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News Details (Posted: December 11, 2006):
SED'S BOARD OF DIRECTOR APPROVES REVERSE STOCK SPLIT
Full Description:
SED International Holdings, Inc. (Pink Sheets: SECX), today announced that its Board of Directors has approved, subject to shareholder approval at a Special Meeting, an amendment to SED's Certificate of Incorporation to implement a reverse stock split of its issued and outstanding shares of Common Stock, par value $.01 per share, at a range of one-for-fifty to one-for-one hundred shares at anytime prior to the end of the Company's fiscal year ending June 30, 2007.
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