SADDLE BROOK, N.J.– Smart Balance, Inc. (NASDAQ:SMBL) held a special meeting
of stockholders in Saddle Brook, New Jersey January 21st.
Stockholders approved the two proposals on the agenda. The first proposal was to
approve the Company’s amended stock and awards plan, which has been revised to
include provisions designed to make future grants “qualified performance-based
compensation” under IRS code. The second proposal was to approve stock option
awards to certain executives under the amended plan that were previously granted
under the original plan. Aside from the approval of the prior stock option
awards to certain executives, no new awards were granted by adoption of either
proposal.
About Smart Balance, Inc.
Smart Balance, Inc. (NASDAQ:SMBL) is committed to providing superior tasting
heart healthier alternatives in every category it enters by avoiding trans fats
naturally, balancing fats and/or reducing saturated fats, total fat and
cholesterol. The company markets the Smart Balance line of products, which
include Smart Balance Buttery Spreads, Milk, Butter Blend Sticks, Sour Cream,
Peanut Butter, Microwave Popcorn, Cooking Oil, Mayonnaise, Non-Stick Cooking
Spray and Cheese, and also markets natural food products under the Earth
Balance brand and healthier lifestyle products under the Bestlife(TM) brand.
For more information about Smart Balance, Inc., Smart Balance products and the
Smart Balance(TM) Food Plan, please visit
http://www.smartbalance.com/.
Source:
Smart Balance
