Remark Holdings Adjourns Special Shareholder Meeting Until Feb. 23, 2021
Remark Holdings, Inc. (NASDAQ: MARK) announced the adjournment of its special shareholder meeting to February 23, 2021, at 1:00 p.m. ET. This decision was made to provide additional time to solicit votes necessary to achieve a quorum. The new record date for determining stockholders eligible to vote has been set to January 7, 2021, following the original record date of August 31, 2020. Stockholders who voted previously and do not wish to change their votes need take no action, while those who wish to alter their vote must follow instructions on the new proxy card.
- Adjournment allows more time to solicit votes for a quorum.
- New record date set for eligible voters may enhance participation.
- Previous failure to achieve a quorum may reflect shareholder disengagement.
- Delay in decision-making may affect company operations and strategies.
LAS VEGAS, Jan. 13, 2021 /PRNewswire/ -- Remark Holdings, Inc. (NASDAQ: MARK), a diversified global technology company with leading artificial intelligence ("AI") solutions and digital media properties, today announced the adjournment of its special shareholder meeting until February 23, 2021 at 1:00 p.m. ET, to provide additional time to solicit votes to reach a quorum and conduct business. The original record date for determining stockholders entitled to vote at the Special Meeting was August 31, 2020. In connection with the reconvening of the Special Meeting on February 23, 2021, Remark's Board has established the close of business on January 7, 2021 as the new record date for determining stockholders entitled to vote at the Special Meeting or any adjournments or postponements thereof.
Anyone who became a stockholder since August 31, 2020, can cast their vote by signing, dating and returning their proxy card or voting instruction card per the instructions that will be provided to them. Anyone who was a stockholder on August 31, 2020 and who:
- previously voted their shares and who does not wish to change their vote need not take any action. Unless the company receives instructions from such stockholders to the contrary, Remark will vote such shares according to the original instructions on the respective previously-submitted proxy card or voting instruction card, or pursuant to the voting instructions previously submitted via telephone or the Internet.
- previously voted their shares and who wishes to change their vote or to apply their previously-submitted vote instructions to shares they acquired since the original record date may do so by following the instructions on the new proxy card or voting instruction card they receive from the company or from the custodian of their shares. Such stockholders can cast their vote by signing, dating and returning the proxy card or voting instruction card, or via telephone or the Internet by following the instructions on the proxy card or voting instruction card.
- did not previously vote their shares should take the time to do so. Such stockholders can cast their vote by signing, dating and returning the proxy card or voting instruction card, or via telephone or the Internet by following the instructions on your proxy card or voting instruction card.
About Remark Holdings, Inc.
Remark Holdings, Inc. (NASDAQ: MARK) delivers an integrated suite of AI solutions that enable businesses and organizations to solve problems, reduce risk and deliver positive outcomes. The company's easy-to-install AI products are being rolled out in a wide range of applications within the retail, public safety and workplace arenas. The company also owns and operates an e-commerce digital media property focused on a luxury beach lifestyle. The company is headquartered in Las Vegas, Nevada, with additional operations in Los Angeles, California and in Beijing, Shanghai, Chengdu and Hangzhou, China. For more information, please visit the company's website at www.remarkholdings.com.
Forward-Looking Statements
This press release may contain forward-looking statements, including information relating to future events, future financial performance, strategies, expectations, competitive environment and regulation. Words such as "may," "should," "could," "would," "predicts," "potential," "continue," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates," and similar expressions, as well as statements in future tense, identify forward-looking statements. These statements involve known and unknown risks, uncertainties and other factors, including those discussed in Part I, Item 1A. Risk Factors in Remark Holdings' Annual Report on Form 10-K and Remark Holdings' other filings with the SEC. Any forward-looking statements reflect Remark Holdings' current views with respect to future events, are based on assumptions and are subject to risks and uncertainties. Given such uncertainties, you should not place undue reliance on any forward-looking statements, which represent Remark Holdings' estimates and assumptions only as of the date hereof. Except as required by law, Remark Holdings undertakes no obligation to update or revise publicly any forward-looking statements after the date hereof, whether as a result of new information, future events or otherwise.
Company Contacts
E. Brian Harvey
Senior Vice President of Capital Markets and Investor Relations
Remark Holdings, Inc.
ebharvey@remarkholdings.com
702-701-9514
Fay Tian
Vice President of Investor Relations
F.Tian@remarkholdings.com
(+1) 626-623-2000
(+86) 13702108000
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SOURCE Remark Holdings, Inc.
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