2014

Leatt Holds 2011 Annual Meeting of Shareholders Shareholders Approve Reverse Split of Common Stock

CAPE TOWN, South Africa, Dec. 23, 2011 /PRNewswire/ -- Leatt Corporation (OTC: LEAT.PK), a global developer, marketer and distributor of the Leatt-Brace®, a neck brace system designed to help prevent potentially devastating injuries to the cervical spine (neck) for helmeted sports, today announced that it held and webcast its 2011 Annual Meeting of Shareholders this morning as scheduled. A quorum of shareholders was present in person or by proxy.

With over 291 million total shares voted at the Meeting, four proposals were approved by an overwhelming majority of the votes cast. The strong affirmation was led by the proposal to affect a reverse split of the Company's Common Stock at a ratio of between 1-for-5 and 1-for-25, to be determined by the Company's Board of Directors on or before December 22, 2012. The other resolutions that carried consisted of election of four (4) directors to the Board of Directors, Dr. Christopher Leatt, Sean Macdonald, Zafiris M. Zafiropoulos and Jeffrey J. Guzy; the ratification of Fitzgerald & Co., CPAs, PC, as the Company's independent registered public accounting firm for the year ending December 31, 2011; and the adoption of the Company's 2011 Equity Incentive Plan.

About Leatt Corporation: 

Leatt Corporation develops, markets and distributes personal protective equipment and ancillary products for all forms of sports, especially extreme motor sports. The Leatt-Brace® is an award-winning neck brace system considered the gold standard for neck protection for anyone wearing a crash helmet as a form of protection. It was designed for participants in extreme sports or riding motorcycles, bicycles, mountain bicycles, all-terrain vehicles, snowmobiles and other vehicles.  

For more information, visit: www.leatt-corp.com | www.leatt.com

Contacts

Allen & Caron, Inc.

Rudy Barrio (Investors)
r.barrio@allencaron.com
(212) 691-8087

Len Hall (Media)
len@allencaron.com
(949) 474-4300

 

 

 

SOURCE Leatt Corporation



RELATED LINKS
http://www.leatt-corp.com
http://www.leatt.com

More by this Source


Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

 

PR Newswire Membership

Fill out a PR Newswire membership form or contact us at (888) 776-0942.

Learn about PR Newswire services

Request more information about PR Newswire products and services or call us at (888) 776-0942.