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Stock impact report

IZEA Worldwide Adopts Limited-Duration Stockholder Rights Plan [Yahoo! Finance]

IZEA Worldwide, Inc. (IZEA) 
NASDAQ:AMEX Investor Relations: izea.com/investors
Company Research Source: Yahoo! Finance
services for the world's leading brands and agencies, today announced that its Board of Directors have adopted a limited duration stockholder rights plan (the “Rights Plan”) under which stockholders will receive rights to purchase a new series of preferred stock in certain circumstances. The Board of Directors adopted the Rights Plan following the rapid accumulation of stock by a single investor. The Rights Plan is designed to protect all stockholder interests by reducing the likelihood that any person or group could gain control of the Company without appropriately compensating Company stockholders for control. “The Board and management team are committed to acting in the best interests of all of the Company's stockholders. We want investors to realize the full long-term value of their investment and receive fair and equal treatment, and the Rights Plan is designed to ensure this,” said Ted Murphy, Chairman and Chief Executive Officer of IZEA.” The Rights Plan is not intended t Show less Read more
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