An investigation for current long-term investors in shares of InfuSystem Holdings Inc (NYSEMKT:INFU) over potential wrongdoing by certain officers and directors of InfuSystem Holdings was announced and current long-term NYSEMKT:INFU stockholders should contact the Shareholders Foundation at mail@shareholdersfoundation.com
San Diego, CA -- (SBWIRE) -- 08/07/2013 -- An investigation on behalf of current long-term stockholders of shares of InfuSystem Holdings Inc (NYSEMKT:INFU) was announced concerning whether certain InfuSystem Holdings officers and directors possibly breached their fiduciary duties in connection with certain statements.
Investors who are current long-term stockholders of shares of InfuSystem Holdings Inc (NYSEMKT:INFU) have certain options and should contact the Shareholders Foundation at mail(at)shareholdersfoundation.com or call +1(858) 779 - 1554.
The investigation by a law firm concerns whether certain InfuSystem Holdings officers and directors breached their fiduciary duties in connection with their conduct in seeking shareholders’ approval for an amendment of the Company’s 2007 Stock Incentive Plan.
In the Proxy Statement filed by InfuSystem Holdings Inc with the Securities and Exchange Commission the Board of Directors recommends that InfuSystem’s shareholders vote to approve an amendment to the Company’s 2007 Stock Incentive Plan to increase the number of shares available for issuance thereunder from 5,000,000 to 7,000,000.
According to the investigation the issuance of the additional shares could have a severe dilutive effect on the shares of NYSEMKT:INFU common stock.
InfuSystem Holdings Inc reported that its annual Total Revenue rose from $54.64 million in 2011 to $58.83 million in 2012 and that its Net Loss over those time periods declined from $45.44 million to $1.49 million.
Shares of InfuSystem Holdings Inc (NYSEMKT:INFU) increased from $0.93 per share in early November 2011 to $2.232 per share in April 2012.
ON August 6, 2013, NYSEMKT:INFU shares closed at $1.49 per share.
Those who purchased shares of InfuSystem Holdings Inc (NYSEMKT:INFU) have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Jacob Rosenfeld
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com