WALNUT CREEK, Calif.,
July 16, 2018 /PRNewswire/
-- Owens Realty Mortgage, Inc. (NYSE American: ORM) (the
"Company") today announced that it has adjourned today's annual
meeting until Thursday, July 19, 2018
at 1:00 PM PDT (the "Annual
Meeting"). The adjourned meeting will be held at the
Company's Walnut Creek offices:
2221 Olympic Blvd. Walnut Creek,
CA 94595.
As announced earlier today in a Board composition update, the
Board is in the process of adding two independent directors
suggested by the Company's largest stockholder at the Board's
request. Subject to customary diligence, the Board will expand by
two seats in short order so these highly qualified individuals can
be added as directors. The Annual Meeting adjournment will
permit the Board to engage with stockholders after they consider
this material information about the reconstitution of the Board
before casting their vote at the Annual
Meeting.
The Board will continue to solicit proxies from stockholders
with respect to the proposals set forth in the Company's definitive
proxy statement, filed with the Securities and Exchange Commission
on June 8, 2018 (the "Proxy
Statement") during the period of the adjournment. The record
date for the Annual Meeting has not changed. Only
stockholders of record on the record date of May 31, 2018 are entitled to and are being
requested to vote, as more fully described in the Proxy Statement.
Previously voted proxies are still valid, and the Board thanks you
for your participation. It is also not too late to vote on or
change your vote. If you have not voted on the Company's WHITE
PROXY card, the Board strongly urges you to do so.
If you have questions about how to vote your shares, please
contact Georgeson, LLC, our proxy solicitor, at (888)
206-5970 or ORM@Georgeson.com.
About Owens Realty Mortgage, Inc.
Owens Realty
Mortgage, Inc., a Maryland
corporation, is a specialty finance mortgage company organized to
qualify as a real estate investment trust ("REIT") that focuses on
the origination, investment, and management of commercial real
estate mortgage loans. We provide customized, short-term
acquisition and transition capital to small balance and
middle-market investors that require speed and flexibility. Our
primary objective is to provide investors with attractive current
income and long-term stockholder value. Owens Realty Mortgage,
Inc., is headquartered in Walnut Creek,
California, and is externally managed and advised by Owens
Financial Group, Inc.
Additional information can be found on the Company's website at
www.owensmortgage.com.
Important Additional Information
The Company, its
directors and certain of its executive officers are participants in
the solicitation of proxies from the Company's stockholders in
connection with matters to be considered at the Annual
Meeting. The Company has filed a definitive proxy statement and
WHITE proxy card with the U.S. Securities and Exchange Commission
(the "SEC") in connection with its solicitation of proxies from the
Company's stockholders. STOCKHOLDERS OF THE COMPANY ARE STRONGLY
ENCOURAGED TO READ SUCH PROXY STATEMENT, ACCOMPANYING WHITE PROXY
CARD AND ALL OTHER DOCUMENTS FILED WITH THE SEC CAREFULLY AND IN
THEIR ENTIRETY AS THEY CONTAIN IMPORTANT INFORMATION. Information
regarding the identities of the Company's directors and executive
officers and their direct or indirect interests, by security
holdings or otherwise, are set forth in the proxy statement and
other materials filed with the SEC in connection with the Annual
Meeting. Stockholders can obtain the proxy statement, any
amendments or supplements to the proxy statement, and any other
documents filed by the Company with the SEC at no charge at the
SEC's website at www.sec.gov. These documents are also available at
no charge in the "SEC Filings & Reports" section of the
Company's website at www.owensmortgage.com.
Forward-Looking Statements
This press release may
contain "forward-looking statements" within the meaning of the safe
harbor provisions of the United States Private Securities
Litigation Reform Act of 1995 and other federal securities
laws. Forward-looking statements about the Company's
business, strategies, financial condition and prospects, and
anticipated events, including the items discussed in this press
release, are based on current information, estimates, and
projections; they are subject to risks and uncertainties, as well
as known and unknown risks, which could cause actual results to
materially differ from the forward-looking statements made in this
press release and, consequently, readers should not rely on these
forward-looking statements as predictions of future events.
Words such as "expect," "target," "assume," "estimate," "project,"
"budget," "forecast," "anticipate," "intend," "plan," "may,"
"will," "could," "should," "believe," "predicts," "potential,"
"continue," and similar expressions are intended to identify such
forward-looking statements.
Readers are cautioned not to place undue reliance upon any
forward-looking statements, which speak only as of the date made.
The Company does not undertake and expressly disclaims any
obligation to release publicly any updates or revisions to any
forward-looking statement to reflect any change in its expectations
or any change in events, conditions or circumstances on which any
such statement is based, except as required by law.
Additional information concerning these and other risk factors is
contained in the Company's most recent filings with the SEC
including those appearing under the heading "Item 1A. Risk Factors"
in the Company's most recent Annual Report on Form 10-K and each
subsequent Quarterly Report on Form 10-Q. All subsequent
written and oral forward-looking statements concerning the Company
or matters attributable to the Company or any person acting on its
behalf are expressly qualified in their entirety by the cautionary
statements above.
View original
content:http://www.prnewswire.com/news-releases/owens-realty-mortgage-inc-provides-2018-annual-meeting-update-300681823.html
SOURCE Owens Realty Mortgage, Inc.