Trans-Lux files draft information statement
TNLX•Trans-Lux will seek shareholder approval on December 10, 2026, to rename itself Fairplay Systems and amend its governance provisions. Its two largest shareholders, who hold more than 82.6% of voting power, intend to support the amendments.
1. Proposed amendments
The proposed changes would remove 80% approval requirements for transactions with major shareholders, eliminate staggered director terms and remove preferred stock designations. They would make 2,500,000 preferred shares available for designation and issuance.
