AGM Q&AQuestions and answers from SGM:
1) Can we get Motorola trial update? Answer: Motorola litigation going through discovery phase. Next phase q4 2020. Case was transferred to new judge.
2) Has Apple litigation motion been raised to include newer models and legal costs? Answer: New models has been brought to attention of court as part of trial.
2) What are plans to replenish cash if new M&A strategy is revived? Answer: Rely on the 3 current businesses to replenish cash.
3) What is CEO plan if covid delay? Answer: 3 current companies have strong CEOs reporting to board. CEO recruiting plan continues.
4) What is shareholders rights plan status? Answer: Shareholders rights plan was cancelled 4 or 5 years ago.
5) What is 2020 earnings guidance? Answer: As in previous years, earnings guidance is not being provided.
6) Does adjusted EBITDA include share compensation and special adjustments? Answer:It’s in the financials.
Additional comments:
1) No timeline was proved for divident or share buyback review.
2) 2020 first quarter results on or before May 21.