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SigmaTron International, Inc. Announces Results of Special Meeting

ELK GROVE VILLAGE, Ill., Oct. 22, 2021 (GLOBE NEWSWIRE) -- SigmaTron International, Inc. (NASDAQ: SGMA), an electronic manufacturing services company, previously announced in a press release on September 29, 2021 that its Special Meeting of stockholders that was scheduled on that day had been adjourned without conducting any business due to insufficient shareholder votes represented by proxy or in person to constitute a quorum of the Company’s outstanding shares of common stock. The meeting was rescheduled to reconvene at 10:00 a.m., Central Daylight Time, on October 22, 2021, to vote on the proposals described in the proxy statement filed with the Securities and Exchange Commission (the “SEC”) on September 8, 2021 (the “Proxy Statement”). The Company did not change the record date for the Special Meeting. Only stockholders of record at the close of business on August 24, 2021 were entitled to vote at the reconvened Special Meeting.

Gary R. Fairhead, Chairman of the Board and Chief Executive Officer of SigmaTron International, Inc. stated, “I am pleased to report that a quorum was present at the meeting today with proxies representing 54.62% of the Company’s outstanding stock voted. Regarding Proposal 1 to approve the issuance to the stockholders of Wagz as merger consideration pursuant to the Agreement and Plan of Merger as described in the Proxy Statement, 87.3% of votes were cast in favor of the Proposal. Regarding Proposal 2 to approve the adoption of the SigmaTron International, Inc. 2021 Employee Stock Option Plan, 83.4% of the votes were cast in favor of the Proposal. Accordingly, both Proposals passed with significant majorities.

I would like to thank the stockholders for their support of the Wagz transaction and both related Proposals. Please note that while both Proposals passed, the closing of the Wagz transaction remains subject to satisfying all conditions to closing set forth in the Agreement and Plan of Merger, for both Wagz and the Company, as described in further detail in the Proxy Statement. We expect that a conclusion will be reached no later than the end of the calendar year.”

About SigmaTron International, Inc.

Headquartered in Elk Grove Village, IL, SigmaTron International, Inc. is an electronic manufacturing services company that provides printed circuit board assemblies and completely assembled 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. maintains engineering and materials sourcing offices in Elgin, Illinois and Taipei, Taiwan.

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Nachrichtenquelle: globenewswire
22.10.2021, 19:25  |  115   |   |   

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SigmaTron International, Inc. Announces Results of Special Meeting ELK GROVE VILLAGE, Ill., Oct. 22, 2021 (GLOBE NEWSWIRE) - SigmaTron International, Inc. (NASDAQ: SGMA), an electronic manufacturing services company, previously announced in a press release on September 29, 2021 that its Special Meeting of …

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