EVANSVILLE, Ind., Nov. 18, 2016 /PRNewswire/ -- Integral Technologies, Inc. (OTC-QB: ITKG) ("Integral"), an emerging light-weighting leader and its wholly owned subsidiary ElectriPlast Corp., today announced that the special meeting of stockholders scheduled for and convened on November 12, 2016, was adjourned. The special meeting has been adjourned to November 28, 2016 at 10:00 a.m. central time at Integral's headquarters located at 2605 Eastside Park Road Suite 1, Evansville, IN 47715.
The adjournment is to allow additional time for stockholders to vote on a proposal to increase the authorized number of Integral's shares of common stock, as set forth in Integral's definitive proxy statement filed with the Securities and Exchange Commission on October 25, 2016. At the time the Special Meeting was adjourned, the proposal to authorize the adjournment of the Special Meeting was approved, and the proposal to increase the total number of shares of authorized common stock had received the support of approximately 85% of all submitted votes and 26% of all outstanding shares. Approximately 69% of outstanding voting shares had yet to vote. The affirmative vote of over 50% of the issued and outstanding voting power of Integral's outstanding voting shares is required for the approval of the proposal.
During the period of the adjournment, Integral will continue to solicit proxies from its stockholders. Only stockholders of record on the record date of October 24, 2016 are entitled to and are being requested to vote. Stockholders who have already voted do not need to recast their votes. Stockholders who have not yet voted, are encouraged to do so.
The adjournment provides stockholders who have not yet participated the opportunity to do so. Stockholders who have not yet voted are reminded that every vote will count, regardless of number of shares owned, and not voting is effectively a "No" vote.
Stockholders who have lost or destroyed their proxy voting material, voting control number, or who need general assistance in voting their shares are encouraged to contact Integral's investor relations at 360.835.7992 (Eric Daboling) or 360.966.6603 (Scott McArthur).
About Integral Technologies, Inc. Integral Technologies Inc. (OTC-QB: ITKG) and wholly owned subsidiary ElectriPlast Corp, engage in the discovery, development, and commercialization of electrically conductive hybrid plastics used primarily as raw materials in the production of industrial, commercial and consumer products and services worldwide. Its core material, ElectriPlast®, is a non-corrosive, electrically conductive resin-based material whose properties allow it to be molded into any of the infinite shapes and sizes associated with plastics, rubbers and other polymers while reducing component weight by 40 to 60%. Integral is a leader in conductive hybrid plastics with a broad Intellectual Property portfolio referencing its ElectriPlast technology. Applications for ElectriPlast include: Shielding Wire, Power Electronics, Connectors, and Cables; Shielding, Conduction, Batteries, Semiconductors, Heated Elements, Sensors, Antennas, Medical Devices, Consumer Electronics and Acoustics, Fuses, Capacitors, Resistors, RFID, Bus bars and Terminals.
Safe Harbor Statement This press release contains "forward-looking statements'' within the meaning of Section 27A of the 1933 Securities Act and Section 21E of the 1934 Securities Exchange Act. These statements include, without limitation, predictions and guidance relating to the company's future financial performance and the research, development and commercialization of its technologies. In some cases, you can identify forward-looking statements by terminology such as, "may," "should," "expects," "plans," "anticipates," "believes," "estimates," "predicts," "potential," "continue," or the negative of these terms or other comparable terminology. These forward-looking statements are based on management's current expectations, but they involve a number of risks and uncertainties. Actual results and the timing of events could differ materially from those anticipated in the forward-looking statements, as the result of such factors, risks and uncertainties as (1) competition in the markets for the products and services sold by the company, (2) the ability of the company to execute its plans, (3) other factors detailed in the company's public filings with the SEC, including, without limitation, those described in the Company's annual report on Form 10-K for the year ended June 30, 2015 as filed with the Securities and Exchange Commission and available at www.sec.gov, and (4) the parties may be unable to agree upon definitive agreements. You are urged to consider these factors carefully in evaluating the forward-looking statements
SOURCE Integral Technologies, Inc.