An investigation on behalf of investors in Micropac Industries, Inc. (OTCMKTS:MPAD) shares over potential wrongdoing at Micropac Industries was announced and OTCMKTS:MPAD stockholders should contact the Shareholders Foundation.
San Diego, CA -- (SBWIRE) -- 01/16/2018 -- An investigation was announced for investors in shares of Micropac Industries, Inc. (OTCMKTS:MPAD) over potential breaches of fiduciary duties by certain directors.
Investors who purchased shares of Micropac Industries, Inc. (OTCMKTS:MPAD) have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call 858-779-1554.
The investigation by a law firm concerns whether certain Micropac Industries officers and directors breached their fiduciary duties and caused damage to the company and its shareholders.
Garland, TX based Micropac Industries, Inc. manufactures and distributes a range of hybrid microelectronic circuits, solid state relays, power controllers, and optoelectronic components and assemblies. Micropac Industries, Inc. reported that its Total Revenue declined from $20.03 million for the 12 months period that ended on November 30, 2015 to $17.60 million for the 12 months period that ended on November 30, 2016 and that its Net Income for those respective time periods declined from $1.49 million to $0.23 million.
On January 12, 2018, OTCMKTS:MPAD shares closed at $7.85 per share.
Those who purchased shares of Micropac Industries, Inc. (OTCMKTS:MPAD), have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com