Ambassadors Group Announces Approval of Dissolution by Stockholders
14 October 2015 - 10:18AM
Ambassadors Group, Inc. (NASDAQ:EPAX) announced that at the
company’s special meeting, held earlier today, its stockholders
voted to approve the dissolution of the company.
The affirmative vote of the holders of a majority of the
outstanding shares of the company’s common stock was required to
approve the dissolution. Approximately 90% of the outstanding
shares of the company’s common stock as of September 10, 2015, the
record date for the special meeting, were voted to approve the
dissolution of Ambassadors Group.
In connection with the proposed dissolution of the company,
Ambassadors Group provided notice to NASDAQ of its intent to
voluntarily delist its common stock from NASDAQ. The company
intends to file a Form 25 with the Securities and Exchange
Commission on or about October 23, 2015 to commence the delisting
process.
Forward Looking Statements
This press release contains “forward-looking statements.”
These statements are not historical facts but instead represent the
company’s belief or plans regarding future events, many of which,
by their nature, are inherently uncertain and outside of the
company’s control. The company’s forward-looking statements
are subject to various risks and uncertainties, including the risks
and other factors identified herein and in other public disclosures
made by the company from time to time, including the company’s
periodic and current reports and other filings made by the company
with the Securities and Exchange Commission. As a result, the
company’s actual results may differ materially from those expressed
or implied by these forward-looking statements.
Forward-looking statements include, without limitation: statements
regarding the proposed delisting of the company’s common stock and
the dissolution and liquidation of the company, including the
anticipated timing of filing of the Form 25.
Forward-looking statements involve known and unknown risks,
uncertainties and other important factors that could cause our
actual results, performance or achievements, or industry results,
to differ materially from the company’s expectations of future
results, performance or achievements expressed or implied by such
forward-looking statements. Although the company believes
that the expectations reflected in any forward-looking statements
are reasonable, it cannot guarantee future events or results.
Except as may be required under federal law, the company undertakes
no obligation to update any forward-looking statements for any
reason, even if new information becomes available or other events
occur.
ABOUT AMBASSADORS GROUP, INC.
Ambassadors Group, Inc. (NASDAQ:EPAX), located in Spokane,
Washington, was an education and student travel company.
Contact:
Lisa Netz
509-568-7800
Ambassadors (NASDAQ:EPAX)
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