Company News »

Imation Announces Preliminary Results of Annual Meeting of Shareholders

Business Wire
Share on StockTwits
Published on

Imation (NYSE:IMN) (the “Company”), a global data storage and information security company, today announced that, based on the preliminary vote count provided by its proxy solicitor following the Company’s 2015 Annual Meeting (“Annual Meeting”), shareholders have voted to elect to the Board of Directors (the “Board”) the three nominees proposed by Clinton Group, Inc. (“Clinton”): Joseph A. De Perio, Robert B. Fernander and Barry L. Kasoff. These three individuals will replace outgoing Directors Mark E. Lucas, L. White Matthews, III and David B. Stevens.

Imation’s Chief Executive Officer, Mark Lucas, commented, “We thank all of our shareholders for their participation throughout this process. We look forward to working collaboratively with our new and existing directors to maximize shareholder value for all shareholders, including completing the fulsome review of strategic alternatives.”

Speaking on behalf of Imation’s outgoing directors, L. White Matthews, III, the Non-Executive Chairman of Imation’s Board, said, “We are proud to have served on the Imation Board and to have helped the Company with its evolution into a leading provider of enterprise and commercial data storage and security solutions. We are confident the reconstituted Board and management will continue to build upon this progress and position Imation for a bright future. On behalf of the outgoing Directors, it has been our privilege to serve our fellow shareholders.”

Mr. Lucas continued, “White and David have shown outstanding leadership and dedication to Imation and I thank them on behalf of all our shareholders for their service to the Company over the years.”

Imation noted that the preliminary vote count following the Annual Meeting also indicates that shareholders voted Against the nonbinding advisory vote on the Company’s executive compensation and For the ratification of the appointment of PricewaterhouseCoopers LLP as the Company’s independent registered public accounting firm for the fiscal year 2015.

About Imation

Imation (NYSE:IMN) is a global data storage and information security company. Our products and solutions help organizations and individuals store, manage and protect their digital content. Imation’s storage and security portfolio includes Nexsan high-density, archive and solid-state optimized unified hybrid storage solutions; IronKeyTM mobile security solutions that address the needs of professionals for secure data transport and mobile workspaces; and consumer storage solutions, audio products and accessories sold under the Imation, Memorex and TDK Life on Record brands. Imation reaches customers in more than 100 countries through a powerful global distribution network. For more information, visit

Share on StockTwits