Enservco Adjourns Annual Meeting of Stockholders in Order to Solicit Proxies in Support of Proposal to Reincorporate the Comp...
June 28 2021 - 8:00AM
Enservco Corporation (NYSE American: ENSV), a diversified national
provider of specialized well-site services to the domestic onshore
conventional and unconventional oil and gas industries, today
announced that on June 25, 2021, it adjourned its Annual Meeting of
Stockholders with respect to its proposal to reincorporate the
Company in the state of Nevada. The Annual Meeting will be
reconvened on July 23, 2021, at 10:00 a.m. Mountain Time at the
Company’s headquarters. During the period of adjournment, the
Company will continue to accept stockholder votes only on its
proposal to reincorporate the Company in the state of Nevada.
The Company intends to engage proxy solicitation
firm Advantage Proxy to contact shareholders and solicit their
support for Enservco’s proposal to reincorporate the Company in the
state of Nevada. Such reincorporation is expected to result in
significant annual cost savings for the Company.
Enservco’s Board of Directors strongly recommends
that shareholders vote in favor the reincorporation proposal.
In other business at the June 25th meeting,
stockholders ratified the appointment of Plante & Moran, PLLC,
as the Company’s independent registered public accounting firm;
reelected Richard Murphy, William Jolly and Robert Herlin as
directors; and approved the adjournment of the Annual Meeting of
Stockholders.
About Enservco Through its
various operating subsidiaries, Enservco provides a range of
oilfield services, including hot oiling, acidizing, frac water
heating, and related services. The Company has a broad geographic
footprint covering seven major domestic oil and gas basins and
serves customers in Colorado, Montana, New Mexico, North Dakota,
Oklahoma, Pennsylvania, Ohio, Texas, Wyoming and West
Virginia. Additional information is available at
www.enservco.com.
Cautionary Note Regarding Forward-Looking
Statements
This news release contains information that is
"forward-looking" in that it describes events and conditions
Enservco reasonably expects to occur in the future. Expectations
for the future performance of Enservco are dependent upon a number
of factors, and there can be no assurance that Enservco will
achieve the results as contemplated herein. Certain statements
contained in this release using the terms "may," “intends,”
"expects to," and other terms denoting future possibilities, are
forward-looking statements. The accuracy of these statements cannot
be guaranteed as they are subject to a variety of risks, which are
beyond Enservco's ability to predict, or control and which may
cause actual results to differ materially from the projections or
estimates contained herein. Among these risks are those set forth
in Enservco’s annual report on Form 10-K for the year ended
December 31, 2021, and subsequently filed documents with the SEC.
Forward looking statements in this news release include prospects
for the Company to gain shareholder approval for its
reincorporation proposal and expectations that reincorporation will
result in cost savings. Enservco disclaims any obligation to update
any forward-looking statement made herein, except as required by
law.
Contact: Pfeiffer High Investor
Relations, Inc. Jay Pfeiffer Phone: 303-880-9000 Email:
jay@pfeifferhigh.com
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