VISLINK TECHNOLOGIES, INC. TO HOLD REMOTE ANNUAL MEETING OF STOCKHOLDERS ON NEW DATE
HACKETTSTOWN, NJ, May 20, 2020 - Vislink Technologies (NASDAQ: VISL) has postponed its Annual Meeting of Stockholders originally scheduled for May 22, 2020, to June 17, 2020, due to insufficient votes for a quorum. This delay is attributed to a predominantly retail shareholder base. The meeting will still occur via remote communication to ensure safety amid the COVID-19 pandemic. Vislink encourages shareholders to vote promptly through their proxy solicitor, Laurel Hill Advisory Group, at 888-742-1305.
- The Annual Meeting will be held remotely, ensuring health safety during the pandemic.
- Vislink encourages shareholder participation by emphasizing the importance of every vote.
- Postponement of the Annual Meeting indicates difficulties in securing necessary shareholder votes.
- The reliance on a retail shareholder base may hinder effective communication and engagement.
HACKETTSTOWN, NJ, May 20, 2020 (GLOBE NEWSWIRE) -- Vislink Technologies, Inc. (NASDAQ: VISL) (the “Company”) today announced that the Company plans to adjourn the Annual Meeting of Stockholders, scheduled to be held on Friday, May 22, 2020, to Wednesday, June 17, 2020 by means of remote communication, which will be provided by the Company in a separate communication ahead of the adjourned meeting. The Annual Meeting will continue to be held at 9:00 a.m. (Eastern Time).
As of May 20, 2020, we still have not received a sufficient number of shares voted that are necessary to achieve a quorum in order to hold the Annual Meeting. The Company believes that the delay in obtaining quorum is largely due to the fact that the Company has a broad shareholder base that consists of mostly retail shareholders, as opposed to institutions. Unless notified otherwise ahead of the Annual Meeting, we expect that the Annual Meeting will continue to be held by remote communications to support the health and well-being of our shareholders and Company personnel during the COVID-19 pandemic.
We intend to design the format of the Annual Meeting to provide shareholders the same rights and opportunities to participate as they would at an in-person meeting.
Your vote matters and is important no matter how many shares you own. Please vote promptly and we thank you in advance for your vote!
Stockholders who need assistance in submitting their proxy or voting their shares of our common stock should call the Company’s proxy solicitor, Laurel Hill Advisory Group, at 888-742-1305.
About Vislink Technologies, Inc.
Vislink Technologies is a global leader in the development and distribution of advanced communication solutions. Driven by technical excellence that has led the industry for over 50 years, our innovative products and turnkey solutions provide reliable connectivity in the toughest environments across the global live production, military and government sectors. Our solutions include high-definition communication links that reliably capture, transmit and manage live event footage, as well as secure video systems that support mission-critical applications. Vislink Technologies shares are publicly traded on the Nasdaq Capital Market under the ticker symbol VISL. For more information, visit www.vislink.com.
Note on Forward-looking Statements
This press release may contain projections or other forward-looking statements within the meaning of the Private Securities Litigation Reform Act. These statements involve risks and uncertainties, and actual events or results may differ materially. Among the important factors that could cause actual results to differ materially from those in the forward-looking statements are the risk that our reduction in operating expenses may impact our ability to meet our business objectives and achieve our revenue targets and may not result in the expected improvement in our profitability, the fact that our future growth depends in part on further penetrating our addressable market and also growing internationally, and we may not be successful in doing so; our dependence on sales of certain products to generate a significant portion of our revenue; the effect of a decrease in the sales or change in sales mix of these products would harm our business; the risks that an economic downturn or economic uncertainty in our key U.S. and international markets may adversely affect demand for our products; difficulty in accurately predicting our future customer demand; the importance of maintaining the value and reputation of our brand; and other factors detailed in our Annual Report on Form 10-K for the year ended December 31, 2019 and our other subsequent filings with the Securities and Exchange Commission. These forward-looking statements speak only as of the date hereof or as of the date otherwise stated herein. The Company disclaims any obligation to update these forward-looking statements.
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FAQ
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