UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 14C INFORMATION
Information Statement Pursuant to
Section 14(c) of the Securities Exchange Act of 1934
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[ ] Preliminary Information Statement
[ ] Confidential, for Use of the Commission Only (as permitted by Rule 14c-5(d)(2))
[X] Definitive Information Statement
INDUSTRIAL SERVICES OF AMERICA, INC.
(Name of Registrant as Specified In Its Charter)
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[ ] Fee computed on table below per Exchange Act Rules 14c-5(g) and 0-11.
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Important Notice Regarding the Availability of an Information Statement for an Action Taken by Written Consent by Stockholders Beneficially Holding a Majority of the Outstanding Voting Common Stock of Industrial Services of America, Inc.
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Industrial Services of America, Inc. has elected to provide Internet access to an information statement. The information statement is available at:
http://www.cfpproxy.com/4877.
The action approved by the stockholders beneficially holding a majority of the outstanding common stock of Industrial Services of America, Inc., which is to become effective on September 3, 2009, is noted below:
-- approval of and consent to the transactions contemplated by the agreement and plan of share exchange by and among Harry Kletter Family Limited Partnership, 7124 Grade Lane LLC and Industrial Services of America, Inc., and the agreement and plan of share exchange by and among Harry Kletter Family Limited Partnership, 7200 Grade Lane LLC and Industrial Services of America, Inc., and in particular the exchange by us of 500,000 newly issued unregistered shares (as currently contemplated by the purchase agreements), without registration rights, of our $.005 par value common stock for all outstanding membership interests in 7124 Grade Lane LLC and 7200 Grade Lane LLC currently owned by Harry Kletter Family Limited Partnership.
The Audit Committee and the Board of Directors of Industrial Services of America, Inc. recommended voting for the above proposal for which we have received written consents of stockholders who beneficially hold a majority of the outstanding shares of our voting common stock.
This communication presents only an overview of the more complete information statement that is available to you on the Internet. We encourage you to access and review all of the important information contained in the information statement.
We are not asking for a proxy and you are requested not to send us a proxy.