Capital Senior Living Announces Move to Virtual Special Meeting of Stockholders
Capital Senior Living Corporation (NYSE: CSU) announced a virtual Special Meeting of Stockholders on October 22, 2021, due to COVID-19 precautions. The record date for eligible voters is August 25, 2021. Shareholders must register in advance to attend the meeting online, and the Board of Directors recommends voting 'FOR' all proposals. The press release emphasizes the importance of stockholder participation and provides instructions for attending the meeting. Capital Senior Living operates 75 senior living communities across 18 states, housing nearly 7,000 residents.
- The Company operates 75 senior living communities, serving nearly 7,000 residents across 18 states.
- The virtual meeting format allows broader participation while ensuring the safety of stakeholders.
- The meeting's virtual format may limit direct interaction between shareholders and management.
- Ongoing implications of COVID-19 might affect the Company's operational performance.
As described in the proxy materials, the record date for determining the stockholders eligible to vote at the Special Meeting is the close of business on
Shareholders can attend the Special Meeting live online at https://meetnow.global/MJRQM2P. To attend and participate in the Special Meeting (including to ask questions), you will need the 14-digit control number included on your WHITE proxy card or on the instructions that accompanied your proxy materials.
If you hold your shares through an intermediary, such as a bank or broker, you must register in advance to attend the Special Meeting virtually on the Internet. To register to attend the Special Meeting online by webcast you must submit proof of your proxy power (legal proxy) reflecting your holdings along with your name and email address to Georgeson. You must contact the bank or broker who holds your shares to obtain your legal proxy. Requests for registration must be labeled as “Legal Proxy” and be received no later than
You will receive a confirmation of your registration by email after we receive your registration materials. Requests for registration should be directed to us by emailing an image of your legal proxy to usproxyservices@georgeson.com.
The Company’s Board of Directors strongly recommends that all stockholders vote “FOR” each of the proposals at the Special Meeting.
No Offer or Solicitation / Additional Information and Where to Find It
This press release does not constitute an offer to sell or the solicitation of an offer to buy any securities, nor will there be any sale of any securities in any state or other jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. The amended rights offering will be made pursuant to the Company’s shelf registration statement on Form S-3, which became effective on
In connection with the proposed transaction with Conversant, the Company filed a proxy statement with the
INVESTORS AND STOCKHOLDERS OF THE COMPANY ARE URGED TO READ THE PROXY STATEMENT, AS AMENDED, AND ANY OTHER RELEVANT DOCUMENTS THAT MAY BE FILED WITH THE
Investors and security holders are able to obtain free copies of the definitive proxy statement and the amendment to the proxy statement and other documents containing important information about the Company and the proposed transaction through the website maintained by the
Participants in the Solicitation
The Company and its executive officers and directors and certain other members of management and employees may, under the rules of the
About
About Conversant
Safe Harbor
The forward-looking statements in this press release are subject to certain risks and uncertainties that could cause the Company’s actual results and financial condition to differ materially, including, but not limited to, the Company’s ability to obtain stockholder approval for the proposed transaction; the satisfaction of all conditions to the closing of the proposed transaction; other risks related to the consummation of the proposed transaction, including the risk that the transaction will not be consummated within the expected time period or at all; the costs related to the proposed transaction; the impact of the proposed transaction on the Company’s business; any legal proceedings that may be brought related to the proposed transaction; the continued spread of COVID-19, including the speed, depth, geographic reach and duration of such spread; new information that may emerge concerning the severity of COVID-19; the actions taken to prevent or contain the spread of COVID-19 or treat its impact; the legal, regulatory and administrative developments that occur at the federal, state and local levels in response to the COVID-19 pandemic; the frequency and magnitude of legal actions and liability claims that may arise due to COVID-19 or the Company’s response efforts; the impact of COVID-19 and the Company’s near-term debt maturities on the Company’s ability to continue as a going concern; the Company’s ability to generate sufficient cash flows from operations, additional proceeds from debt refinancings, and proceeds from the sale of assets to satisfy its short and long-term debt obligations and to fund the Company’s capital improvement projects to expand, redevelop, and/or reposition its senior living communities; the Company’s ability to obtain additional capital on terms acceptable to it; the Company’s ability to extend or refinance its existing debt as such debt matures; the Company’s compliance with its debt agreements, including certain financial covenants, and the risk of cross-default in the event such non-compliance occurs; the Company’s ability to complete acquisitions and dispositions upon favorable terms or at all, including the transfer of certain communities managed by the Company on behalf of other owners; the Company’s ability to improve and maintain adequate controls over financial reporting and remediate the identified material weakness; the risk of oversupply and increased competition in the markets which the Company operates; the risk of increased competition for skilled workers due to wage pressure and changes in regulatory requirements; the departure of the Company’s key officers and personnel; the cost and difficulty of complying with applicable licensure, legislative oversight, or regulatory changes; the risks associated with a decline in economic conditions generally; the adequacy and continued availability of the Company’s insurance policies and the Company’s ability to recover any losses it sustains under such policies; changes in accounting principles and interpretations; and the other risks and factors identified from time to time in the Company’s reports filed with the
View source version on businesswire.com: https://www.businesswire.com/news/home/20211013006157/en/
Media Inquiries:
dzacchei@sloanepr.com / jgermani@sloanepr.com
Investor Inquiries:
(212) 440-9850, chayden@georgeson.com
Company Contact:
President and Chief Executive Officer
(972) 308-8323, klody@capitalsenior.com
Source:
FAQ
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