Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of SHFL entertainment, Inc. (“SHFL” or the “Company”) (NasdaqGS: SHFL) for potential breaches of fiduciary duties in connection with their conduct in seeking shareholders’ approval for the Company’s 2012 Stock Incentive Plan.
Specifically, in the Proxy Statement filed by the Company with the Securities and Exchange Commission on February 1, 2013, the Board of Directors recommends that SHFL’s shareholders vote to approve the Company’s 2012 Stock Incentive Plan to issue 6,700,000 new shares. The proxy also recommends that shareholders vote to approve an advisory vote on executive compensation. The issuance of the additional shares could have a substantial dilutive effect on the shares of SHFL common stock.
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