Amergent Hospitality Group Inc. Announces Adjournment Of Annual Meeting

Rhea-AI Summary

Amergent Hospital Inc. (OTCQB:AMHG) announced the adjournment of its 2022 Annual Meeting of Stockholders due to a lack of quorum. The meeting is now scheduled for January 13, 2023, at 4:00 PM Eastern Time and will be held virtually. Stockholders are encouraged to cast their votes on Proposals 1, 2, and 3 before the meeting, as these proposals have been classified as 'non-routine' by Broadridge. Without voting instructions, shares may be subject to 'broker non-votes,' which will not count towards the quorum requirement.

Positive

• The virtual meeting allows broader participation for stockholders.
• Encouragement for stockholders to actively participate in voting.

Negative

• The meeting was adjourned due to lack of quorum, indicating potential disengagement among stockholders.
• 'Broker non-votes' could result in crucial proposals not being counted.

• Meeting scheduled to reconvene January 13, 2023 at 4:00 PM Eastern Time
• Company encourages stockholders to cast their votes
• If you are a beneficial owner, please provide your broker with instructions how to vote your shares on Proposals 1, 2 and 3

CHARLOTTE, NC / ACCESSWIRE / December 30, 2022 / Amergent Hospital Inc. (OTCQB:AMHG), today announced that it has adjourned its 2022 Annual Meeting of Stockholders due to lacking a quorum to convene the meeting.

We identified Proposal Nos. 2 and 3 as "routine" pursuant to NYSE Rule 452. However, Broadridge has determined that Proposal Nos. 2 and 3, along with Proposal No. 1, will be treated as a "non-routine." If you do not provide voting instructions, pursuant to the rules of the New York Stock Exchange (the "NYSE"), your broker may not vote your shares at all for Proposals 1, 2 and 3, which is referred to as a "broker non-vote." For that reason, if you are a beneficial holder and you wish to vote "for," "against" or "abstain" from Proposal Nos. 1, 2 or 3, you will have to provide your broker with such an instruction prior to midnight on January 12, 2023. Shares underlying "broker non-votes" will not be counted as present and entitled to vote for purposes of determining whether a quorum is present at the Annual Meeting since there are no longer routine items on the ballot.

The adjourned meeting will be held at 4:00 PM Eastern Time on Friday, January 13, 2023. The adjourned meeting will also be a "virtual" meeting of stockholders. The record date for the annual meeting is November 18, 2022. A stockholder may use one of the following simple methods to vote:

• Vote by Internet at http://onlineproxyvote.com/AMHG/ at any time 24 hours a day until 3:45 PM Eastern Time on January 13, 2023 using the 16-digit control number appearing on the proxy card.
• Vote by telephone by calling the number (469) 633-0101 until 3:45 PM Eastern Time on January 13, 2023 using their 16-digit control number appearing on the proxy card.
• Vote by facsimile by signing, dating and submitting your proxy card to (469) 633-0088.
• Vote by email, by signing, dating and emailing your scanned proxy card to proxyvote@stctransfer.com
• Vote by mail by marking, dating and signing the proxy card, and returning it in the postage-paid envelope to Securities Transfer Corporation, 2901 N. Dallas Parkway, Suite 380, Plano, Texas 75093, Attention: Proxy Department
• Vote at or on the day of the virtual Annual Meeting by joining the meeting at http://onlineproxyvote.com/AMHG using the 16-digit control number included on the proxy card.

In order to attend our Virtual Annual Meeting, you must log in to

https://stctransfer.zoom.us/webinar/register/WN_gkIBNoCdRSWO3wKyFFbHvg to register for the meeting.

About Amergent Hospitality Group

Headquartered in Charlotte, NC, Amergent Hospitality Group owns, operates, and franchises fast, casual, and full-service restaurant brands, including American Burger Company, BGR - Burgers Grilled Right, Little Big Burger, and Hooters gaming venue. For more information, please visit: www.amergenthg.com

Amergent Hospitality Group Investor Contact:

Jason Assad
678-570-6791
IR@amergenthg.com

SOURCE: Amergent Hospitality Group

View source version on accesswire.com:
https://www.accesswire.com/733685/Amergent-Hospitality-Group-Inc-Announces-Adjournment-Of-Annual-Meeting

FAQ

When is the rescheduled 2022 Annual Meeting for Amergent Hospital Inc. (AMHG)?

The rescheduled 2022 Annual Meeting will be held on January 13, 2023, at 4:00 PM Eastern Time.

What is the reason for the adjournment of the Annual Meeting for AMHG?

The Annual Meeting was adjourned due to a lack of quorum.

How can stockholders vote on Proposals 1, 2, and 3 for AMHG?

Stockholders can vote via Internet, telephone, facsimile, email, mail, or during the virtual meeting.

What happens if stockholders do not provide voting instructions for AMHG proposals?

If stockholders do not provide instructions, their shares may be subject to 'broker non-votes,' which will not count towards the quorum.

What should beneficial owners do to vote their shares for Amergent Hospital Inc. (AMHG)?

Beneficial owners should provide their brokers with voting instructions by January 12, 2023.