General automation ups share authorization

General Automation Inc. said its shareholders approved a proposal to increase the number of authorized common shares to 30 million from 20 million, and also approved the creation of a new

class of 10 million shares of preferred stock. The Anaheim-based computer maker said it currently has 5.4 million shares outstanding. Chairman Leonard N. Mackenzie said the new preferred

shares would “provide important flexibility” in raising capital. Joseph Allen, a company spokesman, said there are no current plans to issue either additional common shares or the new

preferred stock.