Orckit Announces 2011 Annual General Meeting
September 01 2011 - 9:05AM
Orckit Communications Ltd. (Nasdaq:ORCT) today announced that its
Annual General Meeting of Shareholders will be held on Thursday,
October 6, 2011 at 3:00 p.m. (Israel time), at the offices of the
Company, 126 Yigal Allon Street, Tel Aviv, Israel. The record date
for the meeting is September 6, 2011. Proxy statements describing
the various matters on the agenda and proxy cards for use by
shareholders that cannot attend the meeting in person will be sent
by the mail to the Company's shareholders that hold shares
registered with the American Stock Transfer & Trust Company,
including shares held via DTC members.
The agenda of the meeting is as follows:
(1) re-election of Eric Paneth, Izhak Tamir,
Jed M. Arkin and Moti Motil as directors;
(2) re-election of Moshe Nir and
Amiram Levinberg as outside directors and election of Naomi
Steinfeld as a outside director;
(3) approval of compensation to the
Company's non-employee directors;
(4) approval of amendments to the
Company's Articles of Association;
(5) approval of a form of amended
indemnification letter in favor of directors;
(6) reappointment of Kesselman &
Kesselman, a member of PricewaterhouseCoopers International
Limited, as our independent auditors; and
(7) consideration of our audited
financial statements for the year ended December 31, 2010.
Item 1 and Item 4 require the approval of the holders
of 66-2/3% of the shares present, in person or by proxy, and voting
on the matter. Items 2, 3, 5 and 6 require the approval of the
holders of a majority of the shares present, in person or by proxy,
and voting on the matter. Item 7 will not involve a vote of
the shareholders.
About Orckit Communications Ltd.
Orckit facilitates the delivery by telecommunication
providers of high capacity broadband residential, business and
mobile services over wireline or wireless networks with its
Orckit-Corrigent family of products. With 20 years of field
experience with Tier-1 customers located around the
world, Orckit has a firm foothold in the ever-developing world
of telecommunications. Orckit-Corrigent's product portfolio
includes Packet Transport Network (PTN) switches, an MPLS and
MPLS-TP dual stack based portfolio enabling advanced packet, as
well as legacy services over packet networks with a wide set of
transport features. Orckit-Corrigent markets its products directly
and indirectly through strategic alliances, as well as through
distribution and reseller partners worldwide. Orckit was founded in
1990 and became publicly traded in 1996. Orckit is dually listed on
NasdaqGM (ORCT) and the Tel Aviv Stock Exchange and is
headquartered in Tel-Aviv, Israel.
For more information, please visit
http://www.orckit.com. Follow Orckit on Twitter @ORCT
CONTACT: KCSA Strategic Communications
Investors, Analysts and Portfolio Managers
Rob Fink
(212) 682-6300 ext. 206
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