It should be noted that there will be a vote tomorrow to extend the terms for conversion of all classes of E stock into class A by one year. From SEC filings:
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A Joint Special Meeting of the Stockholders of Class A and Classes E-1, E-2 and E-3 Common Stock of LightPath Technologies, Inc., a Delaware corporation (the "Company"), will be held at the Company's corporate headquarters, located at 6820 Academy Parkway East, N.E., Albuquerque, New Mexico 87109, on June 6 1997, at 1:00 p.m. M.D.S.T. for the following purposes:
(1) To consider and vote upon a proposal to amend the Company's Certificate of Incorporation to provide, subject to the prior respective sequential conversions of the Class E-1 and Class E-2 Common Stock into shares of Class A Common Stock, for the extension by successive one-year periods, respectively, of the dates by which the Company's Class A Common Stock must attain certain market price levels or the Company must meet certain per share earnings levels, in order to cause the automatic conversions into Class A Common Stock of the Company's Class E-2 and Class E-3 Common Stock and forestall the redemption thereof at a nominal price; and |
