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
IRVING, Texas, June 12, 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.
FOR ASSISTANCE WITH VOTING YOUR SHARES PLEASE CONTACT OUR PROXY SOLICITOR ADVANTAGE PROXY, INC. AT 1-877-870-8565 OR VIA EMAIL TO [email protected]. WE MUST RECEIVE YOUR VOTE BEFORE THE ELECTRONIC VOTING CUTOFF AT 11:59 P.M. EASTERN TIME ON JUNE 12, 2024.
If you hold shares at Robinhood, look for an alert in your Robinhood app or online. For most other stockholders, look for an email from proxyvote.com.
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 record date for the Meeting. If you were a stockholder on the record date, please vote, even if you no longer own the shares. The proxy statement (the “Proxy Statement”) filed in connection with the Meeting can be found here: https://www.sec.gov/Archives/edgar/data/1620179/000110465924054125/tm242841-1_def14a.htm
STOCKHOLDERS SHOULD READ THE PROXY STATEMENT, AS FILED ON APRIL 29, 2024, BECAUSE IT CONTAINS IMPORTANT INFORMATION REGARDING THE PROPOSALS.
The information posted on the Company's website and/or via its social media accounts may be deemed material to investors. Accordingly, investors, mediaandothersinterestedintheCompanyshouldmonitortheCompany'swebsiteanditssocialmediaaccountsinadditiontotheCompany'spress releases, SEC filings and public conference calls and webcasts.
AdditionalInformationandWheretoFindIt
ThiscommunicationmaybedeemedsolicitationmaterialinrespectoftheMeeting.Thiscommunicationdoesnotconstitutea solicitationofanyvoteorapproval.InconnectionwiththeMeeting,theCompanyhasfiledwiththeSecuritiesandExchangeCommission (the “SEC”)andhasmailedorotherwiseprovidedtoitsstockholdersaproxystatementregardingthebusinesstobeconductedattheMeeting.The CompanymayalsofileotherdocumentswiththeSECregardingthebusinesstobeconductedattheMeeting.Thisdocumentisnota substitute for the proxy statement or any other document that may be filed by the Company with theSEC.
BEFORE MAKING ANY VOTING DECISION, THE COMPANY’S STOCKHOLDERS ARE URGED TO READ THE PROXY STATEMENT AND ANY SUPPLEMENTS THERETOIN ITS ENTIRETY AND ANY OTHER DOCUMENTS FILEDBY THE COMPANY WITH THE SECIN CONNECTIONWITH THE BUSINESS TO BE CONDUCTED AT THE MEETING BEFORE MAKING ANY VOTING OR INVESTMENT DECISION WITHRESPECTTOTHEBUSINESSTOBECONDUCTEDATTHEMEETINGBECAUSETHEYCONTAINIMPORTANTINFORMATION ABOUT THE BUSINESS TO BE CONDUCTED AT THE MEETING.
Stockholders may obtain a free copy of the proxy statement and other documents the Company files with the SEC (when available) through the website maintained by the SEC at www.sec.gov. The Company makes available free of charge on its investor relations website at https://investors.exelatech.com/news-and-events/presentationscopies of materials it files with, or furnishes to, the SEC.
ParticipantsintheSolicitation
The Company and its directors, executive officers and certain employees and other persons may be deemed to be participants in the solicitation of proxies from the Company’s stockholders in connection with the business to be conducted at the Meeting. Security holders may obtain information regardingthenames,affiliationsandinterestsoftheCompany’sdirectorsandexecutiveofficersintheProxyStatement.To the extent the holdings of the Company’s securities by the Company’s directors and executive officers have changed since the amounts set forth in the Proxy Statement, such changes have been or will be reflected on Statements of Change in Ownership on Form 4 filed with theSEC.
About Exela Technologies
Exela Technologies is a business process automation (BPA) leader, leveraging a global footprint and proprietary technology to provide digital transformation solutions enhancing quality, productivity, and end-user experience. With decades of experience operating mission-critical processes, Exela serves a growing roster of more than 4,000 customers throughout 50 countries, including over 60% of the Fortune? 100. Utilizing foundational technologies spanning information management, workflow automation, and integrated communications, Exela’s software and services include multi-industry, departmental solution suites addressing finance and accounting, human capital management, and legal management, as well as industry-specific solutions for banking, healthcare, insurance, and the public sector. Through cloud-enabled platforms, built on a configurable stack of automation modules, and approximately 13,600 employees operating in 20 countries, Exela rapidly deploys integrated technology and operations as an end-to-end digital journey partner.
Forward-LookingStatements
Certain statements included in this press release are not historical facts but are forward-looking statements for purposes of the safe harbor provisions under The Private Securities Litigation Reform Act of 1995. Forward-looking statements generally are accompanied by words such as "may", "should", "would", "plan", "intend", "anticipate", "believe", "estimate", "predict", "potential", "seem", "seek", "continue", "future", "will", "expect", "outlook" or other similar words, phrases or expressions. These forward-looking statements include statements regarding our industry, future events, estimated or anticipated future results and benefits, future opportunities for Exela, and other statements that are not historical facts. These statements are based on the current expectations of Exela management and are not predictions of actual performance. These statements are subject to a number of risks and uncertainties, including without limitation those discussed under the heading "Risk Factors" in Exela's Annual Report on Form 10-K and other securities filings. In addition, forward-looking statements provide Exela's expectations, plans or forecasts of future events and views as of the date of this communication. Exela anticipates that subsequent events and developments will cause Exela's assessments to change. These forward-looking statements should not be relied upon as representing Exela's assessments as of any date subsequent to the date of this press release.