Item 8.01 Other Events
A. Record Date and Meeting Date for the Special Meeting of Stockholders to Vote on the Agreement and Plan of Merger
At a meeting of the Board of Directors (the "Board") of
The Board further resolved to fix the record date for determining stockholders
entitled to vote at the Special Meeting as
B. Inability to timely file Annual Report on Form 10-K for the fiscal year ended
The Company will not be able to file its 2019 Annual Report on Form 10-K by the
original deadline of
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C. Additional Risk Factor Disclosure
An occurrence of an uncontrollable event such as the COVID-19 pandemic is likely to negatively affect our operations.
The occurrence of an uncontrollable event such as the COVID-19 pandemic is
likely to negatively affect our operations. A pandemic typically results in
social distancing, travel bans and quarantine, and this has limited access to
our facilities, customers, management, support staff and professional advisors.
These, in turn, will not only impact our operations, financial condition and
demand for our goods and services but our overall ability to react timely to
mitigate the impact of this event. Also, it will substantially hamper our
efforts to provide our investors with timely information and comply with our
filing obligations with the
Forward Looking Statements
Certain of the statements contained in this report should be considered forward-looking statements within the meaning of the Securities Act of 1933, as amended (the "Securities Act"), the Securities Exchange Act of 1934, as amended (the "Exchange Act"), and the Private Securities Litigation Reform Act of 1995. These forward-looking statements may be identified by words such as "may," "will," "expect," "intend," "anticipate," "believe," "estimate," "plan," "project," "could," "should," "would," "continue," "seek," "target," "guidance," "outlook," "if current trends continue," "optimistic," "forecast" and other similar words. Such statements include, but are not limited to, statements about the Company's plans, objectives, expectations, intentions, estimates and strategies for the future, and other statements that are not historical facts. These forward-looking statements are based on the Company's current objectives, beliefs and expectations, and they are subject to significant risks and uncertainties that may cause actual results and financial position and timing of certain events to differ materially from the information in the forward looking statements. There may be other factors of which the Company is not currently aware that may affect matters discussed in the forward-looking statements and may also cause actual results to differ materially from those discussed. In particular, the consequences of the coronavirus outbreak to economic conditions and the industry in general and the financial position and operating results of our company in particular have been material, are changing rapidly, and cannot be predicted. The Company does not assume any obligation to publicly update or supplement any forward-looking statement to reflect actual results, changes in assumptions or changes in other factors affecting these forward-looking statements other than as required by law. Any forward looking statements speak only as of the date hereof or as of the dates indicated in the statement.
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