Faruqi & Faruqi, LLP Launches An Investigation Against Exactech Inc. (EXAC) Potential Breaches Of Fiduciary Duties By Its Board Of Directors
Juan E. Monteverde, a partner at Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of Exactech, Inc. (“Exactech” or the “Company”) (NasdaqGS: EXAC) for potential breaches of fiduciary duties in connection with their conduct in seeking shareholders’ approval of the Amended and Restated Exactech, Inc. 2009 Executive Incentive Compensation Plan.
Specifically, in the Proxy Statement filed by the Company with the Securities and Exchange Commission on March 27, 2014, the Board of Directors recommends that Exactech’s shareholders vote to approve the Amended and Restated Exactech, Inc. 2009 Executive Incentive Compensation Plan to authorize an increase in the number of shares of the common stock by 1,500,000. The issuance of the additional shares could have a substantial dilutive effect on the shares of Exactech common stock.
If you own common stock in Exactech and wish to obtain additional information and protect your investments free of charge, please contact Juan E. Monteverde, Esq. either via e-mail at firstname.lastname@example.org or by telephone at (877) 247-4292 or (212) 983-9330.
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Juan E. Monteverde
Faruqi & Faruqi, LLP
369 Lexington Avenue 10th Floor
New York, NY 10017
Tel: (212) 983-9330
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