DURHAM, N.C., June 20, 2014 (GLOBE NEWSWIRE) -- EMRISE CORPORATION (OTCQB:EMRI), a multi-national manufacturer of defense and aerospace electronic devices and communications equipment, today announced that it held its 2014 annual meeting of stockholders at 11:00 am EDT on Thursday, June 19, 2014, at the DoubleTree by Hilton Hotel, Newark, NJ, as previously scheduled. Stockholders of record of EMRISE Corporation common stock at the close of business on May 1, 2014, the record date for the 2014 annual meeting, were entitled to notice of and to vote at the 2014 annual meeting or at any adjournments and postponements of the meeting. A quorum of stockholders was present at the meeting with 85.45 percent of the Company's stockholders voting in person or by proxy.
At the 2014 annual meeting, EMRISE stockholders voted to approve Proposal (1) to elect Carmine T. Oliva as Class III director, to serve a three-year term on the Company's Board of Directors; (2) to consider and conduct a vote upon a proposal to ratify the selection of BDO LLP, the Company's independent registered public accountant, to audit its consolidated financial statements for 2014.
The stockholders also voted a sufficient number of non-binding advisory votes at the 2014 annual meeting to approve Proposal (3) to consider and conduct a non-binding advisory vote on a proposal to approve the Company's executive compensation.
About EMRISE Corporation
EMRISE designs, manufactures and markets electronic devices, sub-systems and equipment for aerospace, defense, industrial and communications markets. EMRISE products perform key functions such as power supply and power conversion; radio frequency (RF) and microwave signal processing; and network access to public and private communications networks. The use of its network products in public and private, legacy and latest Ethernet and Internet Protocol (IP) networks is a primary growth driver for the Company's Communications Equipment business units. The use of its power supplies, RF and microwave signal processing devices and subsystems in on-board In-Flight Entertainment and Connectivity systems is a primary growth driver for the Company's Electronic Devices business units. EMRISE serves the worldwide base of customers it has built in North America, Europe and Asia through operations in the United States, England and France. For more information on EMRISE, go to www.emrise.com.
EMRISE common stock trades under the symbol EMRI on OTCQB, the venture marketplace for companies that are current in their reporting with a U.S. regulator. Investors can find Real-Time quotes and market information for EMRISE at www.otcmarkets.com.