Altai Capital Responds to Amber Road’s Postponement of Annual Meeting
AMBER ROAD INC (AMBR)
Last amber road inc earnings: 5/9 04:15 pm
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Source: Business Wire
Company’s Action Constitutes Unnecessary Delay and Hinders Shareholders’ Ability to Elect Representatives to the Board Underscores Need for Change on the Board by Electing Altai Capital’s Highly Qualified Nominees Marshall Heinberg and Jim Watson NEW YORK--(BUSINESS WIRE)-- Altai Capital Management, L.P. (“Altai Capital”), one of the largest shareholders of Amber Road, Inc. (NYSE: AMBR) (“Amber Road” or, the “Company”), today issued the following statement regarding the Company’s sudden announcement that it will postpone the 2019 Annual Meeting of Stockholders (the “Annual Meeting”), which was originally scheduled for May 7, 2019, by more than a month to June 18, 2019. “The unexplained decision of Amber Road’s Board to postpone the Annual Meeting appears to us to be a clear attempt to further entrench the Board and avoid accountability. We believe investors deserve the opportunity to voic
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