Navigation Links
SCM Microsystems Announces Results of Annual Meeting
Date:10/30/2009

SANTA ANA, Calif. and ISMANING, Germany, Oct. 30 /PRNewswire-FirstCall/ -- SCM Microsystems, Inc. (Nasdaq: SCMM) (Prime Standard: SMY), a leading provider of solutions for secure access, secure identity and secure exchange, announced today that its stockholders have approved an increase of the amount of common shares authorized during yesterday's annual meeting of stockholders.

At its annual meeting held on October 29, 2009, 61 percent of SCM's stockholders cast their votes and a majority followed the proposals of the Board of Directors to vote for all proposals. In addition to the election of directors, proposals included a 20 million share increase to the number of common shares authorized under the Company's Certificate of Incorporation, as well as a two million share increase in the number of shares reserved for issuance under the Company's 2007 Stock Option Plan.

Securing approval for these share increases enables SCM to continue to pursue mergers and acquisitions, which are an important component of the Company's growth strategy. SCM is focused on taking an active role in shaping the Identity Management and contactless markets through investments, consolidation with other providers and active promotion of the development of solutions that will enable these markets to grow.

"We are pleased that our stockholders have demonstrated their support for our growth strategy. The increase in our capital stock gives us more options in negotiating additional acquisitions and other transactions with attractive companies in our markets. With the increase of shares reserved for the 1997 Stock Option Plan, we can reward committee employees as well as recruit additional industry specialists for SCM," said Felix Marx, chief executive officer of SCM Microsystems. "We are grateful for the continued support of our stockholders and will continue to work to increase shareholder value."

About SCM Microsystems, Inc.

SCM Microsystems (NASDAQ: SCMM; Prime Standard: SMY) is a global leader in security and identity solutions for secure access, secure identity and secure exchange. Together with its Hirsch Electronics subsidiary, SCM provides complete, integrated solutions that secure digital assets, electronic transactions and facilities. The company offers the world's broadest range of contact, contactless and mobile smart card reader technology; physical and logical access control systems; digital identity transaction platforms; biometrics; and digital video. SCM's solutions enable a wide variety of applications including enterprise security, identity management, contactless payment, e-health and electronic government services. For additional information, visit www.scmmicro.com and www.HirschElectronics.com.

SOURCE SCM Microsystems, Inc.


'/>"/>
SOURCE SCM Microsystems, Inc.
Copyright©2009 PR Newswire.
All rights reserved

Related biology news :

1. Sun Microsystems and Aware, Inc. Announce Integration of Awares BioSP with Sun Identity Management Solutions
2. Fidelica Microsystems Announces Biometrically-Authenticated Smart Card
3. Columbia University Medical Center announces 2009 Katz Prizes in Cardiovascular Research
4. Synaptics Announces Put Option for 0.75% Convertible Senior Subordinated Notes Due 2024
5. DigitalPersona Announces Windows 7 Support for Its Enterprise, Developer and Consumer Products
6. Fate Therapeutics announces creation of small molecule platform for commercial-scale reprogramming
7. NIH announces 115 awards to encourage high-risk research and innovation
8. IRSF announces funding of first clinical trial with disease-modifying therapy for Rett syndrome
9. InVitria Successfully Completes Beta Testing and Announces Commercial Launch of Optiferrin for Mammalian Cell Culture
10. Ambry Genetics Announces Certified Service Provider Status for Agilent Microarrays
11. Distinctive Voices@The Beckman Center announces fall lecture series
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:4/19/2016)... , UAE, April 20, 2016 ... implemented as a compact web-based "all-in-one" system solution for ... biometric fingerprint reader or the door interface with integration ... modern access control systems. The minimal dimensions of the ... readers into the building installations offer considerable freedom of ...
(Date:4/13/2016)... CHICAGO , April 13, 2016  IMPOWER physicians ... are setting a new clinical standard in telehealth ... By leveraging the higi platform, IMPOWER patients can ... weight, pulse and body mass index, and, when they ... quick and convenient visit to a local retail location ...
(Date:3/23/2016)... , March 23, 2016 ... erhöhter Sicherheit Gesichts- und Stimmerkennung mit Passwörtern ... (NASDAQ: MESG ), ein führender ... das Unternehmen mit SpeechPro zusammenarbeitet, um erstmals ... Finanzdienstleistungsbranche, wird die Möglichkeit angeboten, im Rahmen ...
Breaking Biology News(10 mins):
(Date:6/23/2016)... 23, 2016 A person commits a crime, and ... to track the criminal down. An outbreak of ... Drug Administration (FDA) uses DNA evidence to track down the ... Sound far-fetched? It,s not. The FDA has increasingly used a ... of foodborne illnesses. Put as simply as possible, whole genome ...
(Date:6/23/2016)... FRANCISCO , June 23, 2016   EpiBiome ... has secured $1 million in debt financing from Silicon ... ramp up automation and to advance its drug development ... its new facility. "SVB has been an ... beyond the services a traditional bank would provide," said ...
(Date:6/23/2016)... 23, 2016  Blueprint Bio, a company dedicated to ... medical community, has closed its Series A funding round, ... "We have received a commitment from Forentis ... need to meet our current goals," stated Matthew ... runway to complete validation on the current projects in ...
(Date:6/23/2016)... ... June 23, 2016 , ... Velocity Products, a division of ... and optimized exclusively for Okuma CNC machining centers at The International Manufacturing Technology ... among several companies with expertise in toolholding, cutting tools, machining dynamics and distribution, ...
Breaking Biology Technology: