XELAP - Exela Technologies Reminds Stockholders to Cast Their Vote for Upcoming Annual Meeting of Stockholders to be held on June 13 2024 at 10:00 a.m. Central Time | Benzinga
IRVING, Texas, June 04, 2024 (GLOBE NEWSWIRE) -- Exela Technologies, Inc. ("Exela" or the "Company") (NASDAQ:XELA, XELAP)), a business process automation leader, today reminds its stockholders to vote ahead of the upcoming annual meeting of stockholders (the "Meeting"). The Meeting will be held online at www.virtualshareholdermeeting.com/XELA2024 on Thursday, June 13, at 10:00 AM CT. The Board of Directors of Exela unanimously recommends that the Company's stockholders vote (i) "FOR" each director nominee, (ii) for future advisory votes on executive compensation to occur every "1 Year" and (iii) "FOR" all other proposals.
The Company urges all stockholders to exercise their right to vote their shares by proxy TODAY. At the Meeting, stockholders are being asked to approve (i) the election of Class A and Class C directors, (ii) the compensation of the Company's named executive officers for the fiscal year ending December 31, 2023 (on a non-binding, advisory basis), (iii) the frequency of future advisory votes on executive compensation (on a non-binding, advisory basis), (iv) the adoption of the Company's 2024 stock incentive plan, (v) the adoption of an amendment to the Company's certificate of designations of the Company's Series B Cumulative Convertible Perpetual Preferred Stock (the "Series B Certificate of Designations") to allow the Company, in its sole discretion, to have the ability to (a) pay dividends in shares of common stock, (b) pay less than all of the accrued dividends, and (c) pay dividends on any date designated by the Company's board of directors for the payment of dividends, (vi) the appointment of the auditors and independent registered public accounting firm for the fiscal year ending December 31, 2024 and (vii) the adjournment of the Meeting, if necessary, to permit further solicitation of proxies if there are not sufficient votes at the time of the meeting to approve the proposal relating to the amendment to the Series B Certificate of Designations.
The Company asks that all stockholders vote their proxy, no matter how many shares they own. Each stockholder can vote his or her proxy by following the easy instructions on the proxy card which was mailed to all registered stockholders holding shares as of the close of business on April 17, 2024, the ...