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Brunswick Technologies Says ISS Recommends Management Proposals

  • Tuesday, 16th May 2000
  • Reading time: less than a minute

Brunswick Technologies, Inc said that Institutional Shareholders Services (“ISS”), the world’s leading provider of proxy advisory services, has recommended to investors that they support BTI management’s proposals contained in management’s proxy for the Company’s annual meeting scheduled for today (May 16, 2000). ISS has recommended for the election of BTI’s directors, the approval of a plan to amend the 1997 Equity Incentive Plan and ratification of PricewaterhouseCoopers LLP as the Company’s independent auditors. ISS recommended that investors execute their votes on management’s white proxy card and discard the blue proxy card distributed by Vetrotex CertainTeed Corporation, a wholly-owned subsidiary of Compagnie de Saint Gobain, which is currently engaged in a takeover attempt of BTI.

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