StoneMor Inc. Announces Annual Stockholders Meeting Date

Rhea-AI Summary

StoneMor Inc. (NYSE: STON) announced its 2020 Annual Meeting of Stockholders will take place on November 5, 2020, at 4:00 p.m. via remote communication. The record date for eligible stockholders is September 14, 2020. This meeting comes after the company did not hold an annual meeting in 2019. Proposals for inclusion in the proxy statement must be received by August 10, 2020. The bylaws require stockholders to submit nominations or proposals by the same deadline to ensure proper consideration.

Positive

• Annual meeting scheduled after a year of inactivity allows stockholders to engage.
• Early notice for proposal submissions facilitates stockholder participation.

Negative

• Failure to hold an annual meeting in 2019 may raise concerns regarding governance.
• Strict deadlines for proposal submissions may limit stockholder participation.

TREVOSE, Pa., July 29, 2020 (GLOBE NEWSWIRE) -- StoneMor Inc. (NYSE: STON) (“StoneMor”) today announced that the 2020 Annual Meeting of Stockholders (the “Annual Meeting”) will be held on Thursday, November 5, 2020 at 4:00 p.m.  The record date for stockholders entitled to notice of and to vote at the Annual Meeting will be the close of business on Monday, September 14, 2020.  The Annual Meeting will be held by remote communication, and information regarding the manner in which stockholders will be able to access, participate in and vote at the Annual Meeting will be set forth in the Company’s proxy statement.

Because the Company did not hold an annual meeting in 2019, stockholders wishing to submit proposals for inclusion in the proxy statement for the Annual Meeting must ensure that such proposals are received by the Company at 3600 Horizon Boulevard, Suite 100, Trevose, PA  19053 Attention: Corporate Secretary, on or before August 10, 2020.

The Company’s bylaws govern the submission of nominations for director or other business proposals that a stockholder wishes to bring before a meeting of stockholders.  Under those bylaws, nominations for director or other business proposals to be brought before the Annual Meeting may be made by a stockholder entitled to vote who has delivered a notice to the Corporate Secretary at the address set forth above no later than the close of business on August 10, 2020.  The notice must contain the information required by the bylaws, and any other business proposal must be a proper matter for stockholder action.

About StoneMor Inc.

StoneMor, headquartered in Trevose, Pennsylvania, is an owner and operator of cemeteries and funeral homes in the United States, with 319 cemeteries and 88 funeral homes in 27 states and Puerto Rico.

StoneMor’s cemetery products and services, which are sold on both a pre-need (before death) and at-need (at death) basis, include: burial lots, lawn and mausoleum crypts, burial vaults, caskets, memorials, and all services which provide for the installation of this merchandise. For additional information about StoneMor Inc., please visit StoneMor’s website, and the investors section, at http://www.stonemor.com. 

CONTACT:	Investor Relations
	StoneMor Inc.
	(215) 826-4438

FAQ

When will the Annual Meeting of Stockholders for StoneMor occur?

The Annual Meeting will take place on November 5, 2020.

What is the record date for the StoneMor Annual Meeting?

The record date is September 14, 2020.

How can stockholders submit proposals for the Annual Meeting?

Proposals must be submitted by August 10, 2020, to the Corporate Secretary.

Why was there no Annual Meeting for StoneMor in 2019?

The press release does not specify the reason for the absence of the 2019 meeting.

What is the importance of the Annual Meeting for StoneMor shareholders?

The meeting allows stockholders to vote on important corporate matters.