B/E Aerospace, Inc. (“ B/E” or the “ Company”) (NASDAQ:BEAV) announced today that the Board of Directors (the “ Board”) of the Company has determined to postpone the Company’s 2014 Annual Meeting of Stockholders (the “ Annual Meeting”), which was originally scheduled to be held at 10:30 a.m. Eastern Time on Thursday, July 24, 2014.
The Company has determined to postpone the Annual Meeting in order to allow the Board and the Company’s management to further evaluate the Company’s strategic alternatives. As announced on May 4, 2014, the Company is exploring strategic alternatives which could include, amongst others, a possible spin-off or other separation of selected businesses within the Company, a merger, or other strategic transactions involving the Company or its businesses.
The Company will announce the new date and time of the Annual Meeting once a final determination has been made and will file an amended proxy statement and related proxy materials with the Securities and Exchange Commission (“ SEC”) at such time. As a result of this postponement, none of the proposals set forth in the Company’s definitive proxy statement on Schedule 14A filed with the SEC on April 30, 2014 are being submitted for consideration by the Company’s stockholders at this time, and the Company is not contemplating soliciting any proxies for the Annual Meeting until such time as the amended proxy materials are distributed to the Company’s stockholders.
Because of the postponement of the Annual Meeting, the due dates for the provision of any qualified stockholder proposal under the rules of the SEC or qualified stockholder nominations or other proposals under the By-Laws described in the Company’s 2013 Definitive Proxy Statement will no longer be applicable. Once a final determination of the new date and time of the Annual Meeting has been made, the Company will notify stockholders of the new meeting date and the due date by which any qualified stockholder proposals or stockholder nominations should be submitted.
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