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Last $0.04 USD
Change Today +0.005 / 16.67%
Volume 1.8K
GEEK On Other Exchanges
As of 8:10 PM 08/27/15 All times are local (Market data is delayed by at least 15 minutes).

internet america (GEEK) Snapshot

Previous Close
Day High
Day Low
52 Week High
06/26/15 - $0.68
52 Week Low
11/3/14 - $0.02
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Average Volume 10 Days
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Dividend Yield
Current Stock Chart for INTERNET AMERICA (GEEK)

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internet america (GEEK) Details

Internet America, Inc. provides wireless high-speed broadband Internet services to residential and business subscribers in rural markets. The company offers wireless broadband Internet access services, including basic Internet and e-mail access; and DSL services comprising high-speed broadband Internet access over existing telephone lines. It also provides commercial-grade business services, including metro Ethernet from 3 Mbps to 100 Mbps, full and fractional T3/DS-3 and T1/DS-1 leased lines, commercial fixed wireless, and commercial DSL, as well as co-location, Web hosting, and other business related services. In addition, the company offers dial-up Internet access packages, which include basic Internet access and related Internet applications, such as email, FTP, and USENET news access, as well as related value-added services. As of June 30, 2014, it served approximately 25,700 subscribers in Texas, Oklahoma, and Missouri. Internet America, Inc. was founded in 1995 and is headquartered in Houston, Texas.

52 Employees
Last Reported Date: 10/8/14
Founded in 1995

internet america (GEEK) Top Compensated Officers

Chairman and Chief Executive Officer
Total Annual Compensation: $157.0K
Chief Financial Officer and Chief Accounting ...
Total Annual Compensation: $100.0K
Compensation as of Fiscal Year 2014.

internet america (GEEK) Key Developments

Internet America, Inc. Announces Executive Changes

On June 25, 2015, Raymond L. Horn of Internet America, Inc. submitted his resignation as the company's Executive Vice President and Chief Operating Officer with such resignation to become effective on July 10, 2015. At this time, the company does not expect to fill the vacancy created by Mr. Horn's resignation. On June 25, 2015, pursuant to the voting agreement, the remaining members of the board of directors of the company elected Mr. Mihaylo to fill the vacancy on the Board created by Mr. Greenberg's resignation becoming effective. There are no transactions in which Mr. Mihaylo has an interest requiring disclosure under Item 404(a) of Regulation S-K. At this time, Mr. Mihaylo is not expected to serve on any committees of he Board. The voting agreement, among other things, requires that the stockholder parties thereto take any action necessary to cause the appointment of Mr. Mihaylo to the Board. Also on June 25, 2015, the Board elected Mr. McClure to fill the vacancy on the Board created by his resignation becoming effective. Mr. McClure is not expected to serve on any committees of the Board. As previously reported, Pursuant to the terms of that certain voting agreement and Irrevocable Proxy dated April 17, 2015 by and among Internet America, Inc., William E. Ladin, Jr., Ambassador John Palmer, Steven G. Mihaylo and certain entities related to the foregoing persons (the voting agreement), Justin McClure and Dean Greenberg previously tendered their irrevocable resignations as directors of the company, with such resignations to become effective only upon the completion of the First Asset Sale Distribution. The First Asset Sale Distribution was completed, and the resignations of Messrs. McClure and Greenberg became effective, on June 25, 2015.

Internet America, Inc. Declares Dividends on Series A Preferred Stock, Payable on June 15, 2015

On June 11, 2015, the Board of Directors of Internet America, Inc. declared, and approved the payment of, accumulated dividends to the holders of its outstanding Series A Preferred Stock, par value $0.01 per share, through the date of such payment. The dividend payment is expected to occur, if at all, shortly after the closing of the Asset Sale currently anticipated for June 15, 2015.

Internet America, Inc. Announces Board Resignations

Internet America, Inc. announced with the execution of the Purchase Agreement and the Voting Agreement, Messrs. Justin McClure and Dean Greenberg tendered their irrevocable resignations as directors of the company. These resignations are only effective upon the distribution of amounts received by the company in connection with the Purchase Agreement (other than certain amounts held in escrow). There were no disagreements leading to the resignations of Messrs. McClure and Greenberg.


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