L-1 Identity Solutions, Inc. (NYSE: ID), a leading supplier of identity
solutions and services, today announced results from the Company's 2009
Annual Meeting of Stockholders held on Wednesday, May 6, 2009.
At the meeting, all proposals on the agenda were approved by the
requisite stockholder vote, with a quorum of stockholders present in
person or by proxy. The stockholders approved proposals providing for
the:
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Election of B.G. Beck, James M. Loy and Peter Nessen as Class I
directors of the Company to serve for a three-year term expiring at
the Annual Meeting of Stockholders of the Company in 2012.
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Permission for the Series A Convertible Preferred Stock, par value
$0.001 per share, held by Robert V. LaPenta, the Company’s Chairman,
President & Chief Executive Officer, to be converted into shares of
common stock, par value $0.01 per share, at a conversion price of
$13.19 per share, subject to specified adjustments.
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Amendment of the L-1 Identity Solutions 2006 Employee Stock Purchase
Plan to increase the number of share of common stock available for
issuance under the plan from 500,000 to 2.5 million.
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Ratification of the selection of Deloitte & Touche LLP as the
Company's independent registered public accounting firm for the year
ended December 31, 2009.
About L-1 Identity Solutions
L-1 Identity Solutions, Inc. (NYSE: ID) protects and secures personal
identities and assets. Its divisions include Biometrics, Secure
Credentialing and Enterprise Access solutions, as well as Enrollment and
Government Consulting services. With the trust and confidence in
individual identities provided by L-1, international governments,
federal and state agencies, law enforcement and commercial businesses
can better guard the public against global terrorism, crime and identity
theft fostered by fraudulent identity. L-1 Identity Solutions has more
than 2,200 employees worldwide and is headquartered in Stamford, CT. For
more information, visit www.L1ID.com.
ID-F
L-1 Identity Solutions
Doni Fordyce, 203-504-1109
dfordyce@L1ID.com
or
Brunswick
Group
Steve Lipin, 212-333-3810
