Faruqi & Faruqi, LLP Launches An Investigation Against UniTek Global Services, Inc. (UNTK) For 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 UniTek Global Services, Inc. (“UniTek” or the “Company”) (NasdaqGM: UNTK) for potential breaches of fiduciary duties in connection with their conduct in seeking shareholders’ approval for the 2013 Omnibus Equity Compensation Plan.
Specifically, in the Proxy Statement filed by the Company with the Securities and Exchange Commission on November 8, 2013, the Board of Directors recommends that UniTek’s shareholders vote to approve the issuance of 2,500,000 shares of the common stock, plus the number of outstanding grants and shares available under the Company’s 2009 Omnibus Securities Plan. The issuance of the additional shares could have a substantial dilutive effect on the shares of UniTek common stock.
If you own common stock in UniTek 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.