Compliance: GSI Group Reschedules Shareholder Meeting
September 10, 2010 (FinancialWire) (Go to http://www.financialwire.net/?s=ftrdnwswnd for all of today’s featured news.) — GSI Group Inc. (OTC: LASR) said that it has moved its annual meeting of shareholders to November 23, from its previously scheduled date of September 30.
The company said it expects to set October 18 as the record date for this meeting. GSI also said that it expects to file its annual report for the year ended December 31, 2009 and quarterly reports on Form 10-Q for the fiscal quarters ended April 3, July 3, and October 2, 2009, on or before October 15, 2010, thereby providing shareholders with 2009 financial information prior to the annual meeting.
Additionally, GSI expects to file its Quarterly Reports on Form 10-Q for the fiscal quarters ended April 2, July 2, and October 1, 2010, on or before December 31, 2010.
GSI said that, for the second quarter of 2010, bookings were around $100 million, compared to bookings of around $95 million in the first quarter of 2010 and around $40 million in the second quarter of 2009.
At July 2, 2010, the company's consolidated backlog was around $100 million.
The GSI board of directors recently retained the executive recruiting firm Lancor Partners LLC to assist in identifying and recruiting a permanent CEO for the company.
Massachusetts-based GSI Group supplies technology to the global medical, electronics, and industrial markets and semiconductor systems.
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