NEW YORK--([ BUSINESS WIRE ])--Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of Symmetricom Inc. (aSymmetricoma or the aCompanya) (NASDAQ: SYMM) for potential breaches of fiduciary duties in connection with their conduct of seeking shareholdersa approval of executive compensation and an amendment to the Companyas Incentive Award Plan. Specifically, in the Proxy Statement filed by the Company with the Securities and Exchange Commission on September 26, 2012, the Board of Directors recommends that the shareholders vote for the approval of the amendment to the Companyas 2006 Incentive Award Plan to authorize issuance of an additional 2,000,000 shares of common stock. The issuance of the additional shares could have a severe dilutive effect on the shares of Symmetricomas common stock.
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If you own common stock in Symmetricom and wish to obtain additional information and protect your investments free of charge, please visit us at [ www.faruqilaw.com/SYMM ] or contact Juan E. Monteverde, Esq. either via e-mail at [ jmonteverde@faruqilaw.com ] or by telephone at (877) 247-4292 or (212) 983-9330.
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