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IMAGEWARE SYSTEMS INC FILES (8-K) Disclosing Submission of Matters to a Vote of Security Holders

July 22, 2014



Item 5.07 Submission of Matters to a Vote of Security Holders.

On July 1, 2014, ImageWare Systems, Inc. (the "Company") began soliciting written consents from its shareholders pursuant to the Consent Solicitation Statement on Schedule 14A filed with the Securities and Exchange Commission on July 1, 2014 (the "Consent Solicitation Statement"), to approve an amendment to the Company's 1999 Stock Option Plan (the "1999 Plan") to increase the number of shares authorized for issuance thereunder from approximately 4.0 million to approximately 7.0 million (the "Amendment"). As of July 21, 2014, the Company had received written consents approving the Amendment from shareholders holding 48,948,236 shares of common stock and Series B Preferred Stock, or over 50% of the Company's stockholders. As such, the Amendment was approved and the consent period is now closed.

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Source: Edgar Glimpses


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