RTK - Rentech Announces Results of Annual Meeting of Shareholders
Monday March 26, 4:05 pm ET
LOS ANGELES, March 26 /PRNewswire-FirstCall/ -- Rentech, Inc. (Amex: RTK - News) announced today the results of its Annual Meeting of Shareholders held on March 22, 2007 in Denver, Colorado. At the annual meeting, the shareholders adopted resolutions approving the following matters:
1. The election to Rentech's Board of Directors of Michael R. Ray and
Edward M. Stern to serve a three year term;
2. The potential issuance of 20% or more of Rentech's outstanding common
stock at prices of up to 20% below market value;
3. The approval of the amendment to the 2006 Incentive Award Plan to
increase the number of shares reserved for issuance under such plan by
3,000,000; and,
4. The ratification of the selection of Ehrhardt Keefe Steiner & Hottman
P.C. as the Company's independent registered public accounting firm
for 2007.
The final tabulation of the votes will be included in the next quarterly report that the Company files with the Securities and Exchange Commission.
About Rentech, Inc.
Rentech, Inc., a Colorado corporation formed in 1981, offers energy independence solutions by utilizing American resources to economically produce ultra-clean fuels. To execute this strategy, it will utilize its patented and proprietary Fischer-Tropsch gas-to-liquids/coal-to-liquids process for conversion of synthesis gas made from natural gas, coal, petcoke, biomass and other solid or liquid carbon-bearing materials into clean burning, ultra-low- sulfur and ultra-low-aromatic synthetic fuels.
Forward Looking Statements
This press release contains forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995 about matters such as the Company's plans to commercialize its Rentech process technology. These statements are based on management's current expectations, and actual results may differ materially as a result of various risks and uncertainties. Factors that could cause actual results to differ include those set forth in our prior press releases and our periodic public filings with the Securities and Exchange Commission, which are available via Rentech's web site at www.rentechinc.com. The forward-looking statements in this press release are made as of March 23, 2007; and Rentech does not undertake to revise or update these forward-looking statements, except to the extent that it is required to do so under applicable law.
For more information please contact: Mark Koenig, Director of Investor Relations, Rentech, Inc. at 303-298-8008, extension 116, or by email at mkir@rentk.com, or see the Company's website at: www.rentechinc.com; Kevin Theiss, CEOcast, Inc. at 212-732-4300 or by email at ktheiss@ceocast.com.
