Faruqi & Faruqi, LLP Launches An Investigation Against Transcat, Inc. (TRNS) 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 Transcat, Inc. (“Transcat” or the “Company”) (NasdaqGM: TRNS) for potential breaches of fiduciary duties in connection with their conduct in seeking shareholders’ approval for an amendment to the Company’s 2003 Incentive Plan.
Specifically, in the Proxy Statement filed by the Company with the Securities and Exchange Commission on July 26, 2013, the Board of Directors recommends that Transcat’s shareholders vote to approve an amendment to the Company’s 2003 Incentive Plan to increase the number of shares available for issuance thereunder from 1,900,000 to 3,400,000. The issuance of the additional shares could have a substantial dilutive effect on the shares of Transcat common stock.
Request more information now by clicking here: www.faruqilaw.com/TRNS. There is no cost or obligation to you.
If you own common stock in Transcat and wish to obtain additional information and protect your investments free of charge, please contact Juan E. Monteverde, Esq. either via e-mail at email@example.com or by telephone at (877) 247-4292 or (212) 983-9330.
Please tell us about yourself by completing the form below and we will provide you with additional
information at no cost to you on how to join the Class Action.
* The submission of this form does not create an attorney-client relationship.
Juan E. Monteverde
Faruqi & Faruqi, LLP
685 Third Avenue 26th Floor
New York, NY 10017
Tel: (212) 983-9330
If you have information regarding this case that you would like to make available, please click here to contact us about our investigation.