Attached files
file | filename |
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8-K - FORM 8-K - Voyager Learning CO | c91388e8vk.htm |
EX-99.2 - EXHIBIT 99.2 - Voyager Learning CO | c91388exv99w2.htm |
Exhibit 99.1
Memo
|
To: |
Board of Directors and Executive Officers | |
From:
|
Todd W. Buchardt | |
Date:
|
October 23, 2009 | |
Subject:
|
Trading Blackout for Voyager Common Stock |
Voyager Learning Company (the Company) is removing Voyager Learning Company stock as an
investment option in the Companys Profit Sharing Retirement Fund (401(k) Plan). As a result of
this termination of this investment option, employees who held shares in the 401(k) Plan will have
their shares automatically reallocated to another investment option. However, during a brief period
in which the transfer will occur, the 401(k) Plan participants will not be able to trade these
securities. Thus, a blackout period is required for the Board of Directors and Executive Officers
under Section 306 of Sarbanes Oxley.
This is to provide you with notice of a blackout period that will become effective November 13,
2009, and is expected to end during the week of November 22, 2009 (the Blackout Period). During
the Blackout Period, you will be prohibited from, directly or indirectly, purchasing, selling or
otherwise acquiring or transferring Voyager common stock or other equity securities, such as stock
options. This prohibition also applies to all Voyager common stock that may be allocated to your
accounts under the 401(k) Plan, and you will not be able to purchase, sell, acquire, or transfer,
or make any other changes to an account involving Voyager common stock held under the 401(k) Plan.
There are a few limited exceptions to this rule but I am not aware of any that would be applicable
to our Board or Executive Officers. If any of you would like to discuss these exceptions, please
call me at your convenience.
If you have any questions, please call me.
206 E. Washington, Suite B, Ann Arbor, Michigan 48104 tel: 734.222.7521 email: tbuchardt@voyagercompany.com