F. SUBSEQUENT EVENTS
The Company has evaluated all events and transactions that occurred after the balance sheet and through the date that the financial statements were available to be issued.
On October 5, 2016, a Special Meeting of the SofTech shareholders was held to consider and vote on the proposal to approve the sale by SofTech of substantially all of the assets used in its ProductCenter and Connector technologies pursuant to the Asset Purchase Agreement dated August 24, 2016 described herein. The shareholders voted to approve the sale with 79.7% voting in favor of the proposal and less th an .1% voting against.
On October 14, 2016, the Company completed the sale of its PLM Sale to SofTech Group Incorporated as described in Note A hereto.
The above information was disclosed in a filing to the SEC. To see the filing, click here.
To receive a free e-mail notification whenever SOFTECH INC makes a similar move, sign up!
Other recent filings from the company include the following: