|By PR Newswire||
|March 14, 2014 02:04 PM EDT||
NEW YORK, March 14, 2014 /PRNewswire/ -- Juan E. Monteverde, a partner at Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of Winmark Corp. ("Winmark" or the "Company") (NasdaqGM: WINA) for potential breaches of fiduciary duties in connection with their conduct in seeking shareholders' approval for the 2010 Stock Option Plan.
Specifically, in the Proxy Statement filed by the Company with the Securities and Exchange Commission on March 12, 2014, the Board of Directors recommends that Winmark's shareholders vote to approve the issuance of shares of the common stock from 250,000 to 500,000 under the 2010 Stock Option Plan. The issuance of these shares could have a substantial dilutive effect on the shares of Winmark common stock.
Request more information now by clicking here: www.faruqilaw.com/WINA. There is no cost or obligation to you.
Faruqi & Faruqi, LLP is a national law firm which represents investors and individuals in class action litigation. The firm is focused on providing exemplary legal services in complex litigation in the areas of securities, shareholder, antitrust and consumer litigation, throughout all phases of litigation. The firm has an experienced trial team which has achieved significant victories on behalf of the firm's clients. To keep track of the latest securities litigation news, follow us on Twitter at www.twitter.com/MergerActivity or on Facebook at www.facebook.com/FaruqiLaw.
If you own common stock in Winmark and wish to obtain additional information and protect your investments free of charge, please visit us at www.faruqilaw.com/WINA or contact Juan E. Monteverde, Esq. either via e-mail at [email protected] or by telephone at (877) 247-4292 or (212) 983-9330.
Faruqi & Faruqi, LLP
369 Lexington Avenue, 10th Floor
New York, NY 10017
Attn: Juan E. Monteverde, Esq.
Toll Free: (877) 247-4292
Phone: (212) 983-9330
Attorney Advertising. (C) 2014 Faruqi & Faruqi, LLP. The law firm responsible for this advertisement is Faruqi & Faruqi, LLP (www.faruqilaw.com). Prior results do not guarantee or predict a similar outcome with respect to any future matter. We are happy to discuss your particular case.
SOURCE Faruqi & Faruqi, LLP
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