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Energy Focus Announces Adjournment of Annual Meeting of Stockholders until Wednesday, January 15, 2020
Five Out of Six Proposals Approved Annual Meeting adjourned solely with respect to Proposal 3 All three major independent proxy advisory firms recommend
About this update from Energy Focus, Inc.
[{"type":"text","content":"Five Out of Six Proposals Approved\n Annual Meeting adjourned solely with respect to Proposal 3 All three major independent proxy advisory firms recommend approval of Proposal 3 SOLON, Ohio, Dec. 17, 2019 (GLOBE NEWSWIRE) -- Energy Focus, Inc. (NASDAQ: EFOI), a leader in advanced LED lighting technologies and solutions, announced that its 2019 Annual Meeting of Stockholders (the “Annual Meeting”), scheduled for Tuesday, December 17, 2019, was convened and Proposals 1, 2, 4, 5, and 7 each as set forth in the Company’s revised definitive proxy statement filed with the Securities and Exchange Commission (“SEC”) on November 8, 2019, as supplemented by the supplement filed with the SEC on December 13, 2019 (the “Proxy Statement”), were approved. With respect to Proposal 6 (an advisory vote with respect to the frequency of future advisory votes on the compensation of the Company’s named executive officers), a frequency of every two years received the most votes. The Company adjourned the Annual Meeting with respect to Proposal 3, a proposal to amend the Certificate of Incorporation, as amended, of the Company to increase the number of authorized shares of common stock, and the number of authorized shares of preferred stock of the Company and to increase the number of shares of Series A Preferred Stock. While Proposal 3 has received the support of the majority of shares voting on the proposal, approval of more than 50% of all outstanding shares of the Company’s common stock as of October 25, 2019 is necessary for the proposal to be approved. The adjournment will allow for the solicitation of additional votes on Proposal 3. The adjourned Annual Meeting with respect to Proposal 3 will take place on Wednesday, January 15, 2020, at 9:00 A.M. Eastern Time. The adjourned Annual Meeting will be held virtually and can be accessed by visiting www.virtualshareholdermeeting.com/EFOI2019, where you will be able to listen to and participate in the adjourned Annual Meeting live and submit questions. Stockholders attending the adjourned Annual Meeting by remote communication shall be deemed present in person and permitted to vote on Proposal 3 at the adjourned Annual Meeting. Institutional Shareholder Services (ISS), Glass Lewis and Egan-Jones, all three of the world's largest independent proxy advisory firms, have each recommended that their clients...