Startek Changes Location for 2020 Annual Meeting of Stockholders and Postpones First Quarter Reporting Due to COVID-19
May 05 2020 - 4:05PM
Business Wire
Startek, Inc. (NYSE:SRT) (the Company), a global provider of
customer experience management solutions, has changed the location
for its 2020 Annual Meeting of Stockholders (the Meeting) due to
the ongoing global pandemic surrounding COVID-19. The Meeting was
originally scheduled for May 12, 2020 at 8:00 a.m. MDT at 6200
South Syracuse Way, Suite 485, Greenwood Village, CO 80111. That
Meeting will be adjourned immediately after it is convened and the
meeting will then be immediately reconvened at 5123 Country Club
Dr, Brentwood, TN 37027 at the same date and time (which will be
9:00 a.m. local time). The original Meeting is being adjourned and
the location of the Meeting is being changed to avoid unnecessary
air travel of certain executive officers.
Due to the ongoing public impact of COVID‑19 and to mitigate
risks to the health and well-being of employees, stockholders,
communities, and other stakeholders, the Company discourages
stockholders from physically attending the adjourned Meeting or the
reconvened Meeting. In light of the rapidly evolving news and
guidelines relating to the COVID-19 pandemic, the Company requests
that all stockholders comply with guidelines and orders of local
government and health officials.
Stockholders may listen to the adjourned Meeting and the
reconvened Meeting by telephone via the following dial-in,
listen-only number: +1 213-375-3254, Conference ID: 391 633
094#.
The Meeting agenda will be limited to the items of business on
the Company’s Proxy Statement for the 2020 Annual Meeting of
Stockholders and no business update will be provided at the
Meeting.
Please be advised that stockholders will not be deemed to be
"present" for quorum purposes and will not be able to vote their
shares, or revoke or change a previously submitted vote, by dialing
into the Meeting. As a result, the Company strongly urges
stockholders to submit their proxies or votes in advance of the
Meeting using one of the available methods described in the proxy
materials. The record date for the Meeting of March 12, 2020 will
remain unchanged. Please note that the proxy card included with the
proxy materials previously distributed may continue to be used to
vote your shares in connection with the Meeting.
Important Notice Regarding the Availability of Proxy Materials
for the Annual Meeting: Our proxy materials are available at
www.proxyvote.com.
Form 10-Q Filing Postponement
Startek is also announcing its intention to postpone the filing
of its Form 10-Q and the issuance of its first quarter results and
related conference call until June 2020.
The current COVID-19 outbreak has caused severe disruptions and
has required the Company’s accounting staff and the staff of the
Company’s independent registered public accounting firm to work
from home, resulting in limited access to the Company’s facilities
and financial records and delays in the closing of the Company’s
books of accounts. In addition, the COVID-19 outbreak has made
collection of data slower and more difficult. These factors have
caused a delay in the Company’s ability to prepare and analyze its
financial statements for inclusion in the Quarterly Report.
On March 25, 2020, the U.S. Securities and Exchange Commission
issued an order granting public issuers impacted by COVID-19 an
exemption from filing requirements due on or before July 1, 2020.
Startek has decided to rely on the conditional relief provided by
the order and intends to file its quarterly report on or before
June 10, 2020, and in any event no later than June 25, 2020, or
within 45 days of the original due date.
About Startek
Startek is a leading global provider of technology-enabled
business process outsourcing solutions. The company provides
omni-channel customer experience management, back office and
technology services to corporations around the world across a range
of industries. The company has more than 47,000 outsourcing experts
across 49 delivery campuses worldwide that are committed to
delivering transformative customer experience for clients. Services
include omni-channel customer care, customer acquisition, order
processing, technical support, receivables management and analytics
through automation, voice, chat, email, social media and IVR,
resulting in superior business results for its clients. To learn
more about Startek’s global solutions, please visit
www.startek.com.
Forward-Looking Statements
The matters regarding the future discussed in this news release
include forward-looking statements as defined in the Private
Securities Litigation Reform Act of 1995. Such forward-looking
statements are intended to be identified in this document by the
words “anticipate,” “believe,” “estimate,” “expect,” “intend,”
“may,” “objective,” “outlook,” “plan,” “project,” “possible,”
“potential,” “should” and similar expressions. As described below,
such statements are subject to a number of risks and uncertainties
that could cause Startek's actual results to differ materially from
those expressed or implied by any such forward-looking statements.
Readers are encouraged to review risk factors and all other
disclosures appearing in the Company's Form 10-K for the fiscal
year ended December 31, 2019, as filed with the SEC on March 12,
2020, as well as other filings with the SEC, including the Form 8-K
filed by the Company on May 5, 2020, for further information on
risks and uncertainties that could affect Startek's business,
financial condition and results of operation. Copies of these
filings are available from the Securities and Exchange Commission,
the Company’s website or the Company’s investor relations
department. Startek assumes no obligation to update or revise any
forward-looking statements as a result of new information, future
events or otherwise. Readers are cautioned not to place undue
reliance on these forward-looking statements that speak only as of
the date herein.
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version on businesswire.com: https://www.businesswire.com/news/home/20200505006005/en/
Ankul Agarwal Investor Relations +91 98192 81998
Ankul.Agarwal@startek.com Sean Mansouri, CFA or Cody Slach Gateway
Investor Relations (949) 574-3860 investor@startek.com
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