MIGDAL HA'EMEK, Israel, February 24 /PRNewswire-FirstCall/ -- ACS Motion Control Ltd. announces the convening of an annual meeting of the Company's shareholders, to be held on 15 March 2009, at 13:00, at the Company's offices at Shaoul Amor St., Ramat Gabriel Industrial Area, Migdal Ha'emek.
On the Agenda: 1. Discussion of financial reports. 2. Re-appointment of Messrs. Zeev Kirshenboim, Jacob Engel and Eli Dayan as directors of the Company. 3. Re-appointment of Mr. Avraham Yoskovitch as an external director of the Company, for a second term of 3 years, commencing on 12 June 2009. 4. Re-appointment of Cost Forrer Gabay and Kassirer (Ernst and Young Israel) as the Company's auditor, until resolved otherwise by The Company's shareholders meeting, and to authorize the Company's board of directors to set its fees. 5. Approval of updating the class of car of the Company's chairman of the board of directors.
The majority required for passing the resolutions proposed in sections 2, 4 and 5 above is a simple majority of the votes of the shareholders participating in the voting.
The majority required for passing the resolution proposed in section 3 above is a simple majority of the votes of the shareholders participating in the voting, provided that one of the following is met:
a. The majority at the General Meeting shall include at least one third of the voting shareholders who are not holders of control in the Company, or representing them, who are participating in the voting; in counting the total votes of the said shareholders, the abstaining votes shall not be considered ; b. The total number of opposing votes out of the shareholders aforesaid in section 'a' above shall not exceed one percent of the total voting rights in the Company.
In accordance with section 182(b) of the Companies Law it is hereby stipulated that the Record Date for the purpose of participation in the General Meeting is March 8, 2009.
Shareholders who wish to vote at the Meeting, shall deposit the form of Appointment of Proxy, or a copy thereof certified by a notary, at the Company's offices, not later than 48 hours before the time fixed for the Meeting or the Adjourned Meeting, at which the Proxy Holder intends to vote on the basis of that Appointment of Proxy.
The wording of the resolutions may be inspected at the offices of Chet Sarid Gruber Sapir-Chen Lavron, Law Offices at 5 Azrieli Center (The Square Tower), 24th floor, Tel Aviv, during regular working hours and after prior appointment with Advocate Tsachi Barzilai by Tel. +972-03-6088444.
As of now, any Company's press release or message to our international shareholders will be made through the news section of the Company's website.
Contact: Ze'ev Kirshenboim, Chairman of the Board of Directors, ACS Motion Control Ltd. +972-4-654-6440
