Pulse Electronics Corporation PULS today commented on reports issued by the two leading independent proxy advisory firms – Institutional Shareholder Services Inc. and Glass Lewis & Co. – which each recommend that shareholders vote on the WHITE proxy card “FOR ALL” of the Company's Board of Director nominees and all other Company proposals submitted for approval at the Company's Annual Meeting of Shareholders on May 18, 2011. The analyses and reports of these independent firms are relied upon by hundreds of major institutional investment firms, mutual and pension funds, and other fiduciaries.
Ralph Faison, Pulse Chairman and Chief Executive Officer, said, “We are pleased that both ISS and Glass Lewis recommend that Pulse shareholders vote for all of Pulse's director nominees and recognize the inadequacy, risk and uncertainty inherent in Bel Fuse's $6.00 per share proposal. All of Pulse's director nominees bring important qualifications and expertise and are committed to acting in shareholders' best interests. We urge shareholders to follow ISS and Glass Lewis' recommendations and use the WHITE proxy card we've provided to elect all of Pulse's nominees.”
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