Only Two Dissident Directors Elected to the Board as a Result of Cumulative Voting
Shareholders Also Reject Dissident Bylaw Proposal
IRVINE, Calif. - September 4, 2008 - Quality Systems, Inc. (Nasdaq: QSII) today announced that, based on an estimate of the votes cast at the company's Annual Meeting of Shareholders on September 4, 2008, stockholders have overwhelmingly supported the company's director nominees by electing seven out of eight members of the Quality Systems slate to the nine-member Board. Quality Systems' corporate bylaws provide for cumulative voting in the election of directors, which facilitated the election of Ahmed Hussein and one other candidate from his six-person slate to the Board, based primarily on Mr. Hussein's 16.8% ownership of the company. The company's estimates also show that the proposal put forth by dissident investor Mr. Hussein to amend Quality Systems' definition of "independent director" in its bylaws has been rejected by stockholders.
"On behalf of the Board and management of Quality Systems, I would like to thank the many shareholders who voted in support of the company's Board nominees and who rejected the dissident's proposal to amend the company's bylaws," said Steven Plochocki, CEO of Quality Systems. "I am gratified that our shareholders have recognized the tremendous value that our Board brings to the company. We look forward to continuing to build upon Quality Systems' ongoing success and track record of increasing value for our shareholders."
The results are subject to final tabulation and certification by IVS Associates, Inc., the independent Inspector of Elections, which the company expects will occur by September 15.
About Quality Systems, Inc.
Quality Systems, Inc. and its NextGen Healthcare Information Systems subsidiary develop and market computer-based practice management, patient records, and connectivity and other applications and services for medical and dental group practices. Visit www.qsii.com and www.nextgen.com for additional information.