The Company issued the following letter to
The full text of the letter follows.
Dear Fellow Shareholders,
As we approach our 2022 Annual Meeting of Stockholders on
LogicMark’s new approach combines our strong market presence within the PERS industry, GSA Schedule and the
We have positioned the company for continued strong performance through the addition of new leadership at both the Senior Management and
To continue our momentum, I urge all our shareholders to vote “For” for our proposals contained within the accompanying Proxy materials as each proposal is vital for our future success.
Vote “For” for Proposal No. 1: The members of the Board of Directors each has the expertise and experience the company believes necessary to support the company’s continued transformation into a technology company focused on building solutions for the new care economy. Over the last year, the Company has added three new Board members who bring experience with technology, strategic marketing, rapid growth, and expertise in the care economy.
Vote “For” Proposal No. 2: Management considers the selection of
Vote “For” for Proposal No 3: The Company believes that the 2022 Plan will allow it to continue to attract able directors, employees, consultants, and independent contractors and enable them to acquire and maintain Common Stock ownership in the Company. Concurrent with the adoption of this new Plan, the Company’s two existing stock incentive plan will be terminated and the potential dilution to shareholders will be reduced from 20% to 15%.
Vote “For” Proposal No. 4: The Company expects that it’s re-domestication to
I wish to thank all of our shareholders for your continued support and look forward to 2022 and beyond as a highly transformative and rewarding period for
Chief Executive Officer
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements reflect management’s current expectations, as of the date of this press release, and involve certain risks and uncertainties. Forward-looking statements include statements herein with respect to the successful execution of the Company’s business strategy. The Company’s actual results could differ materially from those anticipated in these forward-looking statements as a result of various factors. Such risks and uncertainties include, among other things, our ability to establish and maintain the proprietary nature of our technology through the patent process, as well as our ability to possibly license from others patents and patent applications necessary to develop products; the availability of financing; the Company’s ability to implement its long range business plan for various applications of its technology; the Company’s ability to enter into agreements with any necessary marketing and/or distribution partners; the impact of competition, the obtaining and maintenance of any necessary regulatory clearances applicable to applications of the Company’s technology; the Company’s ability to maintain its Nasdaq listing for its common stock; and management of growth and other risks and uncertainties that may be detailed from time to time in the Company’s reports filed with the
Investor Relations Contact:
516 222 2560
917 885 7378
Source: LogicMark, Inc.