SADDLE BROOK, N.J., Jan. 21 /PRNewswire-FirstCall/ -- Smart Balance, Inc. (Nasdaq: SMBL) today held a special meeting of stockholders in Saddle Brook, New Jersey.
Stockholders approved the two proposals on the agenda. The first proposal was to approve the Company's amended stock and awards plan, which has been revised to include provisions designed to make future grants "qualified performance-based compensation" under IRS code. The second proposal was to approve stock option awards to certain executives under the amended plan that were previously granted under the original plan. Aside from the approval of the prior stock option awards to certain executives, no new awards were granted by adoption of either proposal.
About Smart Balance, Inc.
Smart Balance, Inc. (Nasdaq: SMBL) is committed to providing superior tasting heart healthier alternatives in every category it enters by avoiding trans fats naturally, balancing fats and/or reducing saturated fats, total fat and cholesterol. The company markets the Smart Balance® line of products, which include Smart Balance® Buttery Spreads, Milk, Butter Blend Sticks, Sour Cream, Peanut Butter, Microwave Popcorn, Cooking Oil, Mayonnaise, Non-Stick Cooking Spray and Cheese, and also markets natural food products under the Earth Balance® brand and healthier lifestyle products under the Bestlife™ brand.
For more information about Smart Balance, Inc., Smart Balance® products and the Smart Balance™ Food Plan, please visit http://www.smartbalance.com.
SOURCE Smart Balance
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Stockholders approved the two proposals on the agenda. The first proposal was to approve the Company's amended stock and awards plan, which has been revised to include provisions designed to make future grants "qualified performance-based compensation" under IRS code. The second proposal was to approve stock option awards to certain executives under the amended plan that were previously granted under the original plan. Aside from the approval of the prior stock option awards to certain executives, no new awards were granted by adoption of either proposal.
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About Smart Balance, Inc.
Smart Balance, Inc. (Nasdaq: SMBL) is committed to providing superior tasting heart healthier alternatives in every category it enters by avoiding trans fats naturally, balancing fats and/or reducing saturated fats, total fat and cholesterol. The company markets the Smart Balance® line of products, which include Smart Balance® Buttery Spreads, Milk, Butter Blend Sticks, Sour Cream, Peanut Butter, Microwave Popcorn, Cooking Oil, Mayonnaise, Non-Stick Cooking Spray and Cheese, and also markets natural food products under the Earth Balance® brand and healthier lifestyle products under the Bestlife™ brand.
For more information about Smart Balance, Inc., Smart Balance® products and the Smart Balance™ Food Plan, please visit http://www.smartbalance.com.
SOURCE Smart Balance
