Important Longs - Future of LPTH Depends on your YES Votes!
Word on the street that this vote is VERY important for the company's future, that "future relationships" depend on it.
If you have been an investor since 12/1 or prior, YOU NEED TO VOTE YES ON PROPOSAL 2 and PROPOSAL 3.
Below is from the news release submitted by the company last week with more information:
Lighpath, a leading vertically integrated global manufacturer, distributor and integrator of proprietary optical and infrared components and high-level assemblies, announced today that its Annual Meeting of Shareholders scheduled for January 28, 2016 has been adjourned to February 25, 2016 at 11:00 am ET, and will take place at the Company's offices at 2603 Challenger Tech Court, Suite 130, Orlando, FL 32826. The adjournment period will allow for the continued solicitation of proxies from shareholders with respect to Proposal 2, the proposal to increase the board size from seven to twelve directors, and Proposal 3, the proposal to modify the percentage of shareholder votes needed to change the board size, from 85% to a majority of shares represented.
Shareholders who have already voted do not need to recast their votes. Proxies previously submitted will be voted at the reconvened meeting unless properly revoked. Shareholders who have not already voted or wish to change their vote are encouraged to do so using the instructions provided in your voting instruction form or proxy card.
The Company filed a proxy statement for its 2016 Annual Meeting with the Securities and Exchange Commission on December 18, 2015. Shareholders as of the record date of December 1, 2015 who have not yet voted are encouraged to vote during the adjournment period. Additionally, shareholders are urged to read the proxy statement and other relevant information on file with the Securities and Exchange Commission.
As of January 28, 2016, the proposals had the support of over 80% of the Company's outstanding shares. Under the Company's articles of incorporation the proposals require support from 85% of the outstanding shares. During the period of adjournment, the Company will continue to solicit proxies from stockholders.
Stockholders who have not yet voted are encouraged to do so before February 25, 2016. If stockholders need any assistance in voting their shares, please contact the Company's proxy solicitor, Alliance Advisors, LLC, at 877-777-8133 or via email at LPTH@allianceadvisorsllc.com.
