SigmaTron International, Inc. Adjournment of Special Meeting | Your money
ELK GROVE VILLAGE, Ill., September 30, 2021 (GLOBE NEWSWIRE) – SigmaTron International, Inc. (NASDAQ: SGMA), an electronics manufacturing services company, today announced that due to insufficient shareholder votes represented by proxy or in person to constitute a quorum of the outstanding ordinary shares of the Company for the commercial transaction, it adjourned, without conducting any business, its special meeting of shareholders (the “Special Meeting”) which was to be held in 10:00 a.m. Central Daylight Time on September 29, 2021 and will meet again at 10:00 a.m. Central Daylight Time on October 22, 2021 to vote on the proposals described in the proxy circular filed with the Securities and Exchange Commission (the ” SEC ”) on September 8, 2021 (the“ Proxy Statement ”). The Company has not changed the recording date of the Extraordinary Meeting. Only shareholders registered at the close of business on August 24, 2021 have the right to vote at the resumption of the extraordinary meeting.
Gary R. Fairhead, Chairman, CEO and President of SigmaTron International, Inc., said the company adjourned the special meeting to give its shareholders more time to vote. The Company will continue to solicit proxies from its shareholders with respect to the proposals set out in the proxy statement. Proxies previously submitted for the special meeting will be voted on at the adjourned meeting, unless they are duly revoked. All eligible shareholders who did not vote are encouraged to vote on this important matter.
No modification was made to the proposals submitted to the vote of the shareholders at the Special Meeting. The proxy statement and any other documents filed by the Company with the SEC remain unchanged and may be obtained free of charge from the SEC’s website at www.sec.gov. Any shareholder needing assistance in voting should call the Company at 800-700-9095.
Based in Elk Grove Village, Ill., SigmaTron International, Inc. is an electronics manufacturing services company that provides fully assembled printed circuit board assemblies and electronic products. SigmaTron International, Inc. operates manufacturing facilities in Elk Grove Village, Illinois; Acuna, Chihuahua and Tijuana, Mexico; Union City, California; Suzhou, China, and Ho Chi Minh City, Vietnam. SigmaTron International, Inc. has engineering and materials sourcing offices in Elgin, Illinois and Taipei, Taiwan.
Note: This press release contains forward-looking statements. Words such as “continue”, “anticipate”, “will”, “expect”, “believe”, “plan” and similar expressions identify forward-looking statements. These forward-looking statements are based on the Company’s current expectations. Since these forward-looking statements involve risks and uncertainties, the plans, actions and actual results of the Company could differ materially. Such statements should be evaluated in the context of the direct and indirect risks and uncertainties inherent in the business of the Company, including, but not limited to, the Company’s continued dependence on certain major clients; continued market acceptance of the products and services offered by the Company and its customers; pricing pressures from the Company’s customers, suppliers and market; the activities of competitors, some of whom may have financial or other resources greater than those of the Company; the variability of the Company’s operating results; the results of long-lived asset impairment tests; the ability to realize expected benefits from acquisitions as well as expenses from acquisitions; the recovery of old debts; the variability of the requirements of the Company’s customers; the availability and cost of necessary components and materials; the ability of the Company and its customers to keep abreast of technological changes within its industries; regulatory compliance, including conflict minerals; the continued availability and sufficiency of the Company’s credit arrangements, including the phase-out of LIBOR; the ability to meet the Company’s financial and restrictive covenants under its loan agreements; changes in US, Mexican, Chinese, Vietnamese or Taiwanese regulations affecting the Company’s business; turmoil in the global economy and financial markets; the spread of COVID-19 and its variants which threatened the financial stability of the company by causing a decrease in consumer spending, had a negative impact on global economies, caused a disruption of the global supply chain of the company and caused the company to experience government-mandated plant closures or reduced production due to downsizing; the stability of the economic, labor and political systems and conditions of the United States, Mexico, China, Vietnam and Taiwan; fluctuations in exchange rates; and the Company’s ability to manage its growth. These and other factors that may affect the Company’s future business and operating results are identified throughout the Company’s annual report on Form 10-K, and as risk factors, may be detailed from time to time in documents filed by the Company with the Securities and Exchange Commission. . These statements are valid as of the date of such filings, and the Company assumes no obligation to update such statements in light of future events or otherwise, except as required by law otherwise.
For more information contact: SigmaTron International, Inc. Linda K. Frauendorfer 1-800-700-9095
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