NEW YORK--(BUSINESS WIRE)--Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of Pulse Electronics Corporation (“Pulse Electronics” or the “Company”) (NYSE: PULS) for potential breaches of fiduciary duties in connection with their conduct in seeking shareholders’ approval for the amendment and restatement of the Company’s Articles of Incorporation.
Specifically, in the Proxy Statement filed by the Company with the Securities and Exchange Commission on December 17, 2012, the Board of Directors recommends that Pulse Electronics’ shareholders vote to approve an amendment to approve the adoption of Amended and Restated Articles of Incorporation.
The amendment would increase the number of Pulse Electronics’ authorized shares of common stock from 175,000,000 shares to 275,000,000 shares, authorize 1,000 shares of preferred stock and authorize the Board of Directors to create one or more series of Preferred Stock. The issuance of the additional shares could have a substantial dilutive effect on the shares of Pulse Electronics’ common stock.
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If you own common stock in Pulse Electronics and wish to obtain additional information and protect your investments free of charge, please visit us at www.faruqilaw.com/PULS or contact Juan E. Monteverde, Esq. either via e-mail at firstname.lastname@example.org or by telephone at (877) 247-4292 or (212) 983-9330.
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