UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

SCHEDULE 14A

(RULE 14a-101)

 

SCHEDULE 14A INFORMATION

 

PROXY STATEMENT PURSUANT TO SECTION 14(a) OF THE SECURITIES

EXCHANGE ACT OF 1934

(AMENDMENT NO.        )

 

Filed by the Registrant [X]

 

Filed by a Party other than the Registrant [  ]

 

Check the appropriate box:

 

[  ] Preliminary Proxy Statement
   
[  ] Confidential, For Use of the Commission Only (as Permitted by Rule 14a-6(e)(2))
   
[  ] Definitive Proxy Statement
   
[X] Definitive Additional Materials
   
[  ] Soliciting Material under §240.14a-12

 

Vislink Technologies, Inc.

(Name of Registrant as Specified In Its Charter)

 

 

(Name of Person(s) Filing Proxy Statement, if other than the Registrant)

 

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[  ] Fee paid previously with preliminary materials.

 

[  ] Check box if any part of the fee is offset as provided by Exchange Act Rule 0-11(a)(2) and identify the filing for which the offsetting fee was paid previously. Identify the previous filing by registration statement number, or the form or Schedule and the date of its filing.

 

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VISLINK TECHNOLOGIES, INC.

101 Bilby Rd, Suite 15, Bldg. 2

Hackettstown, NJ 07840

 

THESE SUPPLEMENTAL PROXY MATERIALS PROVIDE ADDITIONAL INFORMATION REGARDING THE ANNUAL MEETING OF STOCKHOLDERS

 

The following press release is a Notice of Change of Date (the “Notice”) of the Annual Meeting of Stockholders (the “Annual Meeting”) of Vislink Technologies, Inc. (the “Company”), scheduled for Friday, May 22, 2020 (the “Notice”). The Notice supplements the Definitive Proxy Statement (the “Proxy Statement”) that the Company filed with the Securities and Exchange Commission (the “SEC”) on March 30, 2020, and the Definitive Additional Materials that the Company filed with the SEC on April 17, 2020, April 21, 2020 and May 7, 2020. As described in the Notice below, the Company plans to adjourn the Annual Meeting to Wednesday, June 17, 2020 by means of remote communication, which will be provided by the Company in a subsequent notice ahead of the adjourned meeting, and to announce such adjournment at the Annual Meeting. The Annual Meeting will continue to be held at 9:00 a.m. (Eastern Time). The Notice is being filed with the SEC and is being made available to stockholders on or about May 20, 2020.

 

As of the date of this filing, we still have not received a sufficient number of shares voted that are necessary to achieve a quorum in order to hold the Annual Meeting. The Company believes that the delay in obtaining quorum is largely due to the fact that the Company has a broad shareholder base that consists of mostly retail shareholders, as opposed to institutions. It is vital to our Company that we can achieve a quorum, conduct the Annual Meeting and approve the proposals that are described in the Proxy Statement.

 

As previously announced, it has become impracticable to convene the Annual Meeting at the physical location for which it had been noticed due to the public health impact of the coronavirus disease 2019 (“COVID-19”) outbreak and the governmental restrictions limiting the number of people who may gather together. On April 16, 2020, the Company issued a Notice of Change of Date and Location that the Annual Meeting would be held by remote communications in order to support the health and well-being of our shareholders and Company personnel. Due to these same concerns, we expect that the Annual Meeting will continue to be held by remote communications, or may be moved to another location where holding a physical meeting will not violate emergency ordinances.

 

We believe that the Notice complies with the recently issued SEC guidance and Delaware State of Emergency Order by Delaware Gov. John C. Carney, which have been issued in connection with stockholder meetings.

 

We intend to design the format of the Annual Meeting to provide shareholders the same rights and opportunities to participate as they would at an in-person meeting.

 

Our board of directors has fixed the close of business on February 20, 2020 as the record date for the determination of shareholders entitled to notice of, and to vote at, the Annual Meeting and any adjournment or postponement thereof.

 

Your vote is important no matter how many shares you own, so please take the time to vote today. If you need assistance in voting your shares, please call our proxy solicitor, Laurel Hill Advisory Group, at 888-742-1305.

 

THE NOTICE SHOULD BE READ IN CONJUNCTION WITH THE PROXY STATEMENT.

 

NOTICE OF CHANGE OF DATE OF

THE ANNUAL MEETING OF STOCKHOLDERS

 

 

 

 

VISLINK TECHNOLOGIES, INC. TO HOLD REMOTE ANNUAL

MEETING OF STOCKHOLDERS ON NEW DATE

 

HACKETTSTOWN, NJ, May 20, 2020 — Vislink Technologies, Inc. (NASDAQ: VISL) (the “Company”) today announced that the Company plans to adjourn the Annual Meeting of Stockholders, scheduled to be held on Friday, May 22, 2020, to Wednesday, June 17, 2020 by means of remote communication, which will be provided by the Company in a separate communication ahead of the adjourned meeting. The Annual Meeting will continue to be held at 9:00 a.m. (Eastern Time).

 

As of May 20, 2020, we still have not received a sufficient number of shares voted that are necessary to achieve a quorum in order to hold the Annual Meeting. The Company believes that the delay in obtaining quorum is largely due to the fact that the Company has a broad shareholder base that consists of mostly retail shareholders, as opposed to institutions. Unless notified otherwise ahead of the Annual Meeting, we expect that the Annual Meeting will continue to be held by remote communications to support the health and well-being of our shareholders and Company personnel during the COVID-19 pandemic.

 

We intend to design the format of the Annual Meeting to provide shareholders the same rights and opportunities to participate as they would at an in-person meeting.

 

Your vote matters and is important no matter how many shares you own. Please vote promptly and we thank you in advance for your vote!

 

Stockholders who need assistance in submitting their proxy or voting their shares of our common stock should call the Company’s proxy solicitor, Laurel Hill Advisory Group, at 888-742-1305.

 

About Vislink Technologies, Inc.

 

Vislink Technologies is a global leader in the development and distribution of advanced communication solutions. Driven by technical excellence that has led the industry for over 50 years, our innovative products and turnkey solutions provide reliable connectivity in the toughest environments across the global live production, military and government sectors. Our solutions include high-definition communication links that reliably capture, transmit and manage live event footage, as well as secure video systems that support mission-critical applications. Vislink Technologies shares are publicly traded on the Nasdaq Capital Market under the ticker symbol VISL. For more information, visit www.vislink.com.

 

Note on Forward-looking Statements

 

This press release may contain projections or other forward-looking statements within the meaning of the Private Securities Litigation Reform Act. These statements involve risks and uncertainties, and actual events or results may differ materially. Among the important factors that could cause actual results to differ materially from those in the forward-looking statements are the risk that our reduction in operating expenses may impact our ability to meet our business objectives and achieve our revenue targets and may not result in the expected improvement in our profitability, the fact that our future growth depends in part on further penetrating our addressable market and also growing internationally, and we may not be successful in doing so; our dependence on sales of certain products to generate a significant portion of our revenue; the effect of a decrease in the sales or change in sales mix of these products would harm our business; the risks that an economic downturn or economic uncertainty in our key U.S. and international markets may adversely affect demand for our products; difficulty in accurately predicting our future customer demand; the importance of maintaining the value and reputation of our brand; and other factors detailed in our Annual Report on Form 10-K for the year ended December 31, 2019 and our other subsequent filings with the Securities and Exchange Commission. These forward-looking statements speak only as of the date hereof or as of the date otherwise stated herein. The Company disclaims any obligation to update these forward-looking statements.

 

FOR MORE INFORMATION:

 

investors@vislink.com

 

 

 

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