Item 8.01 Other Events
The Company held its annual meeting of stockholders on June 20, 2008. At this
meeting, the stockholders approved all the proposals stated in the Definitive
Proxy Statement on Form DEF 14A filed with the Securities Exchange Commission on
April 29, 2008.
Therefore, the Company's Certificate of Incorporation was amended on June 20,
2008 to change the Company's name from Applied Digital Solutions, Inc. to
Digital Angel Corporation and to increase the number of authorized shares of
common stock from 165,000,000 to 190,000,000 shares. In addition, the number of
authorized shares of common stock issuable under the 2003 Flexible Stock Plan
was increased from 5,200,000 to 7,000,000, effective June 20, 2008.
Effective May 13, 2008, the Company's subsidiary, Digital Angel Corporation,
amended its Certificate of Incorporation to change its name from Digital Angel
Corporation to Destron Fearing Corporation.
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