Liquidmetal Technologies will be announcing shortly the date and time of its annual shareholder meeting, believed to be around the middle of November, with proxies supposedly being mailed out the week of October 15, 2007. Notice to the SEC must be made no later than 30 days prior to the event, which would mean no later than next Monday, October 15.
The fact that this meeting is being held in the fourth quarter of 2007 (normal scheduled date is May, in accordance with last meeting held May 2003), shows that the Company is finally trying to do things the right way......(after a five year management trial-by-error education)
In the opinion of this blogger, the Board of Directors is finally holding Kang to the fire.
A proxy statement (or "proxy") is a form that every publicly traded U.S. company is required to file with the U.S. Securities & Exchange Commission (SEC) within 120 days after the end of its fiscal year.
The proxy must be sent to every shareholder in advance of the company's annual shareholders meeting. All proxy statements are public filings made available to the general public by the SEC.
The proxy statement's main purpose is to alert shareholders to the annual meeting and provide them information about the issues that will be voted on during the annual meeting, including decisions such as electing directors, ratifying the selection of auditors, and other shareholder-related decisions, including shareholder-initiated initiatives. Also, proxies must disclose specific detailed information regarding the pay practices for certain executives.
Link to FIRST & ONLY annual shareholders meeting May 2003:
http://sec.edgar-online.com/2003/04/15/0000950144-03-004993/Section2.asp
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