Tyler Technologies Directors Re-Elected at Annual Meeting of Stockholders
15 Maggio 2008 - 10:31PM
Business Wire
Tyler Technologies, Inc. (NYSE: TYL) announced the re-election of
the seven members of its board of directors at the Company�s annual
meeting of stockholders held in Dallas today. Re-elected directors
include Donald R. Brattain, President of Brattain & Associates,
LLC; J. Luther King, Jr., Chief Executive Officer of Luther King
Capital Management; John S. Marr, Jr., President and Chief
Executive Officer of Tyler Technologies; G. Stuart Reeves, former
Executive Vice President of Electronic Data Systems Corporation;
Michael D. Richards, Executive Vice President of Republic Title of
Texas, Inc.; Dustin R. Womble, Executive Vice President of Tyler
Technologies; and John M. Yeaman, Chairman of the Board of Tyler
Technologies. Stockholders also approved an amendment to the Tyler
Technologies Stock Option Plan to increase the number of shares
subject to the Stock Option Plan by 2,500,000, and ratified the
selection of Ernst & Young LLP as the Company�s independent
auditors for 2008. Tyler also announced that its board of directors
has increased the Company�s common stock repurchase authorization
by two million shares. With the increase, the Company is currently
authorized to repurchase up to approximately 2,967,000 additional
shares of its common stock. The shares may be repurchased from time
to time in the open market or through negotiated transactions. The
amount and timing of purchases under the program will be subject
to, among other things, the price and availability of the Company�s
shares and general market conditions. The repurchased shares may be
reserved for later reissue in connection with employee benefit
plans and other general corporate purposes. Based in Dallas, Tyler
Technologies is a leading provider of end-to-end information
management solutions and services for local governments. Tyler
partners with clients to make local government more accessible to
the public, more responsive to needs of citizens, and more
efficient. Tyler�s client base includes more than 7,000 local
government offices throughout all 50 states, Canada, Puerto Rico
and the United Kingdom. Tyler has been named one of �America�s 200
Best Small Companies� by Forbes Magazine and one of �America�s 100
Most Trustworthy Companies� by Audit Integrity, an independent
research firm. More information about Tyler Technologies can be
found at www.tylertech.com. Tyler Technologies, Inc. has included
in this press release �forward-looking statements� within the
meaning of the Private Securities Litigation Reform Act of 1995
concerning its business and operations. Tyler Technologies
expressly disclaims any obligation to release publicly any updates
or revisions to these forward-looking statements to reflect any
change in its expectations. These expectations and the related
statements are inherently subject to risks and uncertainties that
could cause actual results to differ materially from those set
forth in, contemplated by, or underlying the forward-looking
statements. The risks and uncertainties which forward-looking
statements are subject to include, but are not limited to, changes
in competition, changes in general economic conditions, changes in
the budgets and regulatory environments of the Company�s customers,
risks associated with the development of new products and the
enhancement of existing products, the ability to attract and retain
qualified personnel, and other risks detailed from time to time in
the Company�s filings with the Securities and Exchange Commission.
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