DEFA14A: ModivCare Inc. Adjourns Special Meeting to Allow for Release of 2024 Financial Results

ModivCare Inc. has adjourned its Special Meeting of Stockholders to March 13, 2025, to ensure the release of its fourth quarter and full year 2024 financial results beforehand.

Summary

• ModivCare Inc. adjourned its Special Meeting of Stockholders, originally scheduled for March 3, 2025, without conducting any business.
• The meeting has been rescheduled to March 13, 2025, at 10:00 a.m. Mountain Time.
• The purpose of the adjournment is to allow for the timely reporting and dissemination of the company's fourth quarter and full year 2024 financial results.
• The record date for the Special Meeting remains January 22, 2025, and stockholders of record on that date are still entitled to vote.
• Previously submitted proxies and voting instructions will be voted at the adjourned meeting unless properly revoked.
• Stockholders who wish to change their vote can follow the instructions provided in the original proxy materials.
• The company's definitive proxy statement was filed with the SEC on February 3, 2025.
• Stockholders are encouraged to read the proxy statement in its entirety.

Sentiment

Score: 7

Explanation: The announcement is neutral, simply stating a procedural delay to ensure proper financial reporting. It's a standard practice and doesn't indicate any underlying issues.

Positives

• The adjournment ensures that stockholders have access to the company's latest financial results before making important voting decisions.
• Stockholders retain the ability to change their votes if desired.

Future Outlook

The company will proceed with the Special Meeting on March 13, 2025, after the release of its fourth quarter and full year 2024 financial results.

Industry Context

Companies often delay shareholder meetings to ensure compliance with reporting requirements and to provide shareholders with adequate information for informed decision-making.

Stakeholder Impact

• Shareholders will have access to the company's latest financial results before voting.
• The delay may cause some inconvenience for shareholders who had planned to attend the original meeting.

Next Steps

• ModivCare will release its fourth quarter and full year 2024 financial results.
• The Special Meeting of Stockholders will be held on March 13, 2025.

Key Dates

Keywords

Special Meeting, ModivCare, Stockholders, Adjournment, Proxy Statement, Financial Results, SEC, Voting