ModusLink Global Solutions, Inc. said that it will further adjourn its 2013 Annual Meeting to allow additional time for stockholders to vote on Proposal 2.
In a release, the Company noted event details:
The Annual Meeting will reconvene on March 11, at 9 a.m. Eastern time at the offices of Olshan Frome Wolosky located at 65 East 55th Street, New York, NY 10022 for the purpose of holding a stockholder vote on Proposal 2.
Proposal 2 would eliminate the classification of the Board and provide instead for the annual election of Directors commencing with the Company's 2014 annual meeting of stockholders, which will be held after the fiscal year ending on July 31. The proposal is described in detail in the Company's definitive proxy statement for the Annual Meeting as filed with the Securities and Exchange Commission on October 29, 2013.
As of February 11, the proposal had the support of approximately 73 percent of the Company's outstanding shares. Under the Company's by-laws the proposal requires support from 75 percent of the outstanding shares.
During the period of the adjournment, ModusLink will continue to solicit proxies from its stockholders with respect to Proposal 2. Stockholders who have already voted need not take any action on the proposal, although they may change their vote for the proposal by executing a new proxy, revoking a previously given proxy, in the manner set forth in ModusLink's proxy statement.
ModusLink encourages all stockholders who have not yet voted on Proposal 2 to do so before March 11. If stockholders need any assistance in voting their shares, please contact our proxy solicitor, MacKenzie Partners, Inc. at 800-322-2885 or via email at email@example.com.
This information is being provided to stockholders in addition to ModusLink's definitive proxy statement, filed with the Securities and Exchange Commission (the "SEC") on October 29, 2013. Copies of ModusLink's definitive proxy statement and any other materials filed by the Company with the SEC can be obtained free of charge at the SEC's website at sec.gov or from the Company's website at moduslink.com. Please read the complete proxy statement, the accompanying materials and any additional proxy soliciting materials that ModusLink may file with the SEC carefully before you make a voting decision as they contain important information. Only stockholders who held the Company's common stock as of the record date of October 21, 2013 are eligible to vote. ModusLink, its directors and certain of its executive officers may be deemed to be participants in the solicitation of proxies from stockholders. Detailed information regarding the identity of the potential participants, and their direct or indirect interests, by security holdings or otherwise, is set forth in ModusLink's definitive proxy statement.
((Comments on this story may be sent to firstname.lastname@example.org))