Faruqi & Faruqi, LLP Launches An Investigation Against Winmark Corp. (WINA) 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 Winmark Corp. (“Winmark” or the “Company”) (NasdaqGM: WINA) for potential breaches of fiduciary duties in connection with their conduct in seeking shareholders’ approval for the 2010 Stock Option Plan.
Specifically, in the Proxy Statement filed by the Company with the Securities and Exchange Commission on March 12, 2014, the Board of Directors recommends that Winmark’s shareholders vote to approve the issuance of shares of the common stock from 250,000 to 500,000 under the 2010 Stock Option Plan. The issuance of these shares could have a substantial dilutive effect on the shares of Winmark common stock.
If you own common stock in Winmark 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.