NEW LONDON, CT, May 18, 2012 (GLOBE NEWSWIRE) -- Evercel, Inc. (Pink Sheets: EVRC) today reported the results of its Annual Meeting held on May 17, 2012.
1.) Director nominees Gerson, Gutfreund, Litman, Perkins and Prime were elected;
2.) An amendment to the Certificate of Incorporation increasing the number of authorized common shares from 30,000,000 to 75,000,000 was approved;
3.) The 2012 Equity Incentive Plan was approved.
Each of the proposals was approved by greater than 90% of the shares represented at the meeting.
No other business came before the meeting.
New London, Conn., based Evercel is a multi-industry company whose operations include crab processing for both fresh and frozen markets, sales of Swivel Y-valves used in the treatment of patients on respirators, and Stretch and Cover, Inc., an on-line retailer of slipcovers for household furniture. Evercel also has investments in Zipcar Inc. (car sharing), and Julia LLC (skin wrinkle reduction technology).
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