NexCen Brands, Inc.'s stockholders at the company's Annual Meeting voted to officially change the companys name to NexCen Brands, Inc. from Aether Holdings, Inc. Effective at the opening of trading on November 1, NexCen common stock will trade on the NASDAQ Global Market under the symbol “NEXC.” The stock previously traded under the “AETH” symbol. In connection with these changes, the new CUSIP number is 653351 10 6.
“With our business now focused on our brand acquisition and management platform, the new company name and ticker symbol is indicative of our future plans,” said Robert W. DLoren, NexCens President and Chief Executive Officer. “We are now poised to fully execute our new business strategy. I look forward to a very promising future for the company, and for our stockholders,” he noted in closing.
The company also reported that stockholders approved the sale of its remaining mortgage-backed securities (“MBS”) portfolio and its exit from the MBS business. The company expects to complete the sale of the remaining MBS investments during the fourth quarter.
At the meeting, stockholders also approved the election of the proposed slate of directions, including one new board member, Jack Rovner, the adoption of new bonus and equity plans and the ratification of KPMG as the companys independent accounting firm.
