GWG Holdings Conducts 2020/2021 Annual Meeting of Stockholders

Rhea-AI Summary

GWG Holdings, Inc. (Nasdaq: GWGH) held its combined 2020/2021 Annual Meeting of Stockholders on December 17, 2021, where stockholders re-elected four directors: Peter T. Cangany, Jr., David F. Chavenson, David H. de Weese, and Timothy L. Evans. This meeting was crucial for fulfilling Nasdaq listing requirements. The voting results have been disclosed in a Current Report on Form 8-K filed with the SEC. GWGH continues to be a leader in innovative financial and liquidity solutions.

Positive

• Successful re-election of four board directors ensuring continuity in leadership.
• Completion of Annual Meeting meets Nasdaq listing requirements.

Negative

• None.

DALLAS, Dec. 20, 2021 (GLOBE NEWSWIRE) -- GWG Holdings, Inc. (Nasdaq: GWGH) today announced that it conducted a combined 2020/2021 Annual Meeting of Stockholders on Friday, December 17, 2021.

During the Annual Meeting, stockholders re-elected the four directors whose terms were expiring: Peter T. Cangany, Jr., David F. Chavenson, David H. de Weese and Timothy L. Evans. That was the only business conducted at the Annual Meeting.

Voting results were reported in the Current Report on Form 8-K that GWGH filed today with the SEC.

Conducting the Annual Meeting completes the requirements for GWGH to continue listing on the Nasdaq Stock Market.

About GWG Holdings, Inc.

GWG Holdings, Inc. (Nasdaq: GWGH) is an innovative financial services firm based in Dallas, Texas that is a leader in providing unique investment solutions and, through its passive investment in The Beneficient Company Group, L.P., unique liquidity solutions and services for the owners of illiquid investments. The Beneficient Company Group, L.P. has exposure to a diversified and growing portfolio of alternative assets containing 111 professionally managed alternative investment funds as of September 30, 2021.

Through GWGH’s subsidiary, GWG Life, LLC, GWGH also owns and manages a diverse portfolio of life insurance policies that, as of September 30, 2021, included $1.8 billion in face value of life insurance policy benefits.

For more information about GWG Holdings, email info@gwgh.com or visit www.gwgh.com. For more information about Beneficient, email askben@beneficient.com or visit www.trustben.com.

Media Contact:

Dan Callahan

Director of Communication

GWG Holdings, Inc.

(612) 787-5744

dcallahan@gwgh.com

FAQ

What were the results of the GWGH Annual Meeting on December 17, 2021?

The Annual Meeting resulted in the re-election of four directors.

How does GWGH's Annual Meeting impact its Nasdaq listing?

Conducting the Annual Meeting fulfills the requirements to maintain its Nasdaq listing.

Who were the directors re-elected at GWGH's Annual Meeting?

The re-elected directors are Peter T. Cangany, Jr., David F. Chavenson, David H. de Weese, and Timothy L. Evans.

Where can I find the voting results of GWGH's Annual Meeting?

The voting results are reported in GWGH's Current Report on Form 8-K filed with the SEC.