NEW YORK, April 11, 2014 /PRNewswire/ -- Juan E. Monteverde, a partner at Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of Exactech, Inc. ("Exactech" or the "Company") (NasdaqGS: EXAC) for potential breaches of fiduciary duties in connection with their conduct in seeking shareholders' approval of the Amended and Restated Exactech, Inc. 2009 Executive Incentive Compensation Plan.
Specifically, in the Proxy Statement filed by the Company with the Securities and Exchange Commission on March 27, 2014, the Board of Directors recommends that Exactech's shareholders vote to approve the Amended and Restated Exactech, Inc. 2009 Executive Incentive Compensation Plan to authorize an increase in the number of shares of the common stock by 1,500,000. The issuance of the additional shares could have a substantial dilutive effect on the shares of Exactech common stock.
Faruqi & Faruqi, LLP is a national law firm which represents investors and individuals in class action litigation. The firm is focused on providing exemplary legal services in complex litigation in the areas of securities, shareholder, antitrust and consumer litigation, throughout all phases of litigation. The firm has an experienced trial team which has achieved significant victories on behalf of the firm's clients. To keep track of the latest securities litigation news, follow us on Twitter at www.twitter.com/MergerActivity or on Facebook at www.facebook.com/FaruqiLaw.
If you own common stock in Exactech and wish to obtain additional information and protect your investments free of charge, please visit us at www.faruqilaw.com/EXAC or contact Juan E. Monteverde, Esq. either via e-mail at [email protected] or by telephone at (877) 247-4292 or (212) 983-9330.
Faruqi & Faruqi, LLP 369 Lexington Avenue, 10th Floor New York, NY 10017 Attn: Juan E. Monteverde, Esq. [email protected] Toll Free: (877) 247-4292 Phone: (212) 983-9330
Attorney Advertising. (C) 2014 Faruqi & Faruqi, LLP. The law firm responsible for this advertisement is Faruqi & Faruqi, LLP (www.faruqilaw.com). Prior results do not guarantee or predict a similar outcome with respect to any future matter. We are happy to discuss your particular case.