Johnson Controls, Inc. Investor Alert: Investigation

An investigation for investors in shares of Johnson Controls, Inc. over possible breaches of fiduciary duties was announced and current NYSE-JCI stockholders should contact the Shareholders Foundation at mail@shareholdersfoundation.com
 
 
mail@shareholdersfoundation.com
mail@shareholdersfoundation.com
 
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Jan. 15, 2013 - PRLog -- An investigation on behalf of current long term stockholders in shares of Johnson Controls, Inc.  was announced concerning potential breaches of fiduciary duties by certain directors of Johnson Controls, Inc. in connection with the Company’s 2012 Omnibus Incentive Plan.

If you are a current long-term stockholder in shares of Johnson Controls, Inc. , you have certain options and you should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The investigation by a law firm concerns whether certain directors of Johnson Controls, Inc. potentially breached their fiduciary duties in connection with their conduct in seeking shareholders’ approval for the Company’s 2012 Omnibus Incentive Plan.

In the Proxy Statement filed by Johnson Controls, Inc. with the Securities and Exchange Commission (“SEC”) the Board of Directors recommends that Johnson Controls’ shareholders vote to approve the Johnson Controls, Inc. 2012 Omnibus Incentive Plan. The 2012 Omnibus Incentive Plan would allow the Company to issue 36,800,000 shares of common stock.


According to the investigation the issuance of the additional shares could have a substantial dilutive effect on the shares of Johnson Controls common stock.

Johnson Controls, Inc. reported that its Total Revenue increased from over $40.83 billion for the 12 months period that ended on Sept. 30, 2011 to over $41.95 billion for the 12 months period that ended on Sept. 30, 2012. However, its Net Income declined over the respective time periods from over $1.41 billion to over $1.22 billion.

Shares of Johnson Controls, Inc.  traded as high as $42.47 per share in July 2011 and as low as $24.59 per share in August 2012.

On December 14, 2012, NYSE-JCI shares closed at $28.20 per share, which is significantly below its current 52 week High of $35.95 per share.

Those who are current long-term stockholders in shares of Johnson Controls, Inc. , have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
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