Legacy Education Alliance, Inc. Urges Eligible Stockholders to Vote Their Proxies for the Annual Meeting of Stockholders by July 1, 2021

Rhea-AI Summary

Legacy Education Alliance, Inc. (OTCQB: LEAI) reminds shareholders to vote their proxies before the Annual Meeting on July 2, 2021, at 9:00 a.m. EDST, in Purchase, NY. Shareholders will vote on several proposals, including the election of board members, ratification of the independent accounting firm MaloneBailey LLP, approval of the 2021 Incentive Plan, and the Spin Off Transaction. Additionally, a 20% Issuance Proposal and the potential adjournment of the meeting to gather more proxies will be discussed. Proxy votes must be submitted by July 1, 2021.

Positive

• Shareholder engagement promoted through proxy voting.
• Significant governance decisions such as board elections and auditor appointments.
• Plans for equity incentives and potential spin-off could enhance shareholder value.

Negative

• The need for an adjournment indicates potential difficulties in securing sufficient votes.

Legacy Education Alliance, Inc. (OTCQB: LEAI) (www.legacyeducationalliance.com), a leading marketer of practical, high-quality, and value-based educational training on the topics of personal finance, entrepreneurship, real estate, and financial markets investing strategies and techniques, announces today a reminder for all shareholders to vote their proxies prior to the Annual Meeting of Stockholders (the “Annual Meeting”) of Legacy Education Alliance, Inc. (the “Company”), which will be held at the RFA Business Data Center, 2 Manhattanville Rd., Purchase, NY 10577 on Friday, July 2, 2021 at 9:00 a.m. Eastern Daylight Time. During the Annual Meeting, stockholders will be asked to vote on the following:

1. Elect the individuals that have been nominated by the Nominating and Corporate Governance Committee of our Board of Directors to serve on our Board of Directors, subject to the provisions of our Bylaws, until our next Annual Meeting or until their respective successors are duly elected or their earlier resignation, death, or removal;
2. Ratify the appointment of MaloneBailey LLP as our independent registered public accounting firm for our 2021 fiscal year ending December 31, 2021;
3. Approve the 2021 Incentive Plan, which provides that our Board of Directors may grant equity based incentive awards to certain persons;
4. Approve the Spin Off Transaction:
5. Approve the 20% Issuance Proposal;
6. Approve the adjournment of the Annual Meeting, if necessary, to solicit additional proxies if there are not sufficient votes at the time of the meeting to approve the Spin Off Transaction Proposal and/or the 20% Issuance Proposal; and
7. Transact such other business properly brought before the Annual Meeting or any adjournment thereto.

The Company has filed additional information regarding proposal #4, which is a request to approve the Spin Off Transaction. Details regarding this transaction may be found on the SEC website, located here, or on Legacy Education Alliance’s website.

Investors are urged to mail in their proxy cards, vote via Internet at www.proxyvote.com, or by phone at 1-800-690-6903. All proxy votes must be received by July 1, 2021.

About Legacy Education Alliance Inc.

Legacy Education Alliance, Inc. (http://www.legacyeducationalliance.com) is a leading marketer of practical, high-quality, and value-based educational training on the topics of personal finance, entrepreneurship, real estate, and financial markets investing strategies and techniques. Legacy Education Alliance was founded in 1996 and has cumulatively served more than two million students from more than 150 countries and territories over the course of its operating history.

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FAQ

When is the Annual Meeting for Legacy Education Alliance (LEAI)?

The Annual Meeting for Legacy Education Alliance will be held on July 2, 2021, at 9:00 a.m. EDST.

What proposals will be voted on during the Legacy Education Alliance (LEAI) Annual Meeting?

Proposals include board member elections, auditor ratification, 2021 Incentive Plan approval, Spin Off Transaction, and a 20% Issuance Proposal.

What is the deadline for submitting proxy votes for Legacy Education Alliance (LEAI)?

Proxy votes must be submitted by July 1, 2021.

Where will the Annual Meeting of Legacy Education Alliance (LEAI) take place?

The Annual Meeting will be held at the RFA Business Data Center, 2 Manhattanville Rd., Purchase, NY 10577.

Who is the independent auditor for Legacy Education Alliance (LEAI) for 2021?

MaloneBailey LLP has been nominated as the independent registered public accounting firm for 2021.