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Laser Medical

This article was originally published in The Gray Sheet

Executive Summary

Four directors will remain at the firm following the resolution of a proxy contest: Guy Levy, PhD, Laser Medical's founder and CEO; Federico Pignatelli; Richard Keates, PhD; and Shirley McGarvey. The company anticipates that four independent directors will be elected to the board within the next five weeks. A proposal to adopt "a classified (or 'staggered') board" of directors will be presented at Laser Medical's annual shareholders meeting in April. Laser Medical and Levy have also arranged employment and non-competition agreements.
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