NEW YORK, Jan. 18, 2019 /PRNewswire/ -- (NASDAQ:
MDCA) – MDC Partners Inc. ("MDC Partners" or the
"Company") announced today that the Company has set
June 4, 2019 for a combined
Annual and Special Meeting of Shareholders. The Special Meeting has
been called in response to a requisition by FrontFour Capital Group
LLC.
The Board of directors of the Company has determined that,
rather than incur the additional expense and disruption that would
be associated with holding two shareholder meetings in quick
succession, it would be in the best interests of the Company to
hold the requisitioned meeting at the same time as the annual
meeting takes place in June.
The Company also announced that its Board approved the adoption
of an advance notice by-law, establishing a framework requiring
advance notice for the nomination of directors by shareholders of
MDC Partners. The advance notice by‐law is effective immediately
and will be presented to shareholders for confirmation at the
Annual and Special Meeting. The full text of the advance notice
by‐law will be available under the Company's EDGAR profile at
www.sec.gov and under the Company's SEDAR profile at
www.sedar.com.
As previously announced, MDC's Board of Directors continues to
explore and evaluate potential strategic alternatives. This ongoing
review process is proceeding in parallel with the Company's
previously announced search to identify a successor Chief Executive
Officer. The Company does not intend to disclose developments or
comment further regarding its strategic review or CEO search until
such time as its Board of Directors has determined the outcome of
the process or otherwise has determined that further disclosure is
appropriate or required.
The Company has retained Kingsdale Advisors as its strategic
shareholder and communications advisor and Stikeman Elliott
LLP as its legal advisors.
About MDC Partners Inc.
MDC Partners is one of the
most influential marketing and communications networks in the
world. As "The Place Where Great Talent Lives," MDC Partners is
celebrated for its innovative advertising, public relations,
branding, digital, social and event marketing agency partners,
which are responsible for some of the most memorable and effective
campaigns for the world's most respected brands. By leveraging
technology, data analytics, insights and strategic consulting
solutions, MDC Partners drives creative excellence, business growth
and measurable return on marketing investment for over 1,700
clients worldwide. For more information about MDC Partners and
its partner firms, visit our website at www.mdc-partners.com and
follow us on Twitter at http://www.twitter.com/mdcpartners.
Media/Investor Contact:
Dan
Zacchei/Erica Bartsch
Sloane & Company
212-446-1875
Dzacchei@sloanepr.com / IR@mdc-partners.com
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SOURCE MDC Partners Inc.