ATLANTA--(BUSINESS WIRE)--American Software, Inc. (NASDAQ: AMSWA) announced at its Annual Shareholders Meeting held on August 19, 2013, that the meeting would be temporarily adjourned in order to postpone the completion of the vote on Proposal No. 4 (more fully described in the Company’s Proxy Statement filed on July 25, 2013) dealing with an Amendment to the Company’s 2011 Equity Compensation Plan (the “Plan”). The amendment, if adopted, would increase the number of Class A Common Shares subject to the Plan by 1,200,000 shares.
The adjournment is intended to allow shareholders to consider supplemental information the Company filed with the United States Securities and Exchange Commission on August 16, 2013 and, if they wish, to change their votes previously submitted on this issue. The meeting is now scheduled to reconvene solely for the purpose of completing the voting in regard to Proposal No. 4, on September 18, 2013 at 3:00 p.m. at the Company’s offices located at 470 East Paces Ferry Road, N.E., Atlanta, Georgia. The supplemental information related to Proposal No. 4 may be viewed at our website at www.amsoftware.com or at http://www.sec.gov/Archives/edgar/data/713425/000119312513338493/d587793ddefa14a.htm.
All other business scheduled for consideration at the original meeting was concluded.
About American Software, Inc.
Atlanta-based American Software (NASDAQ: AMSWA) provides demand-driven supply chain management and enterprise software solutions, backed by more than 40 years of industry experience, that drive value for companies regardless of market conditions. Logility, Inc., a wholly-owned subsidiary of American Software, is a leading provider of collaborative solutions to optimize the supply chain. Logility Voyager Solutions™ is a complete supply chain management solution suite that features a performance monitoring architecture and provides supply chain visibility; demand, inventory and replenishment planning; sales and operations planning (S&OP); supply and inventory optimization; manufacturing planning and scheduling; transportation planning and management; and warehouse management. Logility customers include Fender Musical Instruments, Hewlett-Packard, Parker Hannifin, Sigma-Aldrich, Verizon Wireless, and VF Corporation. Demand Management, Inc., a wholly-owned subsidiary of Logility, delivers supply chain solutions to small and midsized manufacturers, distributors and retailers. Demand Management’s Demand Solutions® suite is widely deployed and globally recognized for forecasting, demand planning and point-of-sale analysis. Demand Management serves customers such as Avery Dennison Corporation and Lonely Planet. New Generation Computing® (NGC®), a wholly-owned subsidiary of American Software, is a leading provider of PLM, supply chain management, ERP and product testing software and services for brand owners, retailers and consumer products companies. NGC customers include A|X Armani Exchange, Aeropostale, Billabong, Carter’s, Casual Male, Hugo Boss, Jos. A. Bank, FGL Group, Spanx, Athletica, Marchon Eyewear, and Swatfame. For more information about American Software, please visit www.amsoftware.com, call (800) 726-2946 or email: email@example.com.
This press release contains forward-looking statements that are subject to substantial risks and uncertainties. There are a number of factors that could cause actual results to differ materially from those anticipated by statements made herein. These factors include, but are not limited to, changes in general economic conditions, technology and the market for the Company's products and services, including economic conditions within the e-commerce markets; the timely availability and market acceptance of these products and services; the Company’s ability to satisfy in a timely manner all SEC required filings and the requirements of Section 404 of the Sarbanes-Oxley Act of 2002 and the rules and regulations adopted under that Section; the challenges and risks associated with integration of acquired product lines and companies; the effect of competitive products and pricing; the uncertainty of the viability and effectiveness of strategic alliances; and the irregular pattern of the Company's revenues. For further information about risks the Company could experience as well as other information, please refer to the Company's current Form 10-K and other reports and documents subsequently filed with the Securities and Exchange Commission. For more information, contact: Vincent C. Klinges, Chief Financial Officer, American Software, Inc., (404) 264-5477 or fax: (404) 237-8868.
e-Intelliprise is a trademark of American Software, Logility is a registered trademark and Logility Voyager Solutions is a trademark of Logility, Demand Solutions is a registered trademark of Demand Management.. Other products mentioned in this document are registered, trademarked or service marked by their respective owners.