Impac Mortgage Holdings, Inc. Reports Additional Director Nominees for Special Meeting of Series B Preferred Stockholders
22 August 2018 - 7:26AM
Impac Mortgage Holdings, Inc. (the “Company”) today announced that
Dennis L. Hesse has provided notice of his intent to nominate David
P. Sims and Joseph Waske, and Benjamin Hard has provided notice of
his intent to nominate Curtis J. Timm, each for election as a
Preferred Director at the Special Meeting of the 9.375% Series B
Cumulative Redeemable Preferred Shares (“Series B Preferred
Shares”) to be held on Thursday, September 13, 2018, at 9:00 a.m.
local time. As previously reported by the Company, Camac
Fund, LP has provided notice of its intent to nominate Eric
Shahinian and Michael Cricenti for election as Preferred Directors
at the Special Meeting. The Company is not responsible for
the accuracy of any information contained in materials provided by
a third party or its representatives to holders of Series B
Preferred Shares or any other statements they may make.
Only holders of record of outstanding Series B Preferred Shares
as of the close of business on August 10, 2018, and their duly
authorized proxies, have the right to vote to elect two Preferred
Directors at the Special Meeting. Per Maryland corporation
law, each share of stock may be voted for as many individuals as
there are directors to be elected. There is no cumulative
voting in the election of the directors. For example, in an
election of two director nominees, a stockholder who owns one share
can cast one vote for up to two of the nominees; however, the
stockholder may not cast two votes for a single nominee.
Beneficial owners of outstanding Series B Preferred Shares as of
the record date for the Special Meeting may attend the Special
Meeting with a valid government issued personal photo
identification and a letter or brokerage account statement showing
that they beneficially owned Series B Preferred Shares as of the
close of business on August 10, 2018. However, in order to vote at
the Special Meeting, a beneficial owner of Series B Preferred
Shares as of the record date of the Special Meeting, or the
beneficial owner’s designated representative, must obtain a valid
“legal proxy” from his, her or its bank, broker or other securities
intermediary.
For further information about the Special Meeting, please refer
to the Notice of Special Meeting of Holders of 9.375% Series B
Cumulative Redeemable Preferred Stock dated August 13, 2018, which
is attached as an exhibit to the Company’s Current Report on Form
8-K filed with the Securities and Exchange Commission (“SEC”) on
August 13, 2018 and can be found on the SEC’s website at
www.sec.gov. Please refer to the charter of Impac Mortgage
Holdings, Inc., including the 2004 Articles Supplementary, for a
description of the Series B Preferred Shares. A copy of the
Company’s charter, including the 2004 Articles Supplementary, and
Bylaws will be made available upon request and can also be found as
exhibits to the Company’s reports filed with the SEC at its website
at www.sec.gov.
About the Company
Impac Mortgage Holdings, Inc. (IMH or Impac) provides innovative
mortgage lending and warehouse lending solutions, as well as real
estate solutions that address the challenges of today’s economic
environment. Impac’s operations include mortgage and
warehouse lending, servicing, portfolio loss mitigation and real
estate services as well as the management of the securitized
long-term mortgage portfolio, which includes the residual interests
in securitizations.
For additional information, questions or comments, please
contact Alliance Advisors, LLC at 844-670-2148.
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