Energy Focus Announces Adjournment of Annual Meeting of Stockholders
15 Junho 2022 - 5:00PM
Business Wire
Energy Focus, Inc. (NASDAQ:EFOI) (“Energy Focus” or the
“Company”), a leader in sustainable, energy-efficient lighting and
controls systems and ultraviolet-c light disinfection products for
the commercial, military maritime and consumer markets, today
announced that the Company’s reconvened Annual Meeting of
Stockholders (the “Annual Meeting”) scheduled for Wednesday, June
15, 2022 at 9:00 a.m. Eastern Time, was convened and adjourned
without any business being conducted due to lack of the required
quorum.
A quorum consists of the holders of a majority in voting power
of all issued and outstanding stock entitled to vote, including
common stock, par value $0.0001 per share, of the Company (“Common
Stock”) and Series A Convertible Preferred Stock, par value $0.0001
per share (the “Series A Preferred Stock”), being present in person
or represented by proxy. At the convening of the Annual Meeting,
there was present less than a majority in voting power entitled to
vote, either in person or by proxy. The Annual Meeting therefore
had no quorum and the meeting was adjourned to 9:00 a.m. Eastern
Time on Wednesday, June 22, 2022.
The virtual Annual Meeting can be accessed by visiting
www.virtualshareholdermeeting.com/EFOI2022. We encourage you to
access the Annual Meeting before the start time of 9:00 a.m.,
Eastern Time, on June 22, 2022. Please allow ample time for online
check-in, which will begin at 8:45 a.m., Eastern Time, on June 22,
2022.
During the current adjournment, the Company continues to solicit
votes from its stockholders with respect to the proposals set forth
in the Company’s definitive proxy statement filed with the United
States Securities and Exchange Commission (the “SEC”) on April 13,
2022 (the “Proxy Statement”).
Only stockholders of record at the close of business on March
28, 2022 (the “Record Date”) will be entitled to notice of and to
vote during the Annual Meeting and any adjournments or
postponements thereof. The Company had 6,453,777 shares of Common
Stock and 876,447 shares of Series A Convertible Preferred Stock
issued and outstanding as of the Record Date. At the time the
Annual Meeting was adjourned, proxies had been submitted by
stockholders representing approximately 49.87% of voting power of
all issued and outstanding stock 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 March 28,
2022, who have not yet voted, to do so by June 21, 2022 at 11:59
p.m. Eastern Time. Stockholders who have any questions require any
assistance with completing a proxy or voting instruction form or
who do not have the required materials may contact
ir@energyfocus.com.
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.
About Energy Focus
Energy Focus is an industry-leading innovator of sustainable
light-emitting diode (“LED”) lighting and lighting control
technologies and solutions, as well as UV-C Disinfection
technologies and solutions. As the creator of the first
flicker-free LED lamps, Energy Focus develops high quality LED
lighting products and controls that provide extensive energy and
maintenance savings, as well as aesthetics, safety, health and
sustainability benefits over conventional lighting. Our EnFocus™
lighting control platform enables existing and new buildings to
provide quality, convenient and affordable, dimmable and
color-tunable, circadian and human-centric lighting capabilities.
In addition, our patent-pending UVCD technologies and products aim
to provide effective, reliable and affordable UVCD solutions for
buildings, facilities and homes. Energy Focus’ customers include
U.S. and U.S. ally navies, U.S. federal, state and local
governments, healthcare and educational institutions, as well as
Fortune 500 companies. Since 2007, Energy Focus has installed
approximately 900,000 lighting products across the U.S. Navy fleet,
including tubular LEDs, waterline security lights, explosion-proof
globes and berth lights, saving more than five million gallons of
fuel and 300,000 man-hours in lighting maintenance annually. Energy
Focus is headquartered in Solon, Ohio. For more information, visit
our website at www.energyfocus.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20220615006043/en/
Investor Contact: Hayden IR Brett Maas 646-536-7331
ir@energyfocus.com
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