WEB EXCLUSIVE: Encompass Announces Date For Special Shareholders Meeting
Encompass Services Corp. announced that a special meeting of shareholders will be held Oct. 15, 2002. Earlier the company had reported that it would seek shareholder approval to effect a reverse stock split at a ratio between one for five and one for 15, to be determined by the board.
Shareholders of record on Sept. 13, 2002, will be entitled to attend and vote.
The New York Stock Exchange notified Encompass in late July that it is subject to de-listing from the exchange since its stock has traded below the $1 average minimum requirement for more than 30 consecutive days.