The Shareholders Foundation announces that an investigation on behalf of current investors in shares of BG Staffing Inc (NYSEMKT:BGSF) was announced over potential breaches of fiduciary duties by certain officers and directors at BG Staffing Inc in connection with the upcoming shareholder vote on May 7, 2015.
Investors who purchased shares of BG Staffing Inc (NYSEMKT:BGSF) and currently hold any of those NYSEMKT:BGSF shares have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 – 1554.
The investigation by a law firm concerns whether certain BG Staffing officers and directors breached their fiduciary duties owed to NYSEMKT:BGSF shareholders.
On May 7, 2015, BG Staffing Inc will hold its annual meeting of stockholders. Among other things, BG Staffing Inc is asking shareholders to vote to amend BG Staffing’s Bylaws to provide for reimbursement to the Company and certain other persons of litigation expenses with respect to unsuccessful proceedings involving stockholders and certain other persons.
However, according to the investigation the proposed changes to BG Staffing’s Bylaws are not in the best interest of NYSEMKT:BGSF stockholders and could cause financial damages to NYSEMKT:BGSF stockholders in the long run.
On April 17, 2015, shares of BG Staffing Inc (NYSEMKT:BGSF) closed at $13.00 per share.
Those who purchased shares of BG Staffing Inc (NYSEMKT:BGSF) and currently hold any of their NYSEMKT:BGSF shares have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North – Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com