Aetrium Announces Further Accord With Shareholders Group and Resets Annual
ST. PAUL, Minn., March 13, 2013 (GLOBE NEWSWIRE) -- Aetrium Incorporated
(Nasdaq:ATRM) today announced that it has reached a further accord with the
Concerned Aetrium Shareholders group ("CAS"). Pursuant to the accord, the
number of directors on the Company's Board has been reduced to six, comprised
of three incumbent directors and three CAS designated directors, with the CAS
designated directors also participating on the Board's committees. The
reconstituted Board members are Joseph Levesque, Chairman, Darnell Boehm,
Douglas Hemer, Jeffrey Eberwein, Galen Vetter and Richard Coleman. The
reconstituted Board also reset the 2013 annual meeting date to September 16,
2013, with a record date of July 22, 2013, and with the current six member
Board being nominated for reelection.
"We are very pleased that the CAS group has joined with us in our proposed
initiative to seek strategic alternatives for our product groups," said Joseph
Levesque, President and CEO of the Company, "and now to proceed with us on an
equal footing to implement that plan."
As a part of the further accord, Messrs. Levesque, Boehm and Hemer have agreed
to resign as directors upon the sale of both of the Company's product lines.
Aetrium, based in North St. Paul, Minnesota, is a leading supplier of
proprietary technologies and equipment that are used by the worldwide
semiconductor industry to test ICs. The company's products are used by
customers to advance reliability, improve quality, increase product yield or
improve manufacturing processes. Aetrium's common stock is publicly traded on
the Nasdaq market under the symbol ATRM. More information about Aetrium is
available on the internet at www.Aetrium.com.
The Aetrium Incorporated logo is available at
CONTACT: Paul Askegaard
Press spacebar to pause and continue. Press esc to stop.