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If you purchased shares of TETRA Technologies, Inc. (NYSE TTI), and/or if you have any information relating the investigation, you have certain options and you should contact the Shareholders Foundation, Inc.
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To have your information reviewed for options and to receive notifications about this investigation, please send an email to mail@shareholdersfoundation.com, or call us at (858) 779-1554.
Investigation Overview
The upcoming May 3, 2011 shareholder vote prompted an investigation on behalf of investors of TETRA Technologies, Inc. (NYSE:TTI) concerning possible violations of Federal Securities Laws by TETRA Technologies and its Board of Directors.
The investigation by a law firm focuses on possible shareholder claims in connection with the upcoming shareholder vote at the annual shareholder meeting on May 3, 2011.
On the annual meeting of stockholders of TETRA Technologies, Inc. investors will be asked among other things to vote upon a proposal to approve the 2011 Long Term Incentive Compensation Plan, to conduct an advisory vote on executive compensation and to conduct an advisory vote on the frequency of holding future advisory votes on executive compensation
However TETRA Technologies 12months revenue went from $982.48million in 2007 and $1,009.07million in 2008 to $872.68million in 2010. Its Net Income went from $28.77million in 2007 to a Net Loss of $12.14million in 2008 and a Net Loss of $43.72million in 2010.
Shares of TETRA Technologies, Inc. (Public, NYSE:TTI) traded in 2006 and 2007 over $28 per share and fell during 2009 to as low as $2.73 per share. Since then TTI shares increased and traded recently at $14.01 per share.
On March 4, 2011 TETRA Technologies, Inc. said it explores strategic alternatives for its E&P Business. TTI shares breached $15 and traded on March 8 at $15.25 per share.
