MIAMI, May 11, 2022
/PRNewswire/ -- Hemisphere Media Group, Inc. (Nasdaq: HMTV) (the
"Company") today announced that the Company's 2022 Annual Meeting
of Stockholders (the "Annual Meeting") scheduled for Thursday, May 12, 2022 at 9:00 a.m. Eastern Time, will be convened and
adjourned to a later date without any business being conducted.
This temporary delay is due to the fact that a number of the
Company's senior management team and directors were informed
earlier this week that they have been exposed to the COVID-19
virus. For the health and safety of others, those Company
representatives have commenced a standard two week quarantine, and
the Company has determined that it is in the best interests of our
stockholders to delay the Annual Meeting until our full management
team and certain members of the board of directors are able to
attend and engage fully with our stockholders at the Annual
Meeting. The Annual Meeting will be reconvened at
9:00 a.m. Eastern Time on Tuesday,
May 31, 2022 at the Four Seasons Hotel, 1435 Brickell Avenue, 6th
floor (Bal Harbour Room),
Miami, FL, 33131.
During the current adjournment, the Company continues to solicit
votes from its stockholders with respect to the proposals set forth
in the Company's definitive proxy statement filed with the United
States Securities and Exchange Commission (the "SEC") on
April 1, 2022 (the "Proxy
Statement").
Only stockholders of record as of the record date, March 23, 2022, are entitled to and are being
requested to vote. At the time the Annual Meeting was adjourned,
proxies had been submitted by stockholders representing
approximately 97% of the shares of the Company's common stock
outstanding and entitled to vote at the Annual Meeting. Proxies
previously submitted in respect of the Annual Meeting will be voted
at the adjourned Annual Meeting unless properly revoked, and
stockholders who have previously submitted a proxy or otherwise
voted need not take any action.
The Company encourages all stockholders of record on
March 23, 2022, who have not yet
voted, to do so by May 30, 2022.
Stockholders who have any questions or require any assistance with
completing a proxy or voting instruction form or who do not have
the required materials may contact the Company's Investor Relations
Department at (917) 444-6325, or via e-mail
at ir@hemispheretv.com.
About Hemisphere Media Group, Inc.
Hemisphere Media Group, Inc. (HMTV) is a pure-play U.S.
media company targeting the high-growth U.S. Hispanic and Latin
American markets with leading television, streaming and digital
content platforms. Headquartered in Miami, Florida, Hemisphere owns and operates
five leading U.S. Hispanic cable networks, two Latin American cable
networks, the leading broadcast television network in Puerto Rico, the leading Spanish-language
subscription streaming service in the U.S., a Spanish-language
content distribution company and has an ownership interest in a
leading broadcast television network in Colombia.
Contact Hemisphere Media Group, Inc.:
Edelman
Financial Communications for Hemisphere Media Group
Danielle O'Brien
917-444-6325
danielle.obrien@edelman.com
Forward Looking Statements
The information disclosed in this press release includes contain
certain statements about the Company and its consolidated
subsidiaries that do not directly or exclusively relate to
historical facts. These statements are, or may be deemed to be,
"forward-looking statements" within the meaning of the
U.S. Private Securities Litigation Reform Act of 1995. These
forward-looking statements are necessarily estimates reflecting the
best judgment and current expectations, plans, assumptions and
beliefs about future events (in each case subject to change) of our
senior management and management of our subsidiaries (including
target businesses) and involve a number of risks, uncertainties and
other factors, some of which may be beyond our control that could
cause actual results to differ materially from those expressed or
implied in such forward-looking statements. Without limitation, any
statements preceded or followed by or that include the words
"targets," "plans," "believes," "expects," "intends," "will,"
"likely," "may," "anticipates," "estimates," "projects," "should,"
"would," "could," "might," "expect," "positioned," "strategy,"
"future," "potential," "forecast," or words, phrases or terms of
similar substance or the negative thereof, are forward-looking
statements. These include, but are not limited to, the Company's
future financial and operating results (including growth and
earnings), plans, objectives, expectations and intentions and other
statements that are not historical facts. We claim the protection
of the safe harbor for forward-looking statements contained in the
Private Securities Litigation Reform Act of 1995 for all
forward-looking statements. Forward-looking statements are not
guarantees of performance. Factors that could cause actual results
to differ materially from those expressed or implied by the
forward-looking statements are discussed under the heading "Risk
Factors" and "Forward-Looking Statements" in the Company's most
recent annual report on Form 10-K and quarterly reports on Form
10-Q filed with the SEC, as they may be updated in any future
reports filed with the SEC. If one or more of these factors
materialize, or if any underlying assumptions prove incorrect, our
actual results, performance, or achievements may vary materially
from any future results, performance or achievements expressed or
implied by these forward-looking statements. Additionally, many of
these risks are currently amplified by and may, in the future,
continue to be amplified by the prolonged impact of the COVID-19
pandemic. Forward-looking statements included herein are made as of
the date hereof, and the Company undertakes no obligation to update
publicly such statements to reflect subsequent events or
circumstances.
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SOURCE Hemisphere Media Group, Inc.