Inc. (NASDAQ: INWK), the leading global marketing execution
firm, announced today that the Company has rescheduled the date for its
2018 annual meeting of stockholders (the “Annual Meeting”).
The Annual Meeting will be held on Thursday, September 6, 2018. The
Company had originally scheduled the Annual Meeting to occur on May 31,
2018. As previously disclosed, the Annual Meeting was postponed because
the Company is in the process of restating its historical financial
statements (the “Restatement”) and requires additional time to complete
The Company intends to file an amendment to its definitive proxy
statement for the Annual Meeting with the Securities and Exchange
Commission to reflect, among other things, the rescheduled meeting date
for the Annual Meeting and the new record date for the Annual Meeting.
The Company will mail a new notice of Annual Meeting and proxy card to
all stockholders entitled to vote as of the record date for the Annual
Completion of the Restatement and the filing of an amendment to the
Company’s 2017 Annual Report on Form 10-K are now expected to occur
during the month of July 2018, at which time the Company will notify
stockholders of the new date and time of its first quarter 2018 earnings
release and conference call. Based on the Company’s current assessment
of Restatement impacts, which remain subject to additional analysis, the
Company now estimates the aggregate impact of the corrections on income
before income taxes as follows:
For the year ended December 31, 2017, a decrease in income before
income taxes of $4.5 - $5.5 million;
For the year ended December 31, 2016, a decrease in income before
income taxes of $1.0 - $1.5 million; and
For the year ended December 31, 2015, no material impact on income
before income taxes.
InnerWorkings, Inc. (NASDAQ: INWK) is the leading global marketing
execution firm serving Fortune 1000 brands across a wide range of
industries. As a comprehensive outsourced enterprise solution, the
Company leverages proprietary technology, an extensive supplier network
and deep domain expertise to streamline the production of branded
materials and retail experiences across geographies and formats.
InnerWorkings is headquartered in Chicago, IL and employs approximately
2,000 individuals to support global clients in the execution of
multi-faceted brand campaigns in every major market around the world.
Among the many industries InnerWorkings serves are: retail, financial
services, hospitality, consumer packaged goods, not-for-profits,
healthcare, food & beverage, broadcasting & cable, automotive, and
transportation. For more information visit: www.inwk.com.
Additional Information and Where to Find It
The Company, its directors and certain of its executive officers are
participants in the solicitation of proxies from the Company’s
stockholders in connection with the matters to be considered at
Company’s upcoming Annual Meeting. The Company filed with the U.S.
Securities and Exchange Commission (the “SEC”) on April 18, 2018 a
definitive proxy statement and form of proxy card in connection with its
solicitation of proxies from Company stockholders for the Annual
Meeting. Company stockholders are strongly encouraged to read the
definitive proxy statement (including any supplements or amendments
thereto), the accompanying form of proxy card and any other relevant
documents that the Company files with the SEC when they become available
because they will contain important information. Detailed information
regarding the identity of participants and their direct or indirect
interests, by security holdings or otherwise, is set forth in the proxy
statement and other materials filed by the Company with the SEC.
Stockholders are able to obtain the proxy statement, any supplements or
amendments to the proxy statement and other documents filed by the
Company with the SEC for no charge at the SEC’s website at http://www.sec.gov.
Copies can also be obtained at no charge at the Investors section of the
Company’s website at http://investor.inwk.com,
by writing to InnerWorkings at Investor Relations, InnerWorkings, Inc.,
600 West Chicago Avenue, Chicago, IL 60654, or by calling Bridget Freas,
Vice President, Finance and Investor Relations, at (312) 589-5613.
This release contains forward-looking statements under the federal
securities laws. We can give no assurance regarding any of these
statements. Any forward-looking statements represent our views only as
of today and should not be relied upon as representing our views as of
any subsequent date. These statements are subject to a variety of risks
and uncertainties that could cause our actual results to differ
materially from the statements contained in this release. For a
discussion of important factors that could affect our actual results,
please refer to our SEC filings, including the “Risk Factors” section of
our most recently filed Form 10-K.
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