UQM Technologies Adjourns Shareholder Meeting
December 09 2016 - 12:20PM
Business Wire
UQM TECHNOLOGIES, INC. (NYSE MKT: UQM), UQM Technologies,
Inc. (UQM) announced that it has adjourned its Annual Shareholder
Meeting with respect to two separate proposals to amend UQM’s
Articles of Incorporation: one proposal which, among other things,
would increase the number of shares of outstanding stock to permit
sufficient shares to be issued to Hybrid Kinetic’s subsidiary and
the other proposal which would reduce the voting requirements for
future amendments to the Articles of Incorporation and other
corporate actions from the current two-thirds threshold to a
majority threshold.
The Company’s proxy solicitors continue to gather votes and
progress has been made in getting closer to the required threshold,
but more time is needed. So the meeting will reconvene on December
21, 2016, allowing shareholders additional time to vote on the two
proposals to amend the articles of incorporation.
During the pendency of the adjourned meeting, shareholders
holding shares as of the record date of October 4, 2016, who have
not yet voted are encouraged to vote.
The adjourned meeting will be held on December 21, 2016 at 10:00
a.m., at the Company’s offices, 4120 Specialty Place, Longmont,
Colorado.
About UQM
UQM Technologies is a developer and manufacturer of power-dense,
high-efficiency electric motors, generators, power electronic
controllers and fuel cell compressors for the commercial truck,
bus, automotive, marine, military and industrial markets. A major
emphasis for UQM is developing propulsion systems for electric,
hybrid electric, plug-in hybrid electric and fuel cell electric
vehicles. UQM is TS 16949 and ISO 14001 certified and located in
Longmont, Colorado. For more information, please visit
www.uqm.com.
Source: UQM Technologies, Inc.
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EnergyTech Investor LLCShawn Severson,
415-233-7094orUQM Technologies, Inc.David
Rosenthal, 303-682-4900
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