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Invisa, Inc. Announces Results of Annual Meeting of Stockholders with Overwhelming Support for all Resolutions, Including Change of Name to Uniroyal Global Engineered Products, Inc.
Invisa, Inc. Announces Results of Annual Meeting of Stockholders with Overwhelming Support for all Resolutions, Including Change of Name to Uniroyal Global Engineered Products, Inc..
About this update from Uniroyal Global Engineered Products, Inc.
[{"type":"text","content":"\n \n Invisa, Inc. (OTCQB: INSA) (“Invisa” or the “Company”) today announced \n the results from its annual meeting of stockholders held on June 25, \n 2015. The Company is pleased to announce that all of the resolutions \n proposed in management’s Proxy Statement dated May 15, 2015 and placed \n before the Meeting were overwhelmingly approved by the shareholders. In \n particular, shareholder approval was obtained for:\n \n \n \n The nominees for Director listed in the Management Proxy Statement, \n including Mr. Howard R. Curd, Mr. Edmund C. King, and Mr. John E. \n Scates;\n \n \n The adoption of the 2015 Stock Option Plan, as described in the Proxy \n Statement;\n \n \n The special resolution to amend the Articles of Incorporation to \n change the name of the corporation from \"Invisa, Inc.\" to “Uniroyal \n Global Engineered Products, Inc.\", as described in the Proxy \n Statement; the Company expects the name change to become effective on \n July 15, 2015;\n \n \n Executive compensation of the Company's named executive officers, on \n an advisory basis;\n \n \n The selection of Frazier & Deeter to serve as the independent public \n accountants for the Company for the fiscal year ending January 3, \n 2016; and\n \n \n Holding future advisory votes on executive compensation of the \n Company's named executive officers every three years.\n \n \n \n About Invisa:\n \n \n Invisa (OTCQB: INSA) is a leading manufacturer of vinyl coated fabrics \n that are durable, stain resistant, cost-effective alternatives to \n leather, cloth and other synthetic fabric coverings. Invisa’s revenues \n in 2014 were derived 63% from the automotive industry and approximately \n 37% from the recreational, industrial, indoor and outdoor furnishings, \n hospitality and health care markets.\n \n \n Forward Looking Statements:\n \n \n Except for statements of historical fact, certain information \n contained in this press release constitutes forward-looking statements, \n including, without limitation, statements containing the words “believe,” \n “expect,” “anticipate,” “intend,” “expect,” “should,” “planned,” \n “estimated” and “potential” and words of similar import, as well \n as all referenc...