Verso Corporation to Hold Virtual 2020 Annual Meeting of Stockholders

Rhea-AI Summary

Verso Corporation (NYSE: VRS) will conduct its 2020 Annual Meeting of Stockholders virtually due to the COVID-19 pandemic. Scheduled for August 5, 2020, at 10:00 a.m. (Eastern Time), the meeting will be accessible via live audio webcast. Stockholders can participate by visiting this link with their control number. Voting is encouraged in advance of the meeting, and the proxy materials remain unchanged despite the location switch. Additional details can be found in the supplemental proxy materials filed on July 21, 2020.

Positive

• Transitioning to a virtual meeting format allows for broader accessibility for stockholders amid pandemic restrictions.
• Encouragement for stockholders to vote promptly demonstrates commitment to shareholder engagement.

Negative

• Transition to a virtual meeting could potentially decrease in-person engagement and dialogue between management and stockholders.

MIAMISBURG, Ohio, July 21, 2020 /PRNewswire/ -- Verso Corporation (NYSE: VRS) today announced that due to the public health impact of the novel coronavirus (COVID-19) pandemic and to protect the health and well-being of its employees, stockholders and the broader community, Verso will hold its 2020 Annual Meeting of Stockholders in a virtual meeting format only, via live audio webcast. As previously announced, the Annual Meeting will be held on Wednesday, August 5, 2020 beginning at 10:00 a.m. (Eastern Time). Stockholders and guests will not be able to attend the Annual Meeting in person.

Stockholders will be able to attend the virtual Annual Meeting, vote their shares, and submit questions during the meeting by visiting www.virtualshareholdermeeting.com/VRS2020 and entering the 16-digit control number that was included in their proxy card or voting instruction form. Stockholders are encouraged to access the virtual Annual Meeting prior to its start time. Online access will begin at 9:45 a.m. (Eastern Time). Questions submitted during the Annual Meeting must relate to the proposals being considered and voted upon at the meeting. 

Whether or not stockholders plan to attend the virtual Annual Meeting, we urge all stockholders to vote promptly and in advance of the meeting by using one of the methods described in the proxy materials. The proxy card or voting instruction form previously distributed to stockholders will not be updated to reflect the change in location and may continue to be used to vote the shares in connection with the Annual Meeting.

Verso's proxy statement and 2019 Annual Report are available at www.viewproxy.com/Verso/2020. For additional information regarding accessing and participating in the virtual Annual Meeting, please refer to Verso's supplemental proxy materials filed with the Securities and Exchange Commission on July 21, 2020.

About Verso Corporation

Verso Corporation is the turn-to company for those looking to successfully navigate the complexities of paper sourcing and performance. A leading North American producer of graphic and specialty papers, packaging and pulp, Verso provides insightful solutions that help drive improved customer efficiency, productivity, brand awareness and business results. Verso's long-standing reputation for quality and reliability is directly tied to our vision to be a company with passion that is respected and trusted by all. Verso's passion is rooted in ethical business practices that demand safe workplaces for our employees and sustainable wood sourcing for our products. This passion, combined with our flexible manufacturing capabilities and an unmatched commitment to product performance, delivery and service, make Verso a preferred choice among commercial printers, paper merchants and brokers, converters, publishers and other end users. For more information, visit us online at versoco.com.

 

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SOURCE Verso Corporation

FAQ

When is Verso Corporation's virtual Annual Meeting scheduled?

Verso Corporation's virtual Annual Meeting is scheduled for August 5, 2020, at 10:00 a.m. (Eastern Time).

How can stockholders participate in the 2020 Annual Meeting of Verso Corporation?

Stockholders can participate by visiting www.virtualshareholdermeeting.com/VRS2020 and entering their 16-digit control number.

Why is Verso Corporation holding a virtual Annual Meeting?

The virtual Annual Meeting is being held to protect the health and well-being of employees and stockholders due to the COVID-19 pandemic.

What should stockholders do with their proxy materials for the Annual Meeting?

Stockholders should use the previously distributed proxy materials to vote their shares, as the materials will not be updated for the virtual format.

When will online access to the Verso Corporation Annual Meeting begin?

Online access to the Annual Meeting will begin at 9:45 a.m. (Eastern Time) on August 5, 2020.