On February 22, 2008, Taylor Devices, Inc. ("Taylor") and Tayco Developments, Inc. ("Tayco") each held a Special Meeting of their respective shareholders to vote upon the pending merger of Tayco with and into Taylor.
Of the 3,156,061 shares of Taylor Devices, Inc. common stock outstanding as of January 11, 2008, the holders of approximately 1,836,489 shares, or 58.2%, voted for the approval of the merger, 31,264 shares, or 1.0%, voted against the merger and 3,539 shares, or 0.1% abstained.
A vote of 66 2/3% of the total shares outstanding, or 2,104,041 shares, is required to approve the merger. Consequently, Taylor adjourned the meeting until March 28, 2008 in order to solicit the remaining votes needed for approval. The Special Meeting of Shareholders will be held at 9:00 am in the Company's Conference Room, 90 Taylor Drive, North Tonawanda, New York.
The shareholders of Tayco Developments, Inc. voted 770,708 shares, or 78.0%, for the approval of the merger, 1,519 shares, or 0.2%, voted against the merger and 133 shares, or .01%, abstained. The Agreement and Plan of Merger was passed on behalf of the Tayco shareholders.
Taylor's website can be visited at: www.taylordevices.com
Section 9 - Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
Exhibit No. Description
|
|
99.1 |
Form of Proxy |
|
99.2 |
Adjournment Letter to Shareholders |
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
TAYLOR DEVICES, INC.
(registrant)
DATED: February 28, 2008
By: /s/Douglas P.
Taylor
Douglas P. Taylor, President
and Chief Executive Officer