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Technology Stocks : QSII, Quality Sys., depressed Buy soon ?
QSII 22.35+0.7%Sep 7 4:00 PM EDT
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To: Andrew who wrote (34)4/14/1999 12:48:00 PM
From: Andrew   of 50
 
Lawndale to nominate candidates for QSII Board and trigger cumulative voting at annual meeting

In a filing with the SEC on April 14, 1999, San Francisco-based Lawndale Capital Management, LLC amended its Quality Systems Inc. (O-QSII) 13-D filing [Amend. #10], disclosing that in addition to Lawndale's recent submission of a shareholder proposal, it has now decided to nominate candidates for election to QSII's Board at QSII's next annual meeting expected around September 1999. While Lawndale has not yet identified the candidates it will nominate, Lawndale's filing and recent 4/12/99 letter to Mr. Sheldon Razin, Chairman (filed as exhibit B), stated that Lawndale will trigger cumulative voting at the annual meeting and cumulate its votes to ensure the election of all or some of its candidates.

Lawndale's item 4 language and its 4/12/99 letter to Mr. Razin (filed as exhibit B), cited as reasons for its additional steps:
1) A majority of the Board's continued refusal to meet with Lawndale's representatives to discuss shareholder concerns.
2) Mr. Razin's and the Board's failure to adopt Lawndale's recently submitted and reasonable shareholder proposal to create a independently functioning board.
3) Mr. Razin's attempts to prevent QSII shareholders the opportunity to even vote on Lawndale's proposal.

Lawndale's full filing is available from SEC EDGAR data providers or at freeedgar.com
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