MALVERN, PA — USA Technologies, Inc. (OTC: USAT), a cashless payments and software services company that provides end-to-end technology solutions for the self-service retail market, today announced that the Company will hold its Annual Meeting of Shareholders on April 30, 2020. USAT issued the following statement:
The USAT management team, with the assistance and oversight of the Board of Directors, is continuing to take necessary actions to advance our market leadership position, accelerate our growth and deliver value for our shareholders.
As previously announced, USAT has regained compliance with its financial reporting obligations and significantly strengthened its corporate governance, while also implementing a series of measures to bring USAT’s oversight and control functions in line with best practices.
We are now pleased to announce that the Company will hold its Annual Meeting of Shareholders on April 30, 2020. This puts an end to the unnecessary and costly distraction posed by Hudson Executive Capital’s litigation to pursue an invalid special meeting of shareholders.
Additionally, we believe the timing of the Annual Meeting will allow us to meet all NASDAQ requirements related to the relisting process.
In connection with its 2020 Annual Meeting of Shareholders, USAT will file a definitive proxy statement with the U.S. Securities and Exchange Commission in March 2020.
Source: USA Technologies Inc, 100 Deerfield Ln Ste 300, Malvern PA 19355
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