Navios Maritime Holdings Inc. Announces Date of Annual Meeting of the Stockholders and Intention to Seek Stockholder Approval for a 1-for-10 Reverse Stock Split
Navios Maritime Holdings Inc. (NM)
Last navios maritime holdings inc. earnings: 5/28 07:30 am
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US:NYSE Investor Relations:
navios.com/events/default.asp
Company Research
Source: GlobeNewswire
MONACO, Nov. 28, 2018 (GLOBE NEWSWIRE) -- Navios Maritime Holdings Inc. ("the Company") (NYSE: NM), today announced that the Company’s 2018 annual meeting of stockholders will be held at 10:00 a.m., Monaco time, on December 21, 2018, at the Company’s offices at Le Montaigne Bloc B, 7 Avenue de Grande Bretagne, Monaco. The Company’s Board of Directors requested that the stockholders approve a 1-for-10 reverse stock split of the Company’s common stock (the “Reverse Stock Split”) to achieve compliance with the closing bid price requirements in the NYSE’s continued listing standards. Stockholders owning the Company’s common stock on November 28, 2018 will be entitled to vote at the annual meeting. The affirmative vote of a majority of the Company’s issued and outstanding common stock is required to affect the Reverse Stock Split. Abstentions and broker non-votes will be treated as votes against the proposal. If the Reverse Stock Split is approved, (1) every ten pre-split shares
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