Tyler Technologies Stockholders Elect Directors; Two New Independent Directors Join Tyler's Board
10 Maggio 2004 - 3:03PM
PR Newswire (US)
Tyler Technologies Stockholders Elect Directors; Two New
Independent Directors Join Tyler's Board DALLAS, May 10
/PRNewswire-FirstCall/ -- Tyler Technologies, Inc. announced today
that two new independent directors were elected to its board of
directors at the Company's annual meeting of stockholders on May 6,
2004. Donald R. Brattain and J. Luther King, Jr. join Tyler's board
as new directors. Messrs. Brattain and King will each serve on the
Audit Committee, which Mr. Brattain will chair. Mr. Brattain will
also serve on the Nominating and Governance Committee, and Mr. King
will also serve on the Compensation Committee. G. Stuart Reeves,
John M. Yeaman, John S. Marr, Jr., Glenn A. Smith, and Michael D.
Richards were all re-elected as directors of Tyler Technologies.
Mr. Brattain is President of Brattain & Associates, LLC, a
private investment company located in Minneapolis, Minnesota, that
Mr. Brattain founded in 1985. From 1981 until 1988, Mr. Brattain
purchased and operated Barefoot Grass Lawn Service Company, which
grew from $3.2 million in sales to over $100 million and was sold
in 1998. Mr. King is the Chief Executive Officer, Chief Financial
Officer and a director of Luther King Capital Management, a
registered investment advisory firm located in Fort Worth, Texas,
that he founded in 1979. Mr. King also serves as a director of the
University of Texas Investment Management Company, a company that
manages the endowment assets of the University of Texas system and
a portion of the endowment assets of Texas A&M University. With
these additions, Tyler's board of directors has seven members, four
of whom Tyler's board has determined to be independent under the
rules of the New York Stock Exchange. All board members are elected
annually at the Company's stockholders' meeting to one-year terms.
Ben T. Morris, a director of Tyler since 2001, did not stand for
re-election to Tyler's board in accordance with his firm's policy.
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 in its operations. Tyler's client base
includes more than 6,000 local government offices throughout all 50
states, Canada, Puerto Rico and the United Kingdom. More
information about Tyler Technologies can be found at
http://www.tylerworks.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, the
ability of the Company to successfully integrate acquisitions,
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. http://www.newscom.com/cgi-bin/prnh/20020416/TYLLOGO
http://photoarchive.ap.org/ DATASOURCE: Tyler Technologies, Inc.
CONTACT: Brian K. Miller, Vice President - Finance of Tyler
Technologies, Inc., +1-972-713-3720, or Web site:
http://www.tylerworks.com/ Company News On-Call:
http://www.prnewswire.com/comp/118708.html
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