Nevada | 56-2267438 | |
(State or other jurisdiction of | (IRS Employer | |
incorporation) | Identification No.) |
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
On December 3, 2009, Law Enforcement Associates Corporation (the "Company") held its Annual Meeting of Stockholders (the "Annual Meeting"). At the Annual Meeting, the common stockholders voted for the election of five (5) directors to serve for terms expiring on the date of the next annual meeting of stockholders or until their successors have been duly elected and qualified. We anticipate that the next annual meeting will be held in late spring 2010. The results of the voting in these elections are set forth below.
Nominee Votes For Votes Withheld Broker Non-Votes
Of the 25,782,436 shares outstanding, 21,731,828 shares were present at the Annual Meeting in person or by proxy. Of the shares present, 13,149,334 shares were not voted.
The five directors elected above constitute the entire Board, and there are no other directors whose terms continue after the meeting.
At the Board Meeting following the Annual Meeting, Mr. Rand was re-elected as Chairman of the Board.
&nbs p; At the December 3, 2009 Board Meeting, the Board also appointed a committee of disinterested directors to investigate allegations made by Paul Feldman, the Company's former President and CEO, in a filing with the U.S. Department of Labor. Mr. Feldman's allegations were previously disclosed in the Company's Form 8-K filed with the Commission on December 1, 2009. The members of the committee are Mr. Tippett, who will act as Chairman, and Mr. Terry. The committee has responsibility for the investigation and the Company's legal defense of the complaint before the Department of Labor. The committee has engaged Lisa Grafstein, of the Law Office of Lisa Grafstein, P.L.L.C., as independent legal counsel.
Law Enforcement Associates Corporation | ||||||||
Date: December 11, 2009 | By: | /s/ Paul Briggs | ||||||
Paul Briggs | ||||||||
Chief Financial Officer | ||||||||