Business
Arosa Investment Management Urges Shareholders to Reject Datatrak’s Shameless Entrenchment Actions by Voting Again for Arosa’s Director Nominees
Arosa Investment Management Urges Shareholders to Reject Datatrak’s Shameless Entrenchment Actions by Voting Again for Arosa’s Director Nominees.
About this update from Datatrak International, Inc.
[{"type":"text","content":"\n \n Arosa Investment Management LLC, the beneficial owner of approximately \n 9.9% of the shares of Datatrak International, Inc. (OTC: DTRK) that \n launched a proxy contest and obtained the most votes for Datatrak’s 2015 \n Annual Meeting, urges Datatrak shareholders to reject Datatrak’s \n shameless entrenchment actions by voting again for Arosa’s highly \n qualified director nominees.\n \n \n Datatrak abruptly postponed its Annual Meeting only one day before the \n scheduled meeting date of November 11, 2015 to avoid having to honor the \n shareholder vote in favor of Arosa’s director nominees. Arosa has filed \n litigation against Datatrak and its directors to enforce the results of \n that vote.\n \n \n The Datatrak board took the further step of appointing a new and \n additional director to the board, without a shareholder vote, on the \n very day the Annual Meeting should have been held. Even worse, although \n Datatrak advertises Andrew T. Pitler as a “new independent director,” \n Pitler apparently has no prior public company board experience and is a \n long time close friend and confidant of Chairman/CEO Larry Birch. Pitler \n will replace another of Birch’s cronies—a convicted felon—on the \n Datatrak board. Arosa’s litigation against Datatrak and its directors \n seeks to have this shameless appointment rescinded.\n \n \n Datatrak is now trying to call and hold a purported Annual Meeting on \n December 30, 2015, with little advance notice to shareholders in an \n apparent attempt to steal the election. Datatrak is mailing its \n proxy statement and proxy card to shareholders today.\n \n \n Arosa urges shareholders to discard Datatrak’s \n proxy card and wait to vote for Arosa’s director nominees on the proxy \n card that will be mailed by Arosa in the next few days. Shareholders \n should not vote “withhold” on management’s proxy card but should simply \n discard it.\n \n \n Shareholders should not be misled by Datatrak’s phony lawsuit against \n Arosa. Instead, we encourage shareholders to review Datatrak’s lawsuit \n and our answer and counterclaims, which can be found on the Cuyahoga \n County Clerk of Courts website and which we will make available to \n shareholders. Datatrak’s lawsuit seeks to blame A...