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Stock Market & Financial Investment News

News Breaks
March 2, 2012
11:12 EDTWGANorman H. Pessin reports 5.0% stake in Wells-Gardner Electronics Corp
News For WGA From The Last 14 Days
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October 24, 2014
14:32 EDTWGAWells-Gardner Electronics granted shareholder approval to change name
Wells-Gardner Electronics announced that the proposal to change the name of the company to AG&E Holdings was passed at the Special Shareholders Meeting on Friday, October 24. Effective immediately, the company will be known as AG&E Holdings and its common stock will continue to trade on the NYSE MKT Exchange under the ticker symbol WGA. The Board of Directors and management of AG&E Holdings are continuing to review strategic options with its financial advisor, Innovation Capital, with the goal of maximizing shareholder value. In addition to the company continuing on as an independent public company, a number of options are being explored, including the acquisition of a business to expand the company's parts distribution business to the gaming industry; the potentiality of being acquired by another public or private company; the potentiality of being taken private by a private equity partner; or other potential transactions that could measurably enhance shareholder value. While there can be no assurance that a transaction of any sort may occur, management and the company's Board of Directors are dedicated to seriously considering any realistic transaction that the strategic review may reveal that will accrue to the benefit of the company's loyal shareholders. Effective October 1, annual compensation for CEO Anthony Spier and the members of the company's Board of Directors has been reduced by 50% for the foreseeable future.

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