Cautionary Statements for Purposes of the “Safe Harbor” Provisions of the Private Securities Litigation Reform Act of 1995).” All such risk factors are incorporated herein by reference as though set forth in full. The Company undertakes no obligation to update any forward looking statement.
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