Fuel Systems Solutions: Special Meeting of Stockholders
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Fuel Systems Solutions, Inc. (“Fuel Systems” or “the Company”) (Nasdaq:FSYS) today announced that it intends to adjourn, without conducting any business, its special meeting of stockholders previously scheduled for March 22, 2016, at 12:00 p.m., Eastern Time. On March 22, 2016, Fuel Systems will announce the date on which the special meeting will be reconvened.
As previously announced, the special meeting is being held to vote on the Company’s proposed merger with Westport Innovations Inc. ("Westport") (TSX: WPT / Nasdaq: WPRT). On March 7, 2016, Fuel Systems announced that it had signed an Amendment (the "Amended Agreement") to its previously announced Agreement and Plan of Merger with Westport dated as of September 1, 2015.
Fuel Systems is adjourning the special meeting to provide adequate time for the filing with and review by the Securities and Exchange Commission (the “SEC”) of an amended proxy statement/prospectus in connection with the Amended Agreement. The adjournment will also allow reasonable additional time for the mailing and review by the Company’s stockholders of the amended proxy statement/prospectus.
The Amended Agreement has been approved by the Boards of Directors of both companies.
About Fuel Systems Solutions
Fuel Systems Solutions (Nasdaq: FSYS) is a leading designer, manufacturer and supplier of proven, cost-effective alternative fuel components and systems for use in transportation and industrial applications. Fuel Systems' components and systems control the pressure and flow of gaseous alternative fuels, such as propane and natural gas, used in internal combustion engines. These components and systems feature the Company's advanced fuel system technologies, which improve efficiency, enhance power output and reduce emissions by electronically sensing and regulating the proper proportion of fuel and air required by the internal combustion engine. In addition to the components and systems, the Company provides engineering and systems integration services to address unique customer requirements for performance, durability and configuration. Additional information is available at www.fuelsystemssolutions.com.