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Stock Market & Financial Investment News

News Breaks
November 27, 2012
15:19 EDTOTIVOn Track holder Ivy proposed the removal of three existing directors
On November 20, counsel for Mr. Ivy submitted to the Board of Directors of On Track Innovations a Notice of Meeting, Proxy Statement and Proxy Card for an Extraordinary General Meeting of the Shareholders to be held on December 27. The November Proxy Materials proposed to remove three existing directors and to elect eight (8) new directors nominated by Mr. Ivy. These proposals were virtually the same as the proposals submitted to On Track on October 19. Counsel requested that the Issuer file and mail the documents to the Issuer’s shareholders. In response, On Track's legal counsel indicated that, if Mr. Ivy would withdraw his request, the Board would agree to call the requested shareholder meeting to consider removal of the three existing directors and the election of Mr. Ivy’s nominees. Counsel for On Track and counsel for Mr. Ivy exchanged drafts of the form of proxy materials for a shareholder meeting to be scheduled for late December. On Nov. 21st, Mr. David P. Stone and Mr. Mark Green resigned from the Issuer’s board of directors.
News For OTIV From The Last 14 Days
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November 21, 2014
09:17 EDTOTIVOn The Fly: Pre-market Movers
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06:24 EDTOTIVOn Track Innovations 6.25M share Spot Secondary priced at $1.60
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November 20, 2014
18:21 EDTOTIVOn The Fly: After Hours Movers
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16:16 EDTOTIVOn Track Innovations files to sell common stock, no amount given
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