Shareholders Re-Elect Board of Directors
SALT LAKE CITY--(BUSINESS WIRE)--
USA
Technologies, Inc. (NASDAQ: USAT), a leader of wireless, cashless
payment and M2M telemetry solutions for small-ticket, self-serve
retailing industries, today announced the results of its Annual Meeting
of Shareholders, held earlier today in Salt Lake City, Utah.
At the meeting:
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all USA
Technologies' directors (Deborah G. Arnold, Steven D. Barnhart,
Joel Brooks, Stephen P. Herbert, Albin F. Moschner, Frank A. Petito
III, Jack E. Price, William J. Reilly, Jr., and William J. Schoch)
were re-elected for an annual term;
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USA Technologies' 2013 Stock Incentive Plan was approved;
-
USA Technologies' advisory vote on named executive officer
compensation was approved, and shareholders voted on an advisory basis
to hold such advisory vote every one year; and,
-
the appointment of McGladrey LLP as the independent registered public
accounting firm of USA Technologies for fiscal year ending June 30,
2013 was ratified.
In addition, USA Technologies' Chairman and Chief Executive Officer,
Stephen P. Herbert, provided an overview of USAT's progress against its
key growth platforms—accelerating adoption within its existing base of
over 4,500 customers; expanded distribution and sales reach, including
its new relationship with Betson Enterprises that targets the
coin-operated amusement and gaming market; expansion into other vertical
markets, such as USAT's recent announcement with Setomatic Systems; and,
new consumer engagement services designed to enable customers to
leverage the benefits of loyalty and other services to differentiate
their brand. Interested parties may view the slide presentation on the
investor relations section of USA Technologies' website, under Events
and Presentations.
About USA Technologies:
USA Technologies is a leader of wireless, cashless payment and M2M
telemetry solutions for small-ticket, self-serve retailing industries.
ePort Connect® is the company's flagship service platform, a
PCI-compliant, end-to-end suite of cashless payment and telemetry
services specially tailored to fit the needs of small ticket,
self-service retailing industries. USA Technologies also provides a
broad line of cashless acceptance technologies including its NFC-ready
ePort® G8, ePort Mobile™ for customers on the go, and QuickConnect™, an
API Web service for developers. USA Technologies has been granted 85
patents; and has agreements with Verizon, Visa, Elavon and customers
such as Compass, Crane, AMI Entertainment and others. Visit the website
at www.usatech.com.
G-USAT
USA Technologies, Inc.
Veronica Rosa
VP Corp. Comm. & Investor
Relations
484-359-2138
vrosa@usatech.com
Source: USA Technologies, Inc.
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