Hill International Reschedules Release of Fourth Quarter and Full Year 2018 Financial Results and Conference Call and Announc...
March 13 2019 - 6:00AM
Hill International (NYSE:HIL), the global leader in managing
construction risk, announced today that the release of its
financial results for the fourth quarter and full year ended
December 31, 2018 will be delayed. The financial statement audit is
taking slightly longer than planned, primarily due to the lack of
interim audit work performed throughout the year while the Company
focused on the restatement of prior financial reports. The release
was originally scheduled for Wednesday, March 13, 2019.
Todd Weintraub, Senior Vice President and Chief
Financial Officer, stated: “We are almost complete with our audit
and expect to file in the very near future. Unfortunately due to
the lack of interim audit work performed during the year, we had to
do more work after the end of the fiscal year and that has slightly
delayed the completion of our audit. We expect to file in the very
near future.”
The new release date is expected to be within
the 15-day automatic extension period available to the Company and
will be announced when finalized. Raouf Ghali, Hill’s Chief
Executive Officer, and Todd Weintraub, Senior Vice President and
Chief Financial Officer, will host a conference call the morning
following the release at 8:30 a.m. Eastern Time to discuss the
results.
The Company also announced that the Company’s
2019 Annual Meeting of Stockholders will be held on Tuesday,
June 11, 2019 at 11:00 a.m. Eastern Time. The Company’s Bylaws
provide that a stockholder may propose business for consideration
or nominate persons for election to the Board without seeking to
have the proposal included in the Company’s proxy statement, so
long as the Company receives advance notice of such proposal or
nomination. Since the 2019 Annual Meeting is advancing by
more than 30 days from the anniversary date of last year’s Annual
Meeting, the Company’s Bylaws require that notice of such proposals
or nominations for the 2019 Annual Meeting be received by the
Company no later than March 23, 2019. Any notice must satisfy
the requirements in the Company’s Bylaws applicable to such
proposals or nominations. The Company intends to timely file with
the SEC and send to stockholders proxy materials in connection with
the 2019 Annual Meeting, including the official notice to
stockholders.
About Hill International
Hill International, with approximately 2,700
professionals in more than 50 offices worldwide, provides program
management, project management, construction management, and other
consulting services to clients in a variety of market sectors.
Engineering News-Record magazine recently ranked Hill as the
eighth-largest construction management firm in the United States.
For more information on Hill, please visit our website at
www.hillintl.com.
Forward Looking Statements
Certain statements contained herein may be
considered "forward-looking statements" within the meaning of the
Private Securities Litigation Reform Act of 1995, and it is our
intent that any such statements be protected by the safe harbor
created thereby. Except for historical information, the matters set
forth herein including, but not limited to, any statements of
belief or intent, any statements concerning our plans, strategies,
and objectives for future operations; and any statements regarding
our intent to file late periodic reports or relisting on a national
securities exchange, are forward-looking statements. These
forward-looking statements are based on our current expectations,
estimates and assumptions and are subject to certain risks and
uncertainties. Although we believe that the expectations,
estimates, and assumptions reflected in our forward-looking
statements are reasonable, actual results could differ materially
from those projected or assumed in any of our forward-looking
statements. Important factors that could cause our actual results
to differ materially from estimates or projections contained in our
forward-looking statements are set forth in the Risk Factors
section and elsewhere in the reports we have filed with the
Securities and Exchange Commission, including the preparation of
and the audit or review, as applicable, of filings may take longer
than currently anticipated. We do not intend, and undertake no
obligation, to update any forward-looking statement.
Hill International, Inc. Elizabeth J. Zipf,
LEED AP BD+C Senior Vice President Hill International, Inc.
One Commerce Square 2005 Market Street, 17th Floor
Philadelphia, PA 19103 (215) 309-7707
elizabethzipf@hillintl.com
Hill International, Inc. Todd Weintraub Senior
Vice President and Chief Financial Officer (215) 309-7951
toddweintraub@hillintl.com
InvestorCom John Glenn Grau President (203)
295-7841 jgrau@investor-com.com
(HIL-G)
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