PRLog - March 19, 2013 - SAN DIEGO -- An investigation on behalf of current long-term stockholders of shares of SHFL entertainment Inc (NASDAQ:SHFL)
Investors who are current long-term stockholder of shares of SHFL entertainment Inc (NASDAQ:SHFL)
The investigation by a law firm concerns whether certain SHFL entertainment Inc officers and directors breached their fiduciary duties in connection with their conduct in seeking shareholders’
In the Proxy Statement filed by SHFL entertainment Inc, formerly Shuffle Master, Inc., with the Securities and Exchange Commission the Board of Directors recommends that SHFL’s shareholders vote to approve the Company’s 2012 Stock Incentive Plan to issue 6,700,000 new shares. The proxy also recommends that shareholders vote to approve an advisory vote on executive compensation.
According to the investigation the issuance of the additional shares could have a severe dilutive effect on the shares of NASDAQ:SHFL common stock.
SHFL entertainment Inc (NASDAQ:SHFL)
Shares of SHFL entertainment Inc (NASDAQ:SHFL)
On Feb. 26, 2013, NASDAQ:SHFL closed at $15.75 per share.
Those who purchased shares of SHFL entertainment Inc (NASDAQ:SHFL)