The Law Firm of Levi & Korsinsky, LLP Announces Investigation of NutriSystem Inc.
25 Julio 2011 - 5:23PM
Business Wire
Levi & Korsinsky, LLP is investigating NutriSystem Inc.
(“NutriSystem” or the “Company”) (NASDAQ: NTRI), and its Board of
Directors, in connection with the Company’s 2010 compensation for
its CEO and other executives. If you owned shares during this time
period, you may be affected.
To get more information, click here:
http://zlk.9nl.com/nutrisystem/.
At the Company’s recent annual shareholder meeting held May 12,
2011, shareholders voted “no” on NutriSystem’s say on pay
provision. The investigation concerns whether certain senior
officers and executives of NutriSystem’s were awarded salaries,
bonuses, and/or other forms of compensation that were excessive or
unwarranted based on the NutriSystem’s performance.
Specifically, total compensation for NutriSystem’s CEO went up
almost 50% from 2009 to 2010; this total includes a $693,000 bonus
in the form of non-equity incentive plan compensation. The
Company’s CFO and Executive Vice President received a pay increase
of more than $500,000. Executive pay was increased despite the fact
that NutriSystem’s stock prices have fallen from a high of $32.91
per share in 2009, to $29.79 in January of 2010, to a current share
price hovering just above $13 per share.
To speak directly to an attorney please contact Eduard
Korsinsky, Esq. either via email at ek@zlk.com or by telephone at
(212) 363-7500, toll-free: (877) 363-5972, or visit
http://www.zlk.com/nutrisystem-ntri.html.
Levi & Korsinsky has expertise in protecting shareholders’
rights and prosecuting investor securities litigation. The
attorneys at Levi & Korsinsky have extensive experience in
litigating actions on behalf of shareholders victimized by
financial fraud and represent investors throughout the nation. Levi
& Korsinsky has been appointed by numerous courts throughout
the country to serve as lead counsel on behalf of shareholders in
major securities fraud cases. For more information, please feel
free to contact any of the attorneys listed below.
Attorney advertising. Please be aware that prior results never
guarantee similar future outcomes.
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