Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of Digi International Inc. (“Digi” or the “Company”) (NasdaqGS: DGII) for potential breaches of fiduciary duties in connection with their conduct in seeking shareholders’ approval for the Company’s Omnibus Incentive Plan.
Specifically, in the Proxy Statement filed by the Company with the Securities and Exchange Commission on December 5, 2012, the Board of Directors recommends that Digi’s shareholders vote to approve the Company’s 2013 Omnibus Incentive Plan, which authorizes the issuance of up to 1,750,000 shares of our Common Stock pursuant to awards granted under the Plan. The issuance of the additional shares could have a substantial dilutive effect on the shares of Digi common stock.
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