TUALATIN, Oregon, Nov. 13, 2017 /PRNewswire/ -- CUI Global, Inc.
(NASDAQ: CUI), will hold its 2017 Annual Shareholders' Meeting at
5:00 pm CST on Friday, December 1, 2017 at its new Orbital Gas
Systems, North America, Inc.
facility, located at 1924 Aldine Western Road, Houston, Texas 77038 for the following
purposes:
- Election of six directors to hold office until the 2018 Annual
Meeting of Stockholders or until their respective successors have
been duly elected and qualified;
- Ratification of the appointment of Perkins & Company, P.C.
of the BDO Seidman Alliance as the Company's independent registered
public accountant for the year ending December 31, 2017;
- Advisory approval of the company's executive compensation
(Say-on-Pay);
- To transact such other business as may properly come before the
Annual Meeting or any adjournments or postponements thereof.
The Board of Directors ("the board") will hold its annual
meeting at the same Houston
location. The board agenda includes the appointment of a new
independent director to fill a vacancy on the board who will serve
until the 2018 Annual Meeting of Stockholders. The intended
appointee is a veteran gas/energy executive with significant
experience in finance, administration, operations, human resources,
corporate development, and natural gas/energy marketing. He
has consented to serve and a majority of the board has interviewed
and designated approval of his appointment to fill the
vacancy.
The new director will be an independent director within the
meaning of Rule 5605(a)(2) of the
NASDAQ Stock Market and will serve as the fourth independent
director on the Nominating Committee with Messers Rooney, Price and
Lambrecht.
Director Paul White abstained
from this nominating process and stepped down from the Nominating
Committee during his temporary assignment at our U.K.
facility.
About CUI Global, Inc.
Delivering Innovative Technologies for an Interconnected
World . . . . .
CUI Global, Inc. is a publicly traded company dedicated to
maximizing shareholder value through the acquisition and
development of innovative companies, products and technologies.
From Orbital Gas Systems' advanced GasPT platform targeting the
energy sector, to CUI Inc.'s digital power platform serving the
networking and telecom space, CUI Global and its subsidiaries have
built a diversified portfolio of industry leading technologies that
touch many markets. As a publicly traded company, shareholders are
able to participate in the opportunities, revenues, and profits
generated by the products, technologies, and market channels of CUI
Global and its subsidiaries. But most importantly, a commitment to
conduct business with a high level of integrity, respect, and
philanthropic dedication allows the organization to make a
difference in the lives of their customers, employees, investors
and global community.
For more information please visit www.cuiglobal.com.
Important Cautions Regarding Forward Looking
Statements
This document contains forward-looking
statements within the meaning of Section 27A of the Securities Act
of 1933, as amended, and Section 21E of the Securities Exchange Act
of 1934, as amended. Such statements are subject to risks and
uncertainties that could cause actual results to vary materially
from those projected in the forward-looking statements. The Company
may experience significant fluctuations in future operating results
due to a number of economic, competitive, and other factors,
including, among other things, our reliance on third-party
manufacturers and suppliers, government agency budgetary and
political constraints, new or increased competition, changes in
market demand, and the performance or reliability of our products.
These factors and others could cause operating results to vary
significantly from those in prior periods, and those projected in
forward-looking statements. Additional information with respect to
these and other factors, which could materially affect the Company
and its operations, are included in certain forms the Company has
filed with the Securities and Exchange Commission.
Media
Contact:
CUI Global,
Inc.
Jeff
Schnabel
Main:
503-612-2300
press@cuiglobal.com
|
External IR
contact:
LHA Investor
Relations
Sanjay M.
Hurry
212-838-3777
cuiglobal@lhai.com
|
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