RMG Announces Results of Special Meeting and Expected Merger Closing
RMG NETWORKS HOLDING CORP (RMGN)
Last rmg networks holding corp earnings: 11/7 07:00 am
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US:NASDAQ Investor Relations:
ir.rmgnetworks.com
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Source: GlobeNewswire
DALLAS, Sept. 27, 2018 (GLOBE NEWSWIRE) -- RMG Networks Holding Corporation (NASDAQ:RMGN), or RMG, a global leader in technology-driven visual communications, and SCG Digital, LLC (“Parent”), announced today that RMG’s stockholders voted to adopt and approve the previously announced merger agreement among RMG, Parent, SCG Digital Merger Sub, Inc. (“Merger Sub”) and SCG Digital Financing, LLC at a special meeting of RMG’s stockholders held on September 27, 2018. In addition, RMG’s stockholders voted to approve, on a non-binding, advisory basis, the compensation that named executive officers of RMG may receive in connection with the merger pursuant to agreements or arrangements with RMG. Approximately 95% of the votes cast at the meeting voted to adopt and approve the merger agreement, representing approximately 64% of the outstanding shares of RMG common stock entitled to vote thereon. Further, approximately 93% of the votes cast at the meeting voted to adopt and approve the merger
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