Allot Communications Ltd. Announces the Results of the 2008 Annual Meeting of Shareholders
14 Novembre 2008 - 10:00AM
PR Newswire (US)
Shraga Katz Named as Chairman of the Board HOD HASHARON, Israel,
November 14 /PRNewswire-FirstCall/ -- Allot Communications Ltd.
(NASDAQ:ALLT), a leading provider of deep packet inspection (DPI)
technology for service optimization, today announced the results of
its Annual Meeting of Shareholders held on November 13, 2008, at
the Company's offices located at 22 Hanagar Street, Neve Ne'eman
Industrial Zone B, Hod-Hasharon, Israel. At the Annual Meeting of
Shareholders, the shareholders adopted the following resolutions:
1. To elect Shraga Katz as a Class I director to serve for a
two-year term in accordance with the Company's Articles of
Association. 2. To elect Shai Saul and Dr. Eyal Kishon as Class II
directors, each to serve for a three-year term in accordance with
the Company's Articles of Association. 3. To approve the terms of
Shraga Katz's service, including payment of director's fees, the
grant of stock options and eligibility for indemnification and
exculpation. 4. To approve an amendment to the compensation plan of
Yigal Jacoby. 5. To approve the grant of stock options to Dr. Eyal
Kishon, Shai Saul and Rami Hadar. 6. To approve the extension of
the expiration date of certain purchase rights of Yigal Jacoby. 7.
To ratify and approve the procurement and maintenance of directors'
and officers' liability insurance. 8. To approve the reappointment
of Kost Forer Gabbay & Kasierer, a member of Ernst & Young
Global, as Allot's independent registered public accounting firm
for the fiscal year ended December 31, 2008 and until the 2009
annual meeting of shareholders and to authorize the board of
directors, upon recommendation of the audit committee, to fix the
remuneration of said independent registered public accounting firm.
Only shareholders of record as of the close of business on October
14, 2008 were entitled to vote at the meeting. A total of
12,632,015 shares, representing approximately 57% of the Company's
total outstanding shares were represented at the meeting. Mr.
Shraga Katz who was elected to serve as a Class I director has also
been named by the board of directors as its Chairperson ,
succeeding Yigal Jacoby, who will remain a member of the board of
directors. Mr. Katz has over 30 years of experience in the
technology sector and has specialized for over 20 years in the
communications industry. In 1996, Mr. Katz founded Ceragon Networks
Ltd. (NASDAQ:CRNT), a global provider of high capacity wireless
networking solutions for mobile and fixed operators and private
networks, and served as its President and CEO until mid 2005. Prior
to founding Ceragon, Mr. Katz served in the Israeli Defense Forces
for 17 years. Mr. Katz was head of the Electronic Research and
Development Department of the Israeli Ministry of Defense. Mr. Katz
is a two-time winner of the Israel Defense Award, Israel's most
prestigious recognition for research and development. Shraga Katz
is a Venture Partner of Magma Venture Partners, a leading venture
capital firm specializing in early-stage investments in
communication, semiconductors, internet and media, and serves as
director on the Board of Siverge Networks. Mr. Katz holds a B.Sc.
from the Technion - Israel Institute of Technology and an M.B.A.
from Tel Aviv University. The Company also announced that effective
November 13, 2008, Yossi Sela who served as a director since 1998
resigned from the board of directors. Mr. Sela has confirmed to the
Company that his decision to resign did not result from, and there
does not exist, any disagreement between him and the Company
relating to the Company's operations, policies or practices. About
Allot Communications Ltd. Allot Communications Ltd. (NASDAQ:ALLT)
is a leading provider of intelligent IP service optimization
solutions. Designed for carriers, service providers and
enterprises, Allot solutions apply deep packet inspection (DPI)
technology to transform broadband pipes into smart networks. This
creates the visibility and control vital to manage applications,
services and subscribers, guarantee quality of service (QoS),
contain operating costs and maximize revenue. Allot believes in
listening to customers and provides them access to its global
network of visionaries, innovators and support engineers. For more
information, please visit http://www.allot.com/. Investor Relations
Contact: Jay Kalish Executive Director Investor Relations
International access code +972-9-761-9365 DATASOURCE: Allot
Communications Ltd. CONTACT: Investor Relations Contact: Jay
Kalish, Executive Director Investor Relations, International access
code +972-9-761-9365,
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