This Day On The Street
Continue to site
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

Pro-Dex, Inc. And AO Partners Group Jointly Announce Voting Results

IRVINE, Calif., Jan. 22, 2013 /PRNewswire/ -- PRO-DEX, INC. (Nasdaq: PDEX) and AO Partners Group jointly announced today the results of voting from the Company's Annual Meeting of Shareholders held on January 17, 2013.


In June 2012, AO Partners Group, whose members own approximately 22% of the Company's outstanding common stock, nominated a slate of three director nominees to run in opposition to the Company's slate of five director nominees, four of whom were incumbent members of the Company's Board.  At its January 17, 2013 Annual Meeting, shareholders of the Company elected AO's three director nominees, Nicholas J. Swenson, Raymond E. Cabillot and William J. Farrell III, along with two of the Company's nominees, incumbent Chairman William L. Healey and David C. Hovda, to fill the five seats on the Company's new Board of Directors.  Mr. Healey will be the only member of the current Board to continue onto the new Board.          

Michael J. Berthelot, the Company's President and Chief Executive Officer, commented, "We are pleased to have this behind us and we look forward to working with our new board.  Every member of our management team and each of our associates remain committed to designing, developing and manufacturing the best possible products for our customers and in doing so creating value for all of our stakeholders.  We thank our departing board members for their service to our Company and wish them well in the future."

Nick Swenson, member of the AO Partners Group and a newly elected director said, "We thank the shareholders for their support and we look forward to working with our management team as Pro-Dex enters a new chapter in its life."      

About Pro-Dex, Inc.:

Pro-Dex, Inc., with operations in California and Oregon, specializes in the design, development and manufacture of powered rotary drive surgical and dental instruments used primarily in the orthopedic, spine, maxocranial facial and dental markets.  Its OMS division designs and manufactures embedded motion control systems serving the medical, dental, semi-conductor and scientific research markets. Pro-Dex's products are found in hospitals, dental offices, medical engineering labs, scientific research facilities and high tech manufacturing operations around the world. For more information, visit the Company's website at

Statements herein concerning the Company's plans, growth and strategies may include 'forward-looking statements' within the context of the federal securities laws. Statements regarding the Company's future events, developments and future performance, as well as management's expectations, beliefs, plans, estimates or projections relating to the future, are forward-looking statements within the meaning of these laws. The Company's actual results may differ materially from those suggested as a result of various factors. Interested parties should refer to the disclosure concerning the operational and business concerns of the Company set forth in the Company's filings with the Securities and Exchange Commission.

1 of 2

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
Only $9.95
14-Days Free
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
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free


Chart of I:DJI
DOW 17,812.19 +19.51 0.11%
S&P 500 2,089.14 +2.55 0.12%
NASDAQ 5,102.8080 +0.33 0.01%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs