CorePoint Lodging Moves 2020 Annual Meeting of Stockholders to Virtual-Only Format
Rhea-AI Summary
CorePoint Lodging Inc. (NYSE: CPLG) announced its 2020 Annual Meeting of Stockholders will be held virtually on May 21, 2020, at 10:00 a.m. Central Time to ensure safety amid the COVID-19 pandemic. Only stockholders of record as of April 2, 2020, can vote. Participants can access the meeting via www.virtualshareholdermeeting.com/CPLG2020 using a control number from their proxy materials. CorePoint emphasizes the importance of shareholder engagement and plans to return to in-person meetings in the future.
Positive
- Virtual format ensures safety for attendees during the COVID-19 pandemic.
- Stockholders are encouraged to submit questions electronically, enhancing engagement.
- Technical support available for a smooth virtual meeting experience.
Negative
- In-person attendance is not allowed, limiting direct shareholder interaction.
News Market Reaction – CPLG
In the trading session that priced this news, CPLG declined 9.54%, reflecting a notable negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
AI-generated analysis. How Rhea-AI works. Not financial advice.
IRVING, Texas, May 04, 2020 (GLOBE NEWSWIRE) -- CorePoint Lodging Inc. (NYSE: CPLG) (“CorePoint” or the “Company”) today announced that the Company’s 2020 Annual Meeting of Stockholders (the “Annual Meeting”) will be held as a virtual-only meeting, on the previously announced date and time of May 21, 2020 at 10:00 a.m. Central Time. Stockholders will not be able to physically attend the Annual Meeting. The change is intended to help protect the health and well-being of the Company’s directors, employees, stockholders and their families in light of the public health impact of the COVID-19 pandemic.
As described in the proxy materials for the Annual Meeting that were previously distributed, only stockholders of record or their proxy holders at the close of business on April 2, 2020, are entitled to vote at the Annual Meeting. Stockholders will be admitted to the virtual Annual Meeting at www.virtualshareholdermeeting.com/CPLG2020 by entering the 16-digit control number found on their proxy card or voting instruction form previously sent. Stockholders who have not already voted, or who wish to revoke their proxy and change their vote, will be able to vote at the Annual Meeting via the virtual meeting platform. Stockholders will also have the opportunity to submit questions electronically during the meeting.
Technical assistance will be available for stockholders encountering any difficulties accessing the virtual Annual Meeting. The technical support contact information will appear on the meeting website, www.virtualshareholdermeeting.com/CPLG2020, prior to the start of the Annual Meeting.
Whether or not a stockholder plans to virtually attend the Annual Meeting, CorePoint urges all stockholders to vote and submit their proxy in advance of the Annual Meeting by one of the methods described in the proxy materials previously distributed.
Although the 2020 Annual Meeting will be held in a virtual meeting format, the Company remains dedicated to shareholder engagement and intends to return to an in-person meeting format for future meetings.
About CorePoint Lodging Inc.
CorePoint Lodging Inc. (NYSE: CPLG) is a pure-play publicly traded U.S. lodging REIT strategically focused on the ownership of midscale and upper-midscale select-service hotels. CorePoint owns a geographically diverse portfolio in attractive locations primarily in or near employment centers, airports, and major travel thoroughfares. The portfolio consists of La Quinta branded hotels. For more information, please visit CorePoint’s website at www.corepoint.com.
CONTACT:
Becky Roseberry
SVP – Finance and Investor Relations
(214) 501-5535
investorrelations@corepoint.com