This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Cramer's Action Alerts PLUS - See his portfolio and get alerts BEFORE every trade. Learn more NOW!

57th Street General Acquisition Corp. Announces Results Of 2011 Annual Meeting Of Stockholders

Crumbs Bake Shop, Inc. (formerly “57th Street General Acquisition Corp.”) (the “Company”) (NASDAQ: CRMB), owner of Crumbs Holdings LLC (“Crumbs”), a national neighborhood bakery and the largest U.S.-based retailer of cupcakes, held its 2011 annual meeting of stockholders on October 25, 2011 at the offices of Provident State Bank, located at 312 Main Street in Preston, Maryland. At yesterday’s meeting, the following items were approved:

  • Shareholders elected four directors to the Board of Directors: Mark D. Klein, Frederick G. Kraegel, Leonard A. Potter and Andrew J. Moger. Each will serve a one-year term.
  • Shareholders approved an amended and restated certificate of incorporation, pursuant to which the Company changed its name to “Crumbs Bake Shop, Inc.” from “57th Street General Acquisition Corp.”
  • Shareholders approved an amendment to the certificate of designation of the Series A Voting Preferred Stock to, among other things, specifically eliminate the ability of the holders of the Series A Preferred Stock, as a class, to elect a majority of the Board of Directors if such right exceeds the Series A Holders’ aggregate commensurate ownership of the Company.
  • Shareholders approved the Company’s Equity Incentive Plan.
  • Finally, shareholders ratified the appointment of Rothstein Kass & Company, P.C. as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2011.

In addition, prior to the stockholder meeting holders of the Company’s Series A Voting Preferred Stock reelected four Series A directors to the Board of Directors: Messrs. Edwin H. Lewis, Jason Bauer, Julian R. Geiger and Jeffrey D. Roseman. Each will serve a one-year term.

Shares of the Company’s common stock will continue to trade on the Nasdaq Stock Market under the symbol “CRMB.” The name change will be effected on the Nasdaq system prior to the open of business on Monday, October 31, 2011.

1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 18,135.72 +38.82 0.21%
S&P 500 2,101.04 +2.51 0.12%
NASDAQ 4,982.8090 +15.6680 0.32%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs