Signature Group Holdings' Stockholders Approve Reincorporation in Delaware PR Newswire SHERMAN OAKS, Calif., Dec. 30, 2013 SHERMAN OAKS, Calif., Dec. 30, 2013 /PRNewswire/ --Signature Group Holdings, Inc. (OTCQX: SGGH) today held its previously announced special meeting of stockholders, who voted to approve the Company's proposal to reincorporate from Nevada to Delaware via a merger into a Delaware entity. Signature's Chief Executive Officer, Craig Bouchard said: "I would like to personally thank our stockholders for their recognition of the importance of reincorporating the company into Delaware. More than 93% of the voted shares endorsed our request. This approval was an important step in our plan to grow the company." The reincorporation will be effective upon certain state, securities law and other filings and notices, which the Company intends to complete shortly. About Signature Group Holdings, Inc. Signature is a public company seeking to invest its capital in large, well-managed and consistently profitable businesses concentrated primarily in the United States industrial and commercial marketplace. The company has significant capital resources and federal net operating loss tax carryforwards of approximately $887.3 million. For more information about Signature, please visit its corporate website at www.signaturegroupholdings.com. Cautionary Statement Regarding Forward-Looking Statements This release contains forward-looking statements, which are based on current expectations, estimates, and projections about the Company's business and prospects, as well as management's beliefs, and certain assumptions made by management. Words such as "anticipates," "expects," "intends," "plans," "believes," "seeks," "estimates," "may," "should," "will" and variations of these words are intended to identify forward-looking statements. Such statements speak only as of the date hereof and are subject to change. The Company undertakes no obligation to publicly revise or update any forward-looking statements for any reason. These statements include, but are not limited to, statements about the Company's expansion and business strategies and anticipated growth opportunities and the amount of fundraising necessary to achieve it. Such statements are not guarantees of future performance and are subject to certain risks, uncertainties, and assumptions that are difficult to predict. Accordingly, actual results could differ materially and adversely from those expressed in any forward-looking statements as a result of various factors. Important factors that may cause such a difference include, but are not limited to, the demand for Industrial Supply's products; the Company's ability to successfully identify, consummate and integrate the acquisitions of other businesses; the Company's ability to open warehouses in additional geographic regions; changes in business or other market conditions; the difficulty of keeping expense growth at modest levels while increasing revenues; the Company's ability to successfully defend against current and new litigation matters as well as demands by investment banks for defense, indemnity, and contribution; obtaining the expected benefits of the reincorporation; and other risks detailed from time to time in the Company's Securities and Exchange Commission filings, including, but not limited to, the Definitive Proxy Statement for the Special Meeting, the most recently filed Annual Report on Form 10-K and subsequent reports on Forms 10-Q and 8-K. SOURCE Signature Group Holdings, Inc. Website: http://www.signaturegroupholdings.com Contact: Signature Group Holdings, Inc., Jeff Crusinberry, SVP and Treasurer, (805) 435-1255, email@example.com
Signature Group Holdings' Stockholders Approve Reincorporation in Delaware
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