Emmis Files Proxy For Shareholder Meeting On Reverse Stock Split
May 22, 2012 at 3:55 AM (PT)
EMMIS COMMUNICATIONS' proxy filed with the SEC for its special shareholder meeting to approve the proposed reverse stock split is missing one thing: the actual date, although the cover letter places the meeting in "MAY (blank), 2012)." The proxy filed with the agency also includes red-lined edits but not the date of the meeting.
The shareholders have previously authorized the company's institution of an employee retention plan and trust and reissuance of 400,000 shares of Preferred Stock to be voted on behalf of the company, the preliminary step towards effecting the reverse stock split, which the company says will be within the range of 1-for-3 and 1-for-8.