Summary by Moomoo AI
Exela Technologies, Inc. (Exela) has announced the filing of a definitive proxy statement with the U.S. Securities and Exchange Commission in connection with the company's combined annual meeting of stockholders for 2023 and 2024. The meeting, which combines the 2023 and 2024 annual meetings due to the lack of quorum for the 2023 meeting, is scheduled for June 13, 2024, at 10:00 a.m. Central time and will be conducted virtually. The proxy statement includes proposals for the election of directors, approval of executive compensation, and the ratification of the company's auditors, among others. Notably, the proxy statement also proposes an amendment to the Certificate of Designations of the company's Series B Cumulative Convertible Perpetual Preferred Stock to allow the company discretion over dividend payments. The company is also concurrently filing an amended proxy statement for the 2023 annual meeting. Stockholders are encouraged to read the proxy statement in its entirety and vote on the proposals.