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Nautilus terminates shareholder rights plan
28
Jan '08
Global fitness company Nautilus Inc announced that on January 24, 2008 it amended its Shareholder Rights Plan (the "Plan") to effect the Plan's termination.

Under the Plan, one right was distributed for each share of Nautilus common stock outstanding as of November 8, 2007.

Effective the date of the Plan, any person or group acquiring 20 percent or more of the voting power of the Company's outstanding common stock without the approval of the Board of Directors, subject to certain exceptions, would have triggered significant dilution in the voting power of such person or group.

The amendment changes the date for expiration of the rights issued pursuant to the Rights Agreement from October 28, 2010 to January 22, 2008. Accordingly, the rights have expired, and the Plan has been terminated.

Nautilus Inc


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