Iteris redeems $5.18 million 6% convertible debentures

By Devika Patel

Knoxville, Tenn., Oct. 31 - Iteris, Inc. redeemed $5.18 million of its 6% convertible debentures due May 2009 on Oct. 27, according to an 8-K filed Friday with the Securities and Exchange Commission.

The company paid $5.05 million plus all unpaid interest for the debentures.

The securities were held by Lloyd I. Miller, III, Lloyd I. Miller Trust A-4, Milfam I, LP and Milfam II, LP and were originally issued in May 2004.

Iteris, based in Anaheim, Calif., develops roadway and automotive sensors.

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