NEW YORK--(BUSINESS WIRE)--Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of API Technologies Corp. (“API” or the “Company”) (NasdaqCM: ATNY) for potential breaches of fiduciary duties in connection with their conduct in seeking shareholders’ approval for an advisory vote on executive compensation.
Specifically, in the Proxy Statement filed by the Company with the Securities and Exchange Commission on February 22, 2013, the Board of Directors recommends that API’s shareholders vote to approve an advisory vote on executive compensation.
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