Premiere Global Services, Inc. Under Investor Investigation Over Executive Compensation

If you are a current long term investor in Premiere Global Services (NYSE: PGI) stock, and/or if you have any information relating the investigation including whistleblowers and former employees, you have certain options and you should contact the Shareholders Foundation, Inc.

To have your information reviewed for options and to recieve notifications about this investigation, please use this form. You may also send an email to mail@shareholdersfoundation.com, or call us at (858) 779-1554.

Company Name(s):

Premiere Global Services

Affected Securities:

NYSE: PGI

An investigation on behalf of current long term investors in shares of Premiere Global Services, Inc. (NYSE: PGI) concerning possible breaches of fiduciary duties related to potential excessive compensation that was awarded to certain senior officers and executives at Premiere Global Services Inc. was announced.

The investigation by a law firm focuses on whether the directors and officers of Premiere Global Services, Inc harmed the company by breaching their fiduciary duties to shareholders. In particular the investigation on behalf of current long term investors in Premiere Global Services (PGI) focuses on possible shareholder claims that certain of Premiere Global Services’ senior officers and executive were unjustly enriched through their receipt of unwarranted, excessive or unearned compensation in past years.

Premiere Global Services’ CEO’s compensation jumped from roughly $2.04million in 2009 to $8.14million in 2010. In 2010 CEO Boland T. Jones received $6.375million worth of stocks awards.

However, Premiere Global Services’ shareholders recently expressed their disdain for the executive pay packages by voting “no” on Premiere Global Services' say on pay provision. Premiere Global Services, Inc. received only about 46% support for its pay practices at its June 15 annual meeting, according to a company filing.

The investigation concerns possible claims that the prior compensation awarded at Premiere Global Services is improper based upon its current operating condition.

Premiere Global Services’ annual Total Revenue fell from $554.92million in 07, respectively $453.96million in 2009 to $441.75million in 2010. Its Net Income decreased from $30.44million in 2007, respectively $36.10million in 2008 to $13.61million in 2009 and $4.83million in 2010.

Shares of Premiere Global Services (NYSE:PGI) fell from as high as $16.04 in 2007 and $16.30 during 2008 to as low as $5.28 per share in 2010. Recently NYSE: PGI shares traded as roughly $8 per share, thus at about 50% of its high during 07 and 08.

The investigation seeks to determine whether certain senior officers and executives at Premiere Global Services were awarded salaries, bonuses, stock options and other forms of long-term, ‘incentive’ or retirement compensation that were excessive or unwarranted based on the Premiere Global Services’ performance as compared to what senior officers and executives at comparable companies were making and/or results that were fraudulent, misleading or not long-lasting.

Finally the investigation focuses also on possible shareholder claims that would allow Premiere Global Services stockholders to more efficiently influence or control future compensation decisions at Premiere Global Services.