Summary
Global Payments Inc. (GPN) announced the date for its 2017 annual shareholder meeting, scheduled for May 3, 2017. This meeting is being accelerated due to a recent change in the company's fiscal year, which will now align with the calendar year following a transition period ending December 31, 2016. This shift in meeting date necessitates an updated deadline for shareholders wishing to nominate directors or submit other proposals for consideration at the annual meeting. Investors interested in nominating directors or presenting proposals at the 2017 Annual Meeting must ensure their notice is received by Global Payments Inc. by the close of business on February 11, 2017. This deadline is crucial as it falls more than 30 days before the anniversary of the prior year's meeting, triggering a new submission period under company bylaws. Shareholders should consult the upcoming proxy statement for the exact time and location of the meeting.
Key Highlights
- 1Global Payments Inc. has set May 3, 2017, as the date for its 2017 annual shareholder meeting.
- 2The annual meeting is being moved up to align with the company's newly adopted calendar fiscal year.
- 3The company's fiscal year previously ended on May 31st and has transitioned to a calendar year-end.
- 4Shareholders intending to nominate directors must submit their nominations by February 11, 2017.
- 5This February 11, 2017 deadline applies to other shareholder proposals as well.
- 6The accelerated meeting date requires adherence to a new, earlier submission deadline for shareholder actions.