DALLAS, July 2 /PRNewswire/ -- Global Industrial Technologies, Inc.
(NYSE: GIX) today reported the final certified results of shareholder voting
on the proxy questions brought before the annual meeting of Global
shareholders.
As previously reported, Ronald LaBow was elected and is qualified as a
director of Global. Also, two non-binding shareholder resolutions concerning
de-staggering the board of directors and redeeming Global's Stockholder Rights
Plan were passed by Global shareholders.
Rawles Fulgham, Global Chairman and Chief Executive Officer, stated, "In
addition to continuing to pursue and implement our business plan, the company
is currently in negotiations with a third party concerning a possible sale of
Global. Accordingly, Global's board of directors will consider the results of
the annual meeting in light of current circumstances."
Global is a major manufacturer of technologically advanced industrial
products that support high-growth markets around the world. Products include
modular cells for refining nonferrous metals; premium refractories for lining
heat-containing industrial vessels such as steel furnaces; raw materials used
to make refractory products; processing and recycling equipment.
SOURCE Global Industrial Technologies, Inc.
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http://www.prnewswire.com/gix
Company News On-Call:
http://www.prnewswire.com/comp/422169.html or fax,
800-758-5804, ext. 422169
CONTACT:
George Pasley, V. P. Communications of Global
Industrial Technologies, Inc., 214-953-4510
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