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Published on: 10/1/2009
Last Visited: 10/11/2009
"This represents an important, but natural, step in our company's evolution," said Michael Mathews, interCLICK's Chief Executive Officer.
"We look forward to completing the shareholder consent and NASDAQ application process in the coming weeks."
Approval of the measure requires a majority of the issued and outstanding shares voting in favor of such proposal.
interCLICK anticipates that it will obtain the consents from 12 holders, owning 52% of interCLICK's common stock and will not solicit any proxies in connection with obtaining approval.
Stockholders representing approximately 27% of interCLICK's common stock, including Co-Chairman Michael Brauser, Co-Chairman Barry Honig, CEO Michael Mathews, and President Michael Katz, have agreed to execute the consents.