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Paragon Shipping Inc. Announces Adjournment of Annual Meeting of Shareholders
Paragon Shipping Inc. Announces Adjournment of Annual Meeting of Shareholders.
About this update from Paragon Shipping Inc
[{"type":"text","content":"\n\n\n\nParagon Shipping Inc. Announces Adjournment of Annual Meeting of Shareholders\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\nParagon Shipping Inc. Announces Adjournment of Annual Meeting of Shareholders\nPR Newswire\nATHENS, Greece, May 31, 2017\n\n\n\nATHENS, Greece, May 31, 2017 /PRNewswire/ -- Paragon Shipping Inc. (the \"Company\") announced that the Annual Meeting of Shareholders (the \"Annual Meeting\") of the Company held today has been adjourned until June 15, 2017 to allow additional time for the solicitation of proxies. The meeting will re-convene at the premises of the Company at 15 Karamanli Ave. 166 73 Voula, Greece, on June 15, 2017, at 12:00 p.m. local time.\n\nThe business scheduled for the re-convened Annual Meeting remains the same as set forth in the Company's Proxy Statement for Annual Meeting of Shareholders dated April 19, 2017.  Shareholders of the Company will consider and vote upon the following proposals:\n\n\nTo elect two Class A Directors and one Class B Director of the Company to serve until the 2020 Annual Meeting of Shareholders (\"Proposal One\");\nTo consider and vote upon a proposal to ratify the appointment of Ernst & Young (Hellas) Certified Auditors-Accountants S.A., as our independent registered public accounting firm for the fiscal year ending December 31, 2017 (\"Proposal Two\");\nTo grant discretionary authority to the Company's board of directors to (A) amend the Amended and Restated Articles of Incorporation of the Company to effect one or more consolidations of the issued and outstanding shares of common stock, pursuant to which the shares of common stock would be combined and reclassified into one share of common stock ratios within the range from 1-for-2 up to 1-for-1,000 (the \"Reverse Stock Split\") and (B) determine whether to arrange for the disposition of fractional interests by shareholder entitled thereto, to pay in cash the fair value of fractions of a share of common stock as of the time when those entitled to receive such fractions are determined, or to entitle shareholder to receive from the Compa...