AFOP Announces Special Stockholder Meeting on October 21, 2013
August 30 2013 - 4:05PM
Alliance Fiber Optic Products, Inc. (Nasdaq:AFOP), an innovative
supplier of fiber optic components, subsystems and integrated
modules for the optical network equipment market, today announced
that it will hold a special stockholder meeting on October 21,
2013.
The purpose of the Special Meeting is to consider and to vote on
three proposals: to increase the number of shares of authorized
Common Stock from 20,000,000 to 100,000,000 shares, to increase by
900,000 the number of shares available for issuance under the 2000
Stock Incentive Plan, and to adjourn the special meeting, if
necessary, to solicit additional proxies in the event there are
insufficient votes at the time of the special meeting to approve
one or both of the other proposals.
Peter Chang, President and Chief Executive Officer, commented,
"With our record financial performance and upcoming 2 for 1 stock
split, we believe the approval of these proposals will help support
business growth and serve our stockholders' interests."
A proxy statement and proxy will be sent to stockholders of
record as of September 5, 2013, the record date for the special
meeting. The proxy materials contain important information about
the proposals; stockholders are urged to read the materials
carefully before deciding how to vote.
About AFOP
Founded in 1995, Alliance Fiber Optic Products, Inc. designs,
manufactures and markets a broad range of high performance fiber
optic components and integrated modules. AFOP's products are used
by leading and emerging communications equipment manufacturers to
deliver optical networking systems to the long-haul, enterprise,
metropolitan and last mile access segments of the communications
network. AFOP offers a broad product line of passive optical
components including connectivity systems, couplers and splitters,
thin film CWDM and DWDM components and modules, optical
attenuators, and micro-optics devices. AFOP is headquartered
in Sunnyvale, California, with manufacturing and product
development capabilities in the United States, Taiwan and China.
AFOP's website is located at http://www.afop.com.
Except for the historical information contained herein, the
matters set forth in this press release, including statements as to
our expectations regarding the expectation that approval of the
proposals will help support the growth of the company's business
and serve the interests of stockholders and other factors that may
contribute to these benefits are forward looking statements within
the meaning of the "safe harbor" provisions of the Private
Securities Litigation Reform Act of 1995. These forward-looking
statements are subject to risks and uncertainties that may cause
actual results to differ materially, including, but not limited to
general economic conditions and trends, trends in demand for
bandwith, the impact of competitive products and pricing, timely
introduction of new technologies, timely design acceptance by our
customers, the acceptance of new products and technologies by our
customers, customer demand for our products, the timing of customer
orders, loss of key customers, our ability to ramp new products
into volume production, the mix of products sold and product
pricing, the costs associated with running our operations,
industry-wide shifts in supply and demand for optical components
and modules, industry overcapacity and demand for bandwith, the
success of cost control initiatives, our ability to obtain and
maintain operational efficiencies, financial stability in foreign
markets, and other risks detailed from time to time in our SEC
reports, including AFOP's quarterly report on Form 10-Q for the
quarter ended June 30, 2013. These forward-looking statements speak
only as of the date hereof. AFOP disclaims any intention or
obligation to update or revise any forward-looking statements.
CONTACT: Anita Ho
Acting Chief Financial Officer
Alliance Fiber Optic Products, Inc.
Phone: 408-736-6900 x168
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