CORNING, N.Y, March 30, 2020 (GLOBE NEWSWIRE) -- Corning Incorporated (GLW) announced on Monday that, in light of the ongoing public-health crisis caused by the coronavirus (COVID-19) pandemic, related governmental actions, and the importance of safeguarding the health of all Corning stakeholders, the location and format of the Annual Meeting of Shareholders of Corning Incorporated (the “Annual Meeting”) has been changed. As previously announced, the Annual Meeting will be held on Thursday, April 30, 2020, at 11 a.m. EST. However, the Annual Meeting now will be convened at Corning’s Headquarters at One Riverfront Plaza, Corning, New York, 14831, and a remote/virtual option also will be provided.
To minimize the risks to shareholders and employees, Corning encourages all shareholders to access the Annual Meeting via the webcast, rather than attend the meeting in person, and to vote and submit proxies in advance of the meeting by one of the methods described in the proxy materials. Shareholders may access the meeting electronically at virtualshareholdermeeting.com/GLW2020 by entering the control number found on their proxy cards, voting instruction forms, or notices previously received. The proxy cards included with the proxy materials previously distributed will not be updated to reflect the change in location and may continue to be used to vote in connection with the Annual Meeting. Shareholders who choose to access the Annual Meeting electronically may vote by following the instructions available on the meeting website during the meeting.
As circumstances relating to the COVID-19 pandemic develop, Corning may impose additional procedures or limitations on Annual Meeting attendees (beyond those described in the proxy statement and the supplemental proxy statement). If the state of emergency in New York state continues through April 30, Corning will likely hold the Annual Meeting solely by means of remote/virtual communication (i.e., a virtual-only meeting) and eliminate the option to attend in person, as permitted by any then-current state Executive Order. Corning will announce any such changes by press release and by posting on its website at investor.corning.com, as well as through an SEC filing.
Caution Concerning Forward-Looking Statements
This press release contains “forward-looking statements” (within the meaning of the Private Securities Litigation Reform Act of 1995), which are based on current expectations and assumptions about Corning’s financial results and business operations, that involve substantial risks and uncertainties that could cause actual results to differ materially. These risks and uncertainties include: the duration and severity of the recent COVID-19 (coronavirus) outbreak, and its ultimate impact across our businesses on demand, operations and our global supply chains; the effects of acquisitions, dispositions and other similar transactions by the Company, the effect of global business, financial, economic and political conditions; tariffs and import duties; currency fluctuations between the U.S. dollar and other currencies, primarily the Japanese yen, New Taiwan dollar, euro, Chinese yuan, and South Korean won; product demand and industry capacity; competitive products and pricing; availability and costs of critical components and materials; new product development and commercialization; order activity and demand from major customers; the amount and timing of our cash flows and earnings and other conditions, which may affect our ability to pay our quarterly dividend at the planned level or to repurchase shares at planned levels; possible disruption in commercial activities due to terrorist activity, cyber-attack, armed conflict, political or financial instability, natural disasters, or major health concerns; unanticipated disruption to equipment, facilities, IT systems or operations; effect of regulatory and legal developments; ability to pace capital spending to anticipated levels of customer demand; rate of technology change; ability to enforce patents and protect intellectual property and trade secrets; adverse litigation; product and components performance issues; retention of key personnel; customer ability, most notably in the Display Technologies segment, to maintain profitable operations and obtain financing to fund their ongoing operations and manufacturing expansions and pay their receivables when due; loss of significant customers; changes in tax laws and regulations including the Tax Cuts and Jobs Act of 2017; and the potential impact of legislation, government regulations, and other government action and investigations.
For a complete listing of risks and other factors, please reference the risk factors and forward-looking statements described in our annual reports on Form 10-K and quarterly reports on Form 10-Q. Forward-looking statements speak only as of the day that they are made, and Corning undertakes no obligation to update them in light of new information or future events.
In accordance with guidance provided by the SEC regarding the use of company websites and social media channels to disclose material information, Corning Incorporated (“Corning”) wishes to notify investors, media, and other interested parties that it uses its website (http://www.corning.com/worldwide/en/about-us/news-events.html) to publish important information about the company, including information that may be deemed material to investors, or supplemental to information contained in this or other press releases. The list of websites and social media channels that the company uses may be updated on Corning’s media and website from time to time. Corning encourages investors, media, and other interested parties to review the information Corning may publish through its website and social media channels as described above, in addition to the company’s SEC filings, press releases, conference calls, and webcasts.
About Corning Incorporated
Corning (www.corning.com) is one of the world's leading innovators in materials science, with a more than 165-year track record of life-changing inventions. Corning applies its unparalleled expertise in glass science, ceramic science, and optical physics along with its deep manufacturing and engineering capabilities to develop category-defining products that transform industries and enhance people's lives. Corning succeeds through sustained investment in RD&E, a unique combination of material and process innovation, and deep, trust-based relationships with customers who are global leaders in their industries.
Corning's capabilities are versatile and synergistic, which allows the company to evolve to meet changing market needs, while also helping our customers capture new opportunities in dynamic industries. Today, Corning's markets include optical communications, mobile consumer electronics, display technology, automotive, and life sciences vessels. Corning's industry-leading products include damage-resistant cover glass for mobile devices; precision glass for advanced displays; optical fiber, wireless technologies, and connectivity solutions for state-of-the-art communications networks; trusted products to accelerate drug discovery and delivery; and clean-air technologies for cars and trucks.