ModusLink Announces Final Voting Results for 2011 Annual Meeting of Stockholders

Certified Results Confirm Election of Jeffrey J. Fenton and Jeffrey S. Wald to the ModusLink Board

WALTHAM, Mass.–(BUSINESS WIRE)–Feb. 1, 2012– ModusLink Global Solutions(TM), Inc. (NASDAQ: MLNK) today announced that IVS Associates, Inc., the independent Inspector of Elections (“Inspector”), has tabulated and certified the voting results for ModusLink’s 2011 Annual Meeting of Stockholders held on January 20, 2012.

As confirmed by the final results, ModusLink stockholders voted to re-elect one of the Company’s director nominees – Jeffrey J. Fenton – to the ModusLink Board of Directors. Stockholders have also elected Jeffrey S. Wald, a director nominee put forward by Peerless Systems Corporation.

ModusLink issued the following statement:

“We appreciate the consideration and support of our stockholders, as well as the many valuable insights they have offered to our Board and management team throughout this process. We would like to take this opportunity to thank Tom Johnson for his service on ModusLink’s Board and many contributions to the Company. As we move forward, our Board and management team intends to work cooperatively with our new director, Mr. Wald, as we continue to execute our business strategy and deliver enhanced value for all ModusLink stockholders.”

Separately, IVS also reported the final results for the other proposals voted on at the Annual Meeting:

  • Approval, on an advisory basis, of the compensation of the Company’s named executive officers.
  • Approval of a frequency of every year for future say-on-pay advisory votes.
  • Approval of the Tax Benefit Preservation Plan adopted by the Board on October 17, 2011.
  • Ratification of the appointment of KPMG LLP as the Company’s independent registered public accounting firm for the current fiscal year.
  • Approval of a non-binding recommendation to eliminate the Company’s classified Board.

About ModusLink

ModusLink Global Solutions, Inc. designs and executes global value chain strategies to solve clients’ cost, time-to-market, customer satisfaction and revenue objectives. Our supply chain, aftermarket, e-Business and entitlement management solutions support the end-to-end product lifecycles of the world’s leading technology and consumer goods companies. ModusLink has more than 25 years of experience executing complex supply chain processes such as sourcing, configuration and fulfillment. We can manage these critical functions seamlessly with a client’s global e-Business initiative or an integrated aftermarket program, including alternative channel recovery for at-risk inventory. Backed by a footprint of more than 25 solution centers in 15 countries, ModusLink clients can react quickly to shifting market dynamics impacting value chain performance and revenues. For more information about ModusLink’s flexible, scalable and sustainable solutions, visit http://www.moduslink.com or http://www.valueunchained.com, the blog for value chain professionals.

ModusLink Global Solutions is a trademark of ModusLink Global Solutions, Inc. All other company names and products are trademarks or registered trademarks of their respective companies.


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