NEW YORK, NY--(Marketwired - June 15, 2017) - Staffing 360 Solutions, Inc. (
"We are pleased with the results of our Special Meeting of Stockholders," stated Brendan Flood, Executive Chairman at Staffing 360 Solutions. "With over 93% voting in favor for each of the proposals, based on the percentage of votes cast, we believe this is a strong show of support for all of our resolutions. We are happy to announce our paperwork has already been submitted to the state of Delaware for filing and we look forward to moving forward with our strategic initiatives now that another set of milestones has been achieved."
Detailed results of the ballot vote for the acceptance of the Company's four (4) resolutions are provided in the table below:
| Resolution | Votes For |
% of Voted For |
% of O/S* For |
Votes Against |
||||||
| 1) | Approve the change in corporate domicile from the state of Nevada to the state of Delaware. | 8,380,428 | 97.3% | 57.2% | 190,951 | |||||
| 2) | Issue Common Stock pursuant to the Jackson Warrant Agreement, the Notes and the April Purchase Agreement in accordance with Nasdaq rule 5635(b). | 8,291,441 | 96.2% | 56.6% | 242,079 | |||||
| 3) | Issue Common Stock pursuant to the April Purchase Agreement in accordance with Nasdaq rule 5635(d). | 8,298,442 | 96.3% | 56.7% | 237,430 | |||||
| 4) | Authorize the Company to issue up to 600,000 shares of common stock or convertible securities in one or more future transactions. | 8,059,320 | 93.5% | 55.0% | 435,486 | |||||
| * NOTE: The term "O/S" stands for outstanding shares (14,641,979 shares as of the record date) |
The Company has also filed a more detailed report of the results for the special meeting of stockholders, including votes abstained and non-broker votes, through Form 8-K with the SEC at: www.sec.gov.
"We would like to thank everyone who took the time to vote," concluded Mr. Flood. "With our meeting now behind us, we look forward to sharing additional news of our progress in the coming weeks and months."
About Staffing 360 Solutions, Inc.
Staffing 360 Solutions, Inc. (
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Forward-Looking Statements
Certain matters discussed within this press release are forward-looking statements. These statements may be identified by words such as "expect," "look forward to," "anticipate" "intend," "plan," "believe," "seek," "estimate," "will," "project" or words of similar meaning. Although Staffing 360 Solutions, Inc. believes the expectations reflected in such forward-looking statements are based on reasonable assumptions, it can give no assurance that its expectations will be attained. Actual results may vary materially from those expressed or implied by the statements herein, including the goal of achieving annualized revenues of $300 million, due to the Company's ability to successfully raise sufficient capital on reasonable terms or at all, to consummate additional target acquisitions, to successfully integrate any newly acquired companies, to organically grow its business, to successfully defend any potential future litigation, changes in local or national economic conditions, the Company's ability to comply with its contractual covenants, including in respect of its debt, as well as various additional risks, many of which are unknown at this time and generally out of the Company's control, and which are detailed from time to time in Staffing 360 Solutions' reports filed with the SEC, including quarterly reports on Form 10-Q, reports on Form 8-K and annual reports on Form 10-K. Staffing 360 Solutions does not undertake any duty to update any statements contained herein (including any forward-looking statements), except as required by law.
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Contact Information:
Corporate Investor Contact:
Staffing 360 Solutions, Inc.
Darren Minton
Executive Vice President
+1.646.507.5712
