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magicJack Announces Settlement Agreement With Kanen Wealth Management

Feb 3, 2017 - ICT Monitor Worldwide

(GlobeNewswire) - magicJack VocalTec Ltd. (Nasdaq:CALL) (the Company), a leading VoIP cloud-based communications and UCaaS company, today announced that it has reached an agreement ("the Agreement") with David L. Kanen and Kanen Wealth Management LLC ("Kanen") in connection with the Company`s 2016 Annual Meeting of Shareholders (2016 Annual Meeting).

Pursuant to the Agreement, Kanen has withdrawn its proposed slate of director nominees for election at the 2016 Annual Meeting and agreed to

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