Item 5.08 Shareholder Director Nominations
On May 2, 2022, the board of directors (the "Board") of Exela Technologies, Inc.
(the "Company") established June 27, 2022, as the date for the Company's 2022
Annual Meeting of Stockholders (the "Annual Meeting"). Due to the fact that the
date of the Annual Meeting has been changed by more than thirty (30) days from
the anniversary date of the 2021 Annual Meeting of Stockholders, the Company is
providing the due date for submission of any qualified stockholder proposal or
qualified stockholder nominations.
In accordance with Rule 14a-5(f) and Rule 14a-8(e) under the Securities Exchange
Act of 1934, as amended (the "Exchange Act"), and the Company's second amended
and restated bylaws (the "Bylaws"), the deadline for receipt of stockholder
proposals or nominations for inclusion in the Company's proxy statement for the
Annual Meeting pursuant to Rule 14a-8 will be no later than 5:00 p.m., Eastern
Time, May 16, 2022, or the tenth (10th) day following this public announcement
of the meeting date. Stockholder proposals must comply with all of the
applicable requirements set forth in the rules and regulations of the Securities
and Exchange Commission, including Rule 14a-8 under the Exchange Act and the
Bylaws. Stockholder proposals and director nominations should be addressed to
our Secretary, c/o Exela Technologies, Inc. 2701 E. Grauwyler Rd., Irving TX.
75061.
Item 8.01 Other Events
As previously disclosed in Amendment No. 1 to our Schedule TO, filed with the
Securities and Exchange Commission on May 2, 2022 related to our pending Offer
to Exchange (the "Offer"), we intend to declare a dividend of one share of
Tandem Preferred Stock for each share of outstanding Series B Preferred Stock,
subject to the completion of the Offer (the "Tandem Stock Dividend"). The record
date for the Tandem Stock Dividend will be May 17, 2022.
- 2 -© Edgar Online, source Glimpses
EXELA TECHNOLOGIES, INC. 