ATHENS, Greece, May 31, 2017 /PRNewswire/ -- Box Ships Inc.
(the "Company") announced that the Annual Meeting of Shareholders
(the "Annual Meeting") of the Company held today has been adjourned
until June 15, 2017 to allow
additional time for the solicitation of proxies. The meeting will
re-convene at the premises of the Company at 15 Karamanli Ave. 166
73 Voula, Greece, on June 15, 2017, at 2:00
p.m. local time.
The business scheduled for the re-convened Annual Meeting
remains the same as set forth in the Company's Proxy Statement for
Annual Meeting of Shareholders dated April
19, 2017. Shareholders of the Company will consider
and vote upon the following proposals:
- To elect one Class B Director and one Class C Director of the
Company to serve until the 2020 Annual Meeting of Shareholders
("Proposal One");
- To consider and vote upon a proposal to ratify the appointment
of Deloitte Certified Public-Accountants S.A., as our independent
registered public accounting firm for the fiscal year ending
December 31, 2017 ("Proposal
Two");
- To grant discretionary authority to the Company's board of
directors to (A) amend the Amended and Restated Articles of
Incorporation of the Company to effect one or more consolidations
of the issued and outstanding shares of common stock, pursuant to
which the shares of common stock would be combined and reclassified
into one share of common stock ratios within the range from 1-for-2
up to 1-for-1,000 (the "Reverse Stock Split") and (B) determine
whether to arrange for the disposition of fractional interests by
shareholder entitled thereto, to pay in cash the fair value of
fractions of a share of common stock as of the time when those
entitled to receive such fractions are determined, or to entitle
shareholder to receive from the Company's transfer agent, in lieu
of any fractional share, the number of shares of common stock
rounded up to the next whole number, provided that, (X) that the
Company shall not effect Reverse Stock Splits that, in the
aggregate, exceeds 1-for-1,000, and (Y) any Reverse Stock Split is
completed no later than the first anniversary of the date of the
Annual Meeting ("Proposal Three"); and
- To transact such other business as may properly come before the
Annual Meeting and any adjournments or postponements thereof.
Adoption of Proposal One requires the affirmative vote of a
plurality of the votes cast at the Meeting by the shareholders
entitled to vote at the Meeting. Adoption of Proposal Two requires
the affirmative vote of a majority of the votes cast at the Meeting
by the holders of shares of stock entitled to vote thereon.
Adoption of Proposal Three requires the affirmative vote of the
holders of a majority of all outstanding shares entitled to vote
thereon.
Shareholders who have not already done so are encouraged to vote
on the proposals. Shareholders who have already voted need not take
any further action.
About Box Ships Inc.
Box Ships Inc. is an Athens,
Greece-based international shipping company specializing in
the transportation of containers and the provision of commercial
management services to shipping companies. The Company's common and
preferred shares trade on OTCQB Venture Market and Other OTC
Markets under the symbols "TEUFF" and "TEUCF", respectively.
Forward-Looking Statements
Certain statements in this press release are forward-looking
within the meaning of the Private Securities Litigation Reform Act
of 1995. These statements may be identified by the use of
forward-looking words such as "anticipate," "believe," "forecast,"
"estimate," "expect," and "intend," among others. These
forward-looking statements are based on Box Ships' current
expectations and actual results could differ materially. There are
a number of factors that could cause actual events to differ
materially from those indicated by such forward-looking statements.
Box Ships does not undertake an obligation to update or revise any
forward-looking statement. Investors should read the risk factors
set forth in the Annual Report on Form 20-F for the year ended
December 31, 2016, as filed with the
Securities and Exchange Commission (the "SEC") on March 13, 2017, and future periodic reports filed
with the SEC on or after the date hereof. All of Box Ships'
forward-looking statements are expressly qualified by all such risk
factors and other cautionary statements. The information set forth
herein speaks only as of the date hereof.
Contacts
Box Ships Inc.
ir@box-ships.com
DresnerAllenCaron
Michael
Mason (Investors)
mmason@dresnerallencaron.com
(212) 691-8087
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SOURCE Box Ships Inc.