Board of directors elects J. Edward Sheridan as chairman of the board
BERKELEY HEIGHTS, N.J., May 21 /PRNewswire-FirstCall/ -- Authentidate Holding Corp. (Nasdaq: ADAT), a worldwide provider of secure workflow management software and web-based services, today announced the results from the company's Annual Meeting of Stockholders held on Wednesday, May 20, 2009, at the company's headquarters located in Berkeley Heights, NJ.
Stockholders approved the re-election of the following individuals to serve on Authentidate's Board of Directors: J. Edward Sheridan, Charles C. Johnston, J. David Luce, Ranjit C. Singh and John J. Waters. Shareholders also approved an amendment to the 2001 Non-Executive Director Stock Option Plan, which increases the percentage of cash compensation that the non-executive directors can elect to receive in shares of restricted common stock of Authentidate to 100% of the cash compensation payable to a non-executive director.
In addition, the Board of Directors of the company elected J. Edward Sheridan as non-executive chairman. Mr. Sheridan has acted as interim non-executive chairman of the Board of Directors since F. Ross Johnson stepped down from the position in March 2009. Following his appointment to non-executive chairman of the Board of Directors, Mr. Sheridan was replaced as chairman of the audit committee by Charles C. Johnston and as chairman of the nominating and corporate governance committee by Ranjit C. Singh.
About Authentidate Holding Corp.
Authentidate Holding Corp. is a worldwide provider of secure Health Information Exchange and workflow management services. The company's software and web-based services enable healthcare organizations and other enterprises to increase revenues, improve productivity and reduce costs by eliminating paper and manual work steps from clinical, administrative and other processes and enhancing compliance with regulatory requirements. The web-based services are delivered as Software as a Service (Saas) to customers. These solutions incorporate rules-based electronic forms, intelligent routing, transaction management, electronic signatures, identity credentialing, content authentication and automated audit trails. Both web and fax based communications are integrated into automated and trusted workflow solutions.
