O-I Announces Intent to Adjourn Annual Meeting Of Share Owners; Meeting to be adjourned to May 26, 2016 for share owners to r...
May 10 2016 - 4:30PM
FOR IMMEDIATE RELEASE
O-I Announces
Intent to Adjourn Annual Meeting Of Share Owners
Meeting to be
adjourned to May 26, 2016 for share owners to review Company's
amended annual report
PERRYSBURG, Ohio
(May 10, 2016) - Owens-Illinois, Inc. (NYSE: OI), the
world's leading glass container producer, announced today that it
intends to call to order and then immediately adjourn its annual
meeting of share owners to be held in Plaza 2 of the O-I World
Headquarters, Perrysburg, Ohio, on Thursday, May 12, 2016, at 9:00
a.m., local time. The adjournment of the annual meeting of share
owners will be until 9:00 a.m., local time on Thursday, May 26,
2016 in Plaza 4 of the O-I World Headquarters.
The Company previously announced
that it intends to file restated financial statements for the years
ended December 31, 2015, 2014 and 2013 contained in the Company's
Annual Report on Form 10-K for the year ended December 31, 2015
(the "2015 Annual Report") to reflect the effects of its revised
method for estimating its total asbestos-related liability. The
Company currently expects to file the amended 2015 Annual Report on
or prior to Monday, May 16, 2016. The Company is adjourning the
annual meeting to allow share owners sufficient time to review the
amended 2015 Annual Report.
Share owners of record may submit
their votes for matters to be considered at the annual meeting
until the polls are formally closed. Share owners who have already
voted in accordance with the instructions contained in the proxy
statement and related materials do not need to submit new proxy
cards or give new voting instructions unless they wish to change
their votes. Share owners who have not yet voted can still use the
proxy cards and voting instruction forms previously provided to
them. The Company's Board of Directors encourages all share owners
to review the proxy statement and amended 2015 Annual Report
carefully before voting.
About O-I
Owens-Illinois, Inc. (NYSE: OI) is the
world's largest glass container manufacturer and preferred partner
for many of the world's leading food and beverage brands. The
Company had revenues of $6.2 billion in 2015 and employs 27,000
people at 80 plants in 23 countries. With global headquarters in
Perrysburg, Ohio, O-I delivers safe, sustainable, pure, iconic,
brand-building glass packaging to a growing global marketplace. For
more information, visit o-i.com.
INVESTOR CONTACT
Sasha Sekpeh, 567-336-5128 - O-I Investor
Relations
Kristin Kelley, 567-336-2395 - O-I Corporate Communications
Forward-looking
Statements
This document contains "forward-looking"
statements within the meaning of Section 21E of the Securities
Exchange Act of 1934 and Section 27A of the Securities Act of
1933. Forward-looking statements reflect the Company's current
expectations and projections about future events at the time, and
thus involve uncertainty and risk. The words "believe," "expect,"
"anticipate," "will," "could," "would," "should," "may," "plan,"
"estimate," "intend," "predict," "potential," "continue," and the
negatives of these words and other similar expressions generally
identify forward looking statements. The Company's management has
not yet completed its assessment of the error in the previously
filed financial reports discussed in this document. In addition,
the Company may not be able to file the amended 2015 Annual Report
in the time frame expected. Any forward-looking statements in this
document are based on certain assumptions and analyses made by the
Company in light of its experience and perception of historical
trends, current conditions, expected future developments, and other
factors it believes are appropriate in the circumstances.
Forward-looking statements are not a guarantee of future
performance and actual results or developments may differ
materially from expectations. While the Company continually reviews
trends and uncertainties affecting the Company's results of
operations and financial condition, the Company does not assume any
obligation to update or supplement any particular forward-looking
statements contained in this document.
O-I Logo
O-I Announces Intent to Adjourn Annual Mtg of Share
Owners
This
announcement is distributed by NASDAQ OMX Corporate Solutions on
behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the
information contained therein.
Source: Owens-Illinois, Inc. via Globenewswire
HUG#2011428
OI Glass (NYSE:OI)
Historical Stock Chart
From Mar 2024 to Apr 2024
OI Glass (NYSE:OI)
Historical Stock Chart
From Apr 2023 to Apr 2024