SINTX Technologies Announces Adjournment of Annual Meeting of Stockholders Due to Lack of Quorum
September 15 2021 - 4:01PM
SINTX Technologies, Inc. (www.sintx.com) (NASDAQ: SINT) (“SINTX” or
the “Company”), an original equipment manufacturer of advanced
ceramics, announced that the Company’s annual meeting of
stockholders was convened on September 15, 2021, at 10:30 a.m. and
immediately adjourned, without any business being conducted, due to
lack of the required quorum.
In order for a quorum to be present, the
Company’s bylaws require that a majority of the outstanding shares
entitled to vote be present at the meeting, either in person or by
proxy. On the date of the meeting there were fewer than a majority
of shares entitled to vote present, either in person or by proxy.
The annual meeting of stockholders therefore had no quorum and the
meeting was adjourned to 10:30 am (Mountain Time) on Wednesday,
October 13th, 2021 at the Company’s headquarters located at 1885 W
2100 S, Salt Lake City, Utah 84119, to allow additional time for
the Company’s stockholders to vote on the proposals set forth in
the Company’s definitive proxy statement filed with the United
States Securities and Exchange Commission (the “SEC”) on August 3,
2021.
During the current adjournment, the Company
continues to solicit votes from its stockholders with respect to
the proposals set forth in the Company’s proxy statement.
Only stockholders of record as of July 26, 2021,
are entitled to and are being requested to vote. At the time the
Annual Meeting was adjourned, proxies had been submitted by
stockholders representing approximately 44% of the shares of the
Company’s common stock outstanding and entitled to vote at the
Annual Meeting. Proxies previously submitted in respect of the
Annual Meeting will be voted at the adjourned Annual Meeting unless
properly revoked, and stockholders who have previously submitted a
proxy or otherwise voted need not take any action.
The Company encourages all stockholders of
record on July 26, 2021, who have not yet voted, to do so by
October 12, 2021, at 11:59 p.m. (Eastern Time).
If the number of additional shares of common
stock voted at the adjourned Annual Meeting is not sufficient to
reach a quorum, the Company intends to adjourn the Annual Meeting
again, which will require the Company to incur additional
costs.
Important Information
This material may be deemed to be solicitation
material in respect of the Annual Meeting to be reconvened and held
on October 13, 2021. In connection with the Annual Meeting, the
Company filed a definitive proxy statement with the SEC on August
3, 2021. BEFORE MAKING ANY VOTING DECISIONS, SECURITY HOLDERS ARE
URGED TO READ THE DEFINITIVE PROXY STATEMENT AND ANY OTHER RELEVANT
DOCUMENTS FILED WITH THE SEC, BECAUSE THEY CONTAIN IMPORTANT
INFORMATION ABOUT THE ANNUAL MEETING. The definitive proxy
statement was mailed to stockholders who are entitled to vote at
the Annual Meeting. No changes have been made in the proposals to
be voted on by stockholders at the Annual Meeting. The Company’s
proxy statement and any other materials filed by the Company with
the SEC can be obtained free of charge at the SEC's website at
sec.gov or at www.proxyvote.com.
About SINTX Technologies, Inc.
SINTX Technologies develops and commercializes
advanced ceramics for multiple markets. The core strength of SINTX
Technologies is the manufacturing, research, and development of
silicon nitride ceramics for external partners. The Company
presently manufactures silicon nitride powders and components in
its FDA registered, ISO 13485:2016 certified, and ASD9100D
certified manufacturing facility.
For more information on SINTX Technologies,
SINTX Armor, or its material platforms, please visit
www.sintx.com.
Business Inquiries for SINTX:SINTX
Technologies801.839.3502IR@sintx.com
Media Inquiries for SINTX: Amanda Barry
Director of PR and ContentThe Summit Group abarry@summitslc.com
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