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Concerned Stockholders Of Full House Resorts, Inc. Issue Statement On Board Of Director's Decision To Amend Bylaws To Reduce The Right Of Stockholders To Call Special Meetings
[PR Newswire] - NEW YORK, Oct. 24, 2014 /PRNewswire/ -- Two weeks ago, three Concerned Stockholders of Full House Resorts Inc. (FLL) initiated a process to call a Special Meeting to add five highly-qualified individuals to the Board of Directors'. The Concerned Stockholders own approximately 1,161,482 shares of common stock, representing approximately 6.2% of the shares outstanding. Today the Concerned Stockholders issued the following statement in reaction to the Board of Directors action this week which changed the Company's bylaws: On October 23, 2014, the Board of Directors of Full House Resorts announced that they had amended bylaws of the Company to reduce existing shareholder rights to call a special meeting. The changes allow the Board to reject the calling of a special meeting even if done in accordance with the bylaws. It empowers the Board to delay any vote on the subject matter presented by stockholders by calling its own meeting months later.
10/24/2014 09:16 AM

http://us.rd.yahoo.com/finance/news/rss/story/*http://finance.yahoo.com/news/concerned-stockholders-full-house-resorts-141600663.html