Aetrium Introduces New Wafer Level Reliability Test Platform
ST. PAUL, Minn., April 16, 2013 (GLOBE NEWSWIRE) -- Aetrium Incorporated (Nasdaq:ATRM) today introduced a new Wafer Level Reliability (WLR) test platform to its portfolio of reliability test products, which are used by semiconductor manufacturers and wafer foundries to ensure their products exceed acceptable performance and quality standards.
Aetrium Announces Further Accord With Shareholders Group and Resets Annual Meeting Date
ST. PAUL, Minn., March 13, 2013 (GLOBE NEWSWIRE) -- Aetrium Incorporated (Nasdaq:ATRM) today announced that it has reached a further accord with the Concerned Aetrium Shareholders group ("CAS"). Pursuant to the accord, the number of directors on the Company's Board has been reduced to six, comprised of three incumbent directors and three CAS designated directors, with the CAS designated directors also participating on the Board's committees. The reconstituted Board members are Joseph Levesque, Chairman, Darnell Boehm, Douglas Hemer, Jeffrey Eberwein, Galen Vetter and Richard Coleman. The reconstituted Board also reset the 2013 annual meeting date to September 16, 2013, with a record date of July 22, 2013, and with the current six member Board being nominated for reelection.
Aetrium and Concerned Shareholders Reach Accord
ST. PAUL, Minn., Feb. 1, 2013 (GLOBE NEWSWIRE) -- Aetrium Incorporated (the "Company" or "Aetrium") (Nasdaq:ATRM) and Concerned Aetrium Shareholders ("CAS") jointly announce that the Company, the incumbent directors of the Company, and CAS have reached a settlement agreement allowing five members of CAS to immediately join Aetrium's Board, resulting in an eleven member Board, and setting the date of the regular annual shareholder meeting for May 15, 2013 with voting to be conducted following the Company's historical practices.
Aetrium Prevails at Court Hearing; Court Denies Plaintiffs' Motion for Temporary Injunction
ST. PAUL, Minn., Dec. 20, 2012 (GLOBE NEWSWIRE) -- Aetrium Incorporated (Nasdaq:ATRM) today announced that on December 18, 2012, the presiding Judge for the Ramsey County District Court, Second Judicial District, State of Minnesota, issued an Order denying the plaintiffs group of dissident shareholders' motion for a temporary injunction. The plaintiffs dissident shareholders group, headed by Jeffrey Eberwein, initiated this lawsuit on November 29, 2012, seeking declaratory and injunctive relief relating to the company's special meeting of shareholders held on November 26, 2012 on the demand of the Eberwein group.
Aetrium Denounces Lawsuit Filed Against it in Connection With Recent Shareholders Meeting
ST. PAUL, Minn., Dec. 3, 2012 (GLOBE NEWSWIRE) -- Aetrium Incorporated (Nasdaq:ATRM) today announced that on November 29, 2012, it was served with a lawsuit against it and each of its directors brought by a group of dissident shareholders headed by Jeffrey Eberwein. The lawsuit seeks declaratory and injunctive relief relating to the company's special meeting of shareholders held on November 26, 2012 on the demand of the Eberwein group, including inter alia on the construction and validity of certain of the company's bylaw provisions, and seeks an order extending the shareholders meeting concluded on November 26. Aetrium strongly believes there is no merit in any of the allegations or claims brought by the Eberwein group in the lawsuit, and intends to vigorously defend against it.
Independent Inspector of Elections' Official Tally of Shares Presented at Aetrium Special Shareholders Meeting Falls 20% Short of Quorum Requirement
ST. PAUL, Minn., Nov. 28, 2012 (GLOBE NEWSWIRE) -- Aetrium Incorporated (Nasdaq:ATRM) today announced that on November 27, 2012, a representative of American Election Services, LLC, the independent firm acting as inspector of elections for Aetrium's special meeting of shareholders held November 26, 2012, submitted its Final Report on the meeting. The Final Report certified that 10,781,451 shares of Aetrium common stock were issued and outstanding as of the record date, and holders of 4,397,327 shares were present at the meeting, representing 40.79% of the issued and outstanding common stock. The quorum requirement for the meeting was a majority of all outstanding shares of the company's common stock. The Final Report also confirmed that there were no matters presented for action at the meeting, as the company stated in its press release of November 27, 2012. Aetrium plans to file the certified results in a Form 8-K with the Securities and Exchange Commission today.