Morgans Hotel Group Announces Results from Special Stockholders Meeting

For a better experience on our website and avoid any trouble, we strongly recommand to activate Javascript (click here).

< Previous news

Next news >

Morgans Hotel Group Announces Results from Special Stockholders Meeting
	Morgans Hotel Group Announces Results from Special Stockholders Meeting
Category: Worldwide - Industry economy - Figures / Studies This is a press release selected by our editorial committee and published online for free on 2010-01-29 Morgans Hotel Group Co. (NASDAQ: MHGC) (“MHG”) announced the following results of its special meeting of stockholders held earlier today in New York City. Proposal 1. Stockholders approved the full exercise of warrants issued to an affiliate of The Yucaipa Companies, LLC (“Yucaipa”) in a transaction announced on October 15, 2009. For more information about this transaction please see MHG’s Current Report on Form 8-K filed with the Securities and Exchange Commission on October 16, 2009. Proposal 2. Stockholders approved an amendment to MHG’s Amended and Restated 2007 Omnibus Incentive Plan to increase the number of shares reserved for issuance thereunder.