MGT Capital Shareholders approve all proposals at the 2016 annual meeting

MGT Capital Investments, Inc. (NYSE MKT: MGT) has announced that its shareholders approved all eight proposals voted at the company’s 2016 Annual Meeting of Stockholders.

John McAfee, Executive Chairman of MGT, stated:

We are pleased to have received overwhelming shareholder approval for the proposals at this year’s annual meeting of stockholders, including the proposals that allow the Board of Directors to move ahead with our plans to transition into an innovative cybersecurity company. We will be able to execute upon these activities and implement the next phase of our strategy, bringing us one step closer to becoming a game-changing force in the cybersecurity industry.”

The approved proposals include:

  • Authorizing the issuance of 43,800,000 shares of Common Stock in relation to the proposed acquisition of D-Vasive and Demonsaw;
  • Ratification of the employment agreements for Mr. John McAfee and Mr. Robert Ladd;
  • Ratification of the amendment to the Company’s Restated Certificate of Incorporation to change its name to “John McAfee Global Technologies, Inc.”

All eight proposals are described in detail in MGT’s definitive proxy statement for the meeting, which was filed with the Securities and Exchange Commission on August 15, 2016. The proxy can be accessed via the company’s website.

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