CLEVELAND, Nov. 30, 2017 /PRNewswire/ -- Forest City Realty Trust, Inc. (NYSE: FCEA) ("Forest City" or the "Company") today issued the following statement:
As the Board of Directors' previously announced process to review operating, strategic, financial and structural options to enhance stockholder value is ongoing, the Board has extended the window by which the Company must receive proper written advance notice of the nomination of a director candidate at its 2018 Annual Meeting of Stockholders so long as it is held not more than 30 days sooner or later than the June 9 anniversary of the 2017 Annual Meeting of Stockholders. The nomination window, which commences on December 3, 2017, will now extend to 5:00 p.m. Eastern Time on the earlier of two weeks following the announcement of the conclusion of the Board's review process, or February 28, 2018, but in no event sooner than 5:00 p.m. Eastern Time on January 2, 2018. The date and location of the 2018 Annual Meeting of Stockholders has yet to be announced.
There is no timetable for completion of the review process, and the Company does not intend to comment further on the progress or status of the review process unless the Company determines that further disclosure is appropriate or required by law.
About Forest City
Forest City Realty Trust, Inc. is an NYSE-listed national real estate company with $8.1 billion in consolidated assets. The Company is principally engaged in the ownership, development, management and acquisition of commercial, residential and mixed-use real estate in key urban markets in the United States. For more information, visit www.forestcity.net.
This press release contains forward-looking statements. Such forward-looking statements relate to future, not past, events and often address the Company's expected future actions and performance. Forward-looking statements may be identified by the use of words such as "expect," "intend," "plan," and similar words and phrases. These forward-looking statements are not guarantees of future events and involve risks, uncertainties and assumptions that are difficult to predict. All statements regarding the Board's review of operating, strategic, financial and structural alternatives and expected associated costs and benefits, including whether operating, strategic, financial and structural alternatives could unlock value, are forward-looking. Actual developments and business decisions may differ materially from those expressed or implied by such forward-looking statements. Important factors, among others, that could cause the Company's actual results and future actions to differ materially from those described in forward-looking statements include the uncertain outcome, impact, effects and results of the Board's review of operating, strategic, financial and structural alternatives, and the risks discussed in the Company's documents filed with the SEC, including the Company's Annual Report on Form 10-K for the year ended December 31, 2016, quarterly reports on Form 10-Q and Current Reports on Form 8-K. The Company expressly disclaims any obligation to update any forward-looking statement contained in this press release to reflect events or circumstances that may arise after the date hereof, all of which are expressly qualified by the foregoing, other than as required by applicable law.
SOURCE Forest City Realty Trust, Inc.