BETHESDA, Md., Nov. 19 /PRNewswire-FirstCall/ -- Spherix Incorporated (Nasdaq: SPEX), an innovator in biotechnology for diabetes therapy, and a provider of technical and regulatory consulting services to food, supplement, biotechnology and pharmaceutical companies, today announced the results of Tuesday's Annual Meeting of Shareholders.
At the meeting, shareholders of Spherix Incorporated (Nasdaq: SPEX) elected the following members to the Board of Directors:
In addition, Grant Thornton LLP was ratified as the Company's independent accountants for the year 2009, and the shareholders authorized the Board of Directors to determine when and if to effect the reverse stock split of the common stock, within a range of 1:5 to 1:20, at any time within eighteen (18) months of this meeting.
At the meeting, Dr. Vander Zanden, Chairman of the Board, stated, "The success of Spherix over the past two years has been the result of hard work, and great collaboration, by both the Board and the Corporate Officers. We still have a long way to go, but the team is taking the proper course necessary
|SOURCE Spherix Incorporated|
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