Leading Independent Proxy Advisory Firms Glass Lewis and ISS Each Recommends LogicMark Shareholders Vote "FOR" Select Proxy Proposals at Its August 25, 2022, Annual Meeting
August 15 2022 - 8:00AM
LogicMark, Inc. (Nasdaq: LGMK) (the “Company” or “LogicMark”), a
provider of personal emergency response systems (PERS), health
communications devices, and technology for the growing care
economy, today announces that the leading independent proxy
advisory firms, Glass Lewis & Co. ("Glass Lewis") and
Institutional Shareholder Services ("ISS"), have each recommended
that LogicMark shareholders vote "FOR" select proxy proposals at
the Company's annual meeting scheduled to be held on August 25,
2022. The Company's Board of Directors has also unanimously
recommended that shareholders vote "FOR" each proxy proposal.
In its August 2022 report, Glass Lewis endorsed the proposals
recommending LogicMark shareholders elect the Company’s directors,
ratify the Company’s selection of BPM as auditor and approve the
Company’s reincorporation from Delaware to Nevada. ISS endorsed the
Company’s proxy proposals recommending that LogicMark shareholders
ratify the Company’s selection of BPM as auditor, approve the
reincorporation from Delaware to Nevada and recommended a vote
“For” 4 out of 5 of the Company’s directors.
“We welcome the support of these two leading independent proxy
advisory firms, whose recommendations are well respected by
institutional investors” said Chia-Lin Simmons, Chief Executive
Officer of LogicMark. “Both Glass Lewis and ISS recognize that our
reincorporating to Nevada and selecting BPM as our auditor would
serve our company and our shareholders well. The Board of Directors
and I urge shareholders to vote “for” all annual meeting proposals,
which we believe will drive continued execution, strong management
and Board of Director leadership, as a result of partnering with
the most qualified auditor for our needs and incorporating in the
most advantageous jurisdiction to reduce operating costs and
simplify while continuing to strengthen our corporate governance.
These pivotal elements of our proxy proposals require your support
as the means to further strengthen LogicMark and position the
Company for lasting shareholder value creation.”
All votes are important, regardless of the number of shares
owned. Shareholders as of the annual meeting record date, June 28,
2022, will be entitled to vote at the annual meeting. Please take
the time to vote your LogicMark shares today. Without your support,
we believe it will be more challenging to move the Company forward.
Shareholders are encouraged to read about the proposals in the
Company’s Definitive Proxy Statement on Schedule 14A that was filed
with the Securities and Exchange Commission (“SEC”) on June 30,
2022 (the “Definitive Proxy Statement”). Even if you sold your
LogicMark shares since June 28, 2022, you still have the right to
vote on the important proposals in the Definitive Proxy Statement.
For assistance with voting your shares, please call our proxy
solicitor, Laurel Hill Advisory Group, at 888-742-1305 or via
email: LogicMark@laurelhill.com. Please take immediate action to
help protect your investment.
Registered Holders
If your shares are registered directly in your name with
LogicMark's transfer agent, Nevada Agency and Transfer Company, you
are considered the "stockholder of record" of those shares and the
definitive proxy statement for the Company's annual meeting is
being sent directly to you. Shareholders of record (that is,
shareholders who hold their shares in their own name) can vote by
mail, online, or in person at the annual meeting by following the
instructions provided on the proxy card.
If you choose to submit your proxy by mail, simply mark, date,
and sign your proxy card and return it in the postage-paid envelope
provided.
If you choose to submit a proxy by internet, go to
https://stocktransfersolo.com/Vote to complete an electronic proxy
card. Have your proxy card in hand when you access the website and
follow the instructions to cast a vote. Your internet proxy must be
received by 8:00 a.m. Pacific Time on August 25, 2022 to be
counted.
Beneficial Owners of Shares Held in Street
Name
If your shares are held in "street name" (that is, in the name
of a bank or broker or other holder of record), you will receive
instructions from the holder of record that you must follow in
order for your shares to be voted. Internet voting will also be
offered to shareholders owning shares through most banks and
brokers. If your shares are held with a brokerage firm or custodial
bank, you are considered the "beneficial owner" of shares held in
street name, and the proxy statement for the Company's annual
meeting was mailed or emailed to you by your broker, bank or
nominee, who is considered the stockholder of record of those
shares. As a beneficial owner, you have the right to direct your
broker, bank or nominee on how to vote the shares held in your
account.
However, holders of shares held in "street name" may not vote
these shares in person at the Company's annual meeting unless such
holders request and obtain a legal proxy from such bank, broker or
other holder of record.
About LogicMark, Inc.
LogicMark, Inc. (Nasdaq: LGMK) provides personal emergency
response systems (PERS), health communications devices and
technologies to create a Connected Care Platform. The Company’s
devices give people the ability to receive care at home and
confidence to age in place. LogicMark revolutionized the PERS
industry by incorporating two-way voice communication technology
directly into its medical alert pendant and providing this
life-saving technology at a price point everyday consumers can
afford. The Company’s PERS technologies are sold through the United
States Veterans Health Administration and dealers/distributors.
LogicMark has been awarded a contract by the U.S. General Services
Administration that enables the Company to distribute its products
to federal, state, and local governments.
Forward-Looking Statements
This press release contains forward-looking statements within
the meaning of the Private Securities Litigation Reform Act of
1995. Forward-looking statements reflect management’s current
expectations, as of the date of this press release, and involve
certain risks and uncertainties. Forward-looking statements include
statements herein with respect to the successful execution of the
Company’s business strategy. The Company’s actual results could
differ materially from those anticipated in these forward-looking
statements as a result of various factors. Such risks and
uncertainties include, among other things, our ability to establish
and maintain the proprietary nature of our technology through the
patent process, as well as our ability to possibly license from
others patents and patent applications necessary to develop
products; the availability of financing; the Company’s ability to
implement its long range business plan for various applications of
its technology; the Company’s ability to enter into agreements with
any necessary marketing and/or distribution partners; the impact of
competition, the obtaining and maintenance of any necessary
regulatory clearances applicable to applications of the Company’s
technology; the Company’s ability to maintain its Nasdaq listing
for its common stock; and management of growth and other risks and
uncertainties that may be detailed from time to time in the
Company’s reports filed with the SEC.
Investor Relations Contact: CORE
IR Investor@logicmark.com 516 222 2560
Media:Jules Abraham917 885 7378
LogicMark (NASDAQ:LGMK)
Historical Stock Chart
From Aug 2024 to Sep 2024
LogicMark (NASDAQ:LGMK)
Historical Stock Chart
From Sep 2023 to Sep 2024