UTStarcom Announces New Date for Its 2007 Annual Meeting of Stockholders and Deadline for Submitting Stockholder Proposals
ALAMEDA, Calif., Sept. 24 /PRNewswire-FirstCall/ -- UTStarcom, Inc.
(Nasdaq: UTSI) today announced that it has changed the date of its 2007 Annual
Meeting of Stockholders from Thursday, November 8, 2007 to Thursday,
November 29, 2007 at 1 p.m., local time. The meeting will be held at the
Company's offices located at 1275 Harbor Bay Parkway, Alameda, California
94502. Stockholders of record as of the close of business on October 17, 2007
are entitled to notice of and vote at the 2007 Annual Meeting.
Rule 14a-8 Stockholder Proposal Deadline
The 2007 Annual Meeting date represents a change of more than 30 days from
the anniversary of UTStarcom's 2006 Annual Meeting of Stockholders. As a
result, pursuant to Rule 14a-8 under the Securities Exchange Act of 1934, as
amended, UTStarcom has set a new deadline for the receipt of any stockholder
proposals submitted pursuant to Rule 14a-8 for inclusion in UTStarcom's proxy
materials for the 2007 Annual Meeting. The new deadline for delivering
stockholder proposals to UTStarcom is the close of business on
Alameda, CA 94502, Attention: General Counsel and Corporate Secretary.
UTStarcom recommends that such proposals be sent by certified mail, return
receipt requested. Such proposals also will need to comply with the rules of
the Securities and Exchange Commission regarding the inclusion of stockholder
proposals in UTStarcom's proxy materials, and may be omitted if not in
compliance with applicable requirements.
Bylaws Advance Notice Deadline
In accordance with the requirements for advance notice set forth in
UTStarcom's by-laws, in order for a stockholder proposal to be submitted
outside of Rule 14a-8 or a director nomination to be considered timely, such
proposal or nomination must be received by the General Counsel and Corporate
Secretary by close of business on
Such proposals must comply with Article II, Section 2.5 of UTStarcom's bylaws.
This press release constitutes a public announcement of the date of the
2007 Annual Meeting for purposes of Article II, Section 2.5 of UTStarcom's
by-laws. A copy of UTStarcom's by-laws is available by submitting a written
request to the address noted above, Attention: Investor Relations, or by
accessing UTStarcom's website at
About UTStarcom, Inc.
UTStarcom is a global leader in IP-based, end-to-end networking solutions
and international service and support. UTStarcom sells its broadband,
wireless, and handset solutions to operators in both emerging and established
telecommunications markets around the world. UTStarcom enables its customers
to rapidly deploy revenue-generating access services using their existing
infrastructure, while providing a migration path to cost-efficient, end-to-end
IP networks. Founded in 1991 and headquartered in Alameda, California,
UTStarcom has research and design operations in the
For more information about UTStarcom, please visit the UTStarcom Web site
SOURCE UTStarcom, Inc.