RGS Energy Announces Settlement Agreement with Iroquois Capital
REAL GOODS SOLAR (RGSE)
Last real goods solar earnings: 5/15 04:06 pm
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US:NASDAQ Investor Relations:
investors.rgsenergy.com/overview
Company Research
Source: GlobeNewswire
DENVER, Jan. 03, 2018 (GLOBE NEWSWIRE) -- RGS Energy (the “Company”) (NASDAQ:RGSE), the nation’s original solar company since 1978, announced today that it has reached an agreement with Iroquois Master Fund Ltd. and certain of its affiliates (collectively, “Iroquois”) pursuant to which Iroquois has agreed to cease soliciting proxies in opposition to, and to support, the Company’s proposals for the 2017 annual meeting of shareholders. The Company, despite repeated attempts, has to-date not been able to receive a sufficient number of proxy cards from its shareholders to achieve a quorum to hold its 2017 annual meeting of shareholders. As a Nasdaq listed company, the Company is required to hold an annual meeting each year. As part of the agreement, at the Company’s 2017 annual meeting of shareholders, Iroquois will vote all of its shares in support of the slate of the current directors, the proposal to amend the Company’s 2008 Long-Term Incentive Plan, and the ratification of audito
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