TEL AVIV, Israel, June 18, 2013 /PRNewswire/ --
RiT Technologies (NASDAQ: RITT) (the "Company"), today announced that at its Annual General Meeting of Shareholders held on June 17, 2013, all of the items on the meeting's agenda were approved by the Company's shareholders. These items were: (1) the reelection of three directors; (2) the reelection of an external director; (3) the reappointment of independent auditors; (4) approval of the terms of procurement of the liability insurance policy covering the Company's directors and officers; (5) approval of the increase of the Company's authorized share capital and approval of related amendments to the Company's Memorandum and Articles of Association; (6) approval of the grant of stock options to the CEO; (7) approval of the Representative Agreement with IntElorg Pte Ltd. ( Singapore); (8) approval of the terms and framework of compensation to an employee related to the Company's controlling shareholder; and (9) approval of the Company's compensation policy for directors and officers.
About RiT Technologies
RiT is a leading provider of intelligent infrastructure management (IIM) solutions and a developer of a new revolutionary indoor optical wireless technology solution. Our IIM products provide and enhance security and network utilization for data centers, communication rooms and work space environments. They help companies plan and provision, monitor and troubleshoot their communications networks, maximizing utilization, reliability and physical security while minimizing unplanned downtime. RiT's IIM solutions are deployed around the world, in a broad range of organizations, including: data centers, enterprises, corporations, government agencies, financial institutions, airport authorities, healthcare institutions, and education institutions. RiT's indoor optical wireless technology solution will help our clients streamline deployment, reduce infrastructure design, installation and maintenance complexity and enhance security in a cost effective way. RiT's shares are traded on the Nasdaq exchange under the symbol RITT.
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