News Breaks |
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| November 20, 2012 |
| 14:01 EDT |  | ATRM | Aetrium: ISS recommends against Eberwein's efforts to gain control of company
Aetrium announced that Institutional Shareholder Services recommends Aetrium shareholders reject the attempt of a group of shareholder activists spearheaded by Jeffrey Eberwein to take control of the company. Both ISS and Glass Lewis recommend that shareholders reject the Eberwein group's attempt to replace the current Board of Directors of Aetrium. While the company is disappointed that ISS recommended replacing two current directors with two dissident nominees, it is not surprised. Aetrium has made several offers to settle this unnecessary proxy contest that would result in a greater number of dissident directors on the Board than even ISS recommends and would have avoided extensive costs to shareholders. |
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