{"id":741520,"date":"2023-03-21T08:12:07","date_gmt":"2023-03-21T12:12:07","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/innovative-solutions-support-inc-urges-shareholders-to-vote-ahead-of-annual-meeting\/"},"modified":"2023-03-21T08:12:07","modified_gmt":"2023-03-21T12:12:07","slug":"innovative-solutions-support-inc-urges-shareholders-to-vote-ahead-of-annual-meeting","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/innovative-solutions-support-inc-urges-shareholders-to-vote-ahead-of-annual-meeting\/","title":{"rendered":"Innovative Solutions & Support, Inc. Urges Shareholders to Vote Ahead of Annual Meeting"},"content":{"rendered":"

<\/p>\n

Innovative Solutions & Support, Inc. Urges Shareholders to Vote Ahead of Annual Meeting<\/b><\/p>\n

Independent proxy advisory firms ISS and Glass Lewis Both Recommend Approval of All Items<\/b><\/p>\n

EXTON, Pa.–(BUSINESS WIRE<\/a>)–
\nInnovative Solutions & Support, Inc. (\u201cIS&S\u201d) (NASDAQ: ISSC) today issued a reminder to shareholders regarding the importance of their vote at its 2023 Annual Meeting, which will be held on April 13, 2023 at 10:00 AM EST. Shareholders are encouraged to refer to the voting instruction forms they received to vote by telephone or internet by the deadline of April 12, 2023 at 11:59 PM EST.\n<\/p>\n

\nIS&S\u2019s Board unanimously recommends that its shareholders vote in favor of all agenda items. Proposal 1, which amends IS&S\u2019s articles to use a majority, rather than a super-majority, voting standard, to provide the Board with more flexibility to exercise its business judgment to evaluate and pursue future opportunities in the Company\u2019s growth and development. This proposal needs the approval of 65% of all shares outstanding. Consequently, the vote of all shareholders, regardless of how many shares they each own is extremely important.\n<\/p>\n

\nIS&S also announced that ISS and Glass Lewis, the world\u2019s two leading independent proxy advisory firms, have both recommended that their institutional clients vote FOR all agenda items.\n<\/p>\n

\nRegarding Proposal 1, the ISS report opined that \u201cThe reduction in the voting requirement to a majority of the common stock from 65 percent of the outstanding shares is a step in the positive direction for the company and represents an enhancement in the company’s corporate governance structure.\u201d\n<\/p>\n

\nIn its recommendation for that proposal, Glass Lewis cited its belief that \u201csupermajority vote requirements act as impediments to takeover proposals and impede shareholders\u2019 ability to approve ballot items that are in their interests.\u201d\n<\/p>\n

\nFor more information on the Company\u2019s Notice of Annual Meeting of Shareholders filing, please visit the Investor Relations page on the IS&S website, or click here<\/a>.\n<\/p>\n

About Innovative Solutions & Support, Inc.<\/b><\/p>\n

\nHeadquartered in Exton, Pa., Innovative Solutions & Support, Inc. (www.innovative-ss.com<\/a>) is a systems integrator that designs and manufactures flight guidance and cockpit display systems for Original Equipment Manufacturers (OEM\u2019s) and retrofit applications. The company supplies integrated Flight Management Systems (FMS), autothrottles and advanced GPS receivers for precision low carbon footprint navigation.\n<\/p>\n

This release may contain certain statements of a forward-looking nature relating to future events. Because such statements include risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking statements due to factors such as those discussed in filings made by the Company with the SEC, and readers are cautioned not to place undue reliance on forward-looking statements. The Company undertakes no obligation to revise or update any forward-looking statements, whether as a result of new information, future events or otherwise.<\/i><\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20230321005291\/en\/<\/a><\/span><\/p>\n

Investor Relations:
\n<\/i>
Michael Callahan
\n
203-682-8311
\n
isscir@icrinc.com<\/a><\/p>\n

Press:
\n<\/i>
Jason Zywalewski
\n
+1 610.646.9800 x609
\n
jzywalewski@innovative-ss.com<\/a><\/p>\n

KEYWORDS:<\/b> United States North America Pennsylvania<\/p>\n

INDUSTRY KEYWORDS:<\/b> Professional Services Business Technology Aerospace Manufacturing Other Technology Other Manufacturing<\/p>\n

MEDIA:<\/b><\/p>\n\n","protected":false},"excerpt":{"rendered":"

Innovative Solutions & Support, Inc. Urges Shareholders to Vote Ahead of Annual Meeting Independent proxy advisory firms ISS and Glass Lewis Both Recommend Approval of All Items EXTON, Pa.–(BUSINESS WIRE)– Innovative Solutions & Support, Inc. (\u201cIS&S\u201d) (NASDAQ: ISSC) today issued a reminder to shareholders regarding the importance of their vote at its 2023 Annual Meeting, which will be held on April 13, 2023 at 10:00 AM EST. Shareholders are encouraged to refer to the voting instruction forms they received to vote by telephone or internet by the deadline of April 12, 2023 at 11:59 PM EST. IS&S\u2019s Board unanimously recommends that its shareholders vote in favor of all agenda items. Proposal 1, which amends IS&S\u2019s articles to use a majority, … <\/p>\n

Continue reading “Innovative Solutions & Support, Inc. Urges Shareholders to Vote Ahead of Annual Meeting”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-741520","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nInnovative Solutions & Support, Inc. 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(\u201cIS&S\u201d) (NASDAQ: ISSC) today issued a reminder to shareholders regarding the importance of their vote at its 2023 Annual Meeting, which will be held on April 13, 2023 at 10:00 AM EST. Shareholders are encouraged to refer to the voting instruction forms they received to vote by telephone or internet by the deadline of April 12, 2023 at 11:59 PM EST. IS&S\u2019s Board unanimously recommends that its shareholders vote in favor of all agenda items. Proposal 1, which amends IS&S\u2019s articles to use a majority, … Continue reading "Innovative Solutions & Support, Inc. 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