Universal Power Group to Host Annual Meeting of Shareholders on October 23, 2012
CARROLLTON, Texas, Sep. 28 - /EWire/ --
Universal Power Group, Inc. (NYSE MKT: UPG), a Texas-based distributor and supplier of batteries and related power accessories, and a third-party logistics provider, today announced that its 2012 Annual Meeting of Shareholders is scheduled to be held on Tuesday, October 23, 2012 beginning at 10 a.m. Pacific Time, for shareholders of record as of the close of business on September 11, 2012. The meeting will be held at the Intercontinental Los Angeles Century City located at 2151 Avenue of the Stars, Los Angeles, California 90067.
UPG also reported it had received a letter, dated September 26, 2012, from the New York Stock Exchange Regulation department informing UPG that it had provided late notification to NYSE MKT of the "record date" for this meeting.
A company listed on NYSE MKT is required to provide the exchange with notice of the record date for its annual shareholders' meeting at least 10 days prior to the record date. UPG provided late notice of the record date to NYSE MKT. As a result, UPG did not comply with Section 703 of the NYSE MKT Company Guide (the “Company Guide”).
Promptly after the issuance of this press release, UPG will file a Current Report on Form 8-K with the U.S. Securities and Exchange Commission related to this matter. NYSE MKT advised UPG that, pursuant to Section 401(j) of the Company Guide, it was required to issue a news release in respect to this matter.
About Universal Power Group, Inc.
Universal Power Group, Inc. (NYSE MKT: UPG) is a leading supplier and distributor of batteries and power accessories, and a provider of supply chain and other value-added services. UPG's product offerings include proprietary brands of industrial and consumer batteries of all chemistries, chargers, power accessories, solar products, wire and cable and security products. UPG's supply chain services include procurement, warehousing, inventory management, distribution, fulfillment and value-added services such as sourcing, battery pack assembly and coordinating battery recycling efforts, as well as product development. For more information, please visit the UPG website at www.upgi.com.
Statements in this press release that are not statements of historical or current fact constitute "forward-looking statements." Such forward-looking statements involve known and unknown risks, uncertainties and other unknown factors that could cause the Company's actual operating results to be materially different from any historical results or from any future results expressed or implied by such forward-looking statements. In addition to statements that explicitly describe these risks and uncertainties, readers are urged to consider statements that contain terms such as "believes," "belief," "expects," "expect," "intends," "intend," "anticipate," "anticipates," "plans," "plan," to be uncertain and forward-looking. The forward-looking statements contained herein are also subject generally to other risks and uncertainties described from time to time in the Company's filings with the Securities and Exchange Commission. Historical financial results are not necessarily indicative of future performance.
For more information:
Universal Power Group, Inc.
Mimi Tan, SVP, 469-892-1122
Lambert, Edwards & Associates
Jeff Tryka, CFA, 616-233-0500
Karen Keller, 616-233-0500