Coinstar, Inc. Announces Results of Annual Meeting
Stockholders Approve Proposal to Change Company Name to Outerwall Inc.
BELLEVUE, Wash., June 27, 2013 /PRNewswire/ -- Coinstar, Inc. (Nasdaq: CSTR) announced the results of the company's annual meeting of stockholders held today. Coinstar stockholders approved an amendment to the Restated Certificate of Incorporation to change the name of the company to Outerwall Inc. The company will begin trading under its new name Outerwall Inc. and new NASDAQ ticker symbol OUTR on July 2, 2013.
Stockholders also elected two directors; approved, on an advisory basis, the compensation of the company's named executive officers; and ratified the audit committee's appointment of KPMG LLP as the company's independent registered public accounting firm.
Additional information on voting results will be reported in a current report on Form 8-K, which the company expects to file with the Securities and Exchange Commission on July 2, 2013.
About Coinstar, Inc.
Coinstar, Inc. (Nasdaq: CSTR) is a leading provider of automated retail solutions offering convenient products and services that make life easier for consumers and drive incremental traffic and revenue for retailers. The company's core automated retail businesses include the well-known Redbox® self-service DVD and video game rental and Coinstar® self-service coin-counting brands. The company also identifies and develops innovative self-service concepts in its New Ventures segment. The company's kiosks are located in supermarkets, drug stores, mass merchants, financial institutions, convenience stores, and restaurants. For more information, visit www.coinstarinc.com.
Safe Harbor for Forward-Looking Statements
Certain statements in this press release are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. The words "believe," "will," "expect," "intend," "anticipate" and variations of such words, and similar expressions identify forward-looking statements, but their absence does not mean that a statement is not forward-looking. The forward-looking statements in this release include statements regarding Coinstar's name change and related matters. Forward-looking statements are not guarantees of future actions, results, performance or events, which may vary materially from those expressed or implied in such statements. Differences may result from actions taken by Coinstar or Redbox or their management, as well as from risks and uncertainties beyond Coinstar's control. For more information on factors that may affect Coinstar, please review "Risk Factors" and other disclosures described in Coinstar's most recent Annual Report on Form 10-K and subsequent Quarterly Reports on Form 10-Q filed with the Securities and Exchange Commission, as well as other public filings with the Securities and Exchange Commission. These forward-looking statements reflect Coinstar's expectations as of the date of this release. Coinstar undertakes no obligation to update the information provided herein.
SOURCE Coinstar, Inc.