Keynote Systems (Nasdaq: KEYN), the global leader in on-demand mobile and Internet test & measurement solutions for continuously improving the online experience, announced today at its Annual Meeting of Stockholders at its executive offices, located at 777 Mariners Island Boulevard in San Mateo, California, that the Annual Meeting of Stockholders has been adjourned with respect to Proposal No. 2, a proposal to extend the term of its 1999 Equity Incentive Plan (the “Plan”).
The directors identified in the proxy statement for the Annual Meeting were elected for another term and the other proposals on the agenda for the Annual Meeting of Stockholders passed. The adjournment with respect to Proposal No. 2 will be until 10:00 a.m., Pacific Time, on Friday, March 6, 2009 at its executive offices at 777 Mariners Island Boulevard in San Mateo, California. At that meeting, a stockholder vote to approve the extension of the term of the Plan will take place.
As of February 27, approximately 12 million of the approximately 14.1 million outstanding shares have been voted, with approximately 48.3% of votes cast in favor of extending the Plan and approximately 51.7% against. The meeting is being adjourned to provide Keynote with additional time to solicit proxies from its stockholders. During the pendency of the adjourned meeting, stockholders are encouraged to vote on Proposal No. 2. Stockholders may also change their vote by executing a new proxy.
Keynote has filed a proxy statement pursuant to which Keynote is soliciting proxies in connection with seeking stockholder approval of the extension of the Plan with the Securities and Exchange Commission (the “SEC”). Stockholders are urged to read the proxy statement and other relevant documents filed with the SEC.
Keynote Systems (Nasdaq “KEYN”) is the global leader in on-demand test & measurement solutions for continuously improving the online experience. For over a decade, Keynote has been providing measurement data and testing capabilities that allow companies to understand and improve their customers’ online and mobile experience. Keynote has four test and measurement businesses: Web performance, mobile quality, streaming & VoIP, and customer experience/UX.
Known as The Mobile and Internet Performance Authority™, Keynote has a market-leading infrastructure of 2,600 measurement computers and mobile devices in over 240 locations around the world. Keynote’s 2,800 customers represent top Internet and mobile companies including American Express, Dell, Disney, eBay, E*TRADE, Expedia, Microsoft, SonyEricsson, Sprint, T-Mobile, Verizon, Vodafone and YouTube.
Keynote Systems, Inc. is headquartered in San Mateo, California and can be reached at www.keynote.com or by phone in the U.S. at 1-800-KEYNOTE.
Keynote, The Internet Performance Authority, Perspective and WebEffective are registered trademarks and The Mobile and Internet Performance Authority and True Experience are trademarks of Keynote Systems, Inc. Other trademarks are the property of their respective owners. © 2009 Keynote Systems, Inc.
Dan Berkowitz, 650-403-3305 (Public Relations)
Kirsten Chapman, 415-433-3777 (Investor Relations)
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