TAMPA, Fla., April 22, 2021 (Globe NEWSWIRE) — AutoWeb, Inc. (Nasdaq: Automobile), a robust digital advertising and marketing system giving electronic marketing options for automotive dealers and OEMs, will maintain a conference simply call on Thursday, May perhaps 6, 2021 at 5:00 p.m. Jap time to go over its monetary success for the to start with quarter ended March 31, 2021. The corporation will report its economic final results in a press release prior to the convention connect with.
AutoWeb President & CEO Jared Rowe and CFO Mike Sadowski will host the conference call, adopted by a issue-and-reply session.
Date: Thursday, May well 6, 2021
Time: 5:00 p.m. Jap time (2:00 p.m. Pacific time)
Toll-cost-free dial-in variety: 1-877-852-2929
International dial-in amount: 1-404-991-3925
Meeting ID: 5791335
The convention get in touch with will also be broadcast dwell at www.autoweb.com (click on “Investors” and then simply click on “Events & Presentations”). Be sure to check out the web page at least 15 minutes prior to the commence of the get in touch with to register and down load any essential software program. For those who will be joining the contact by cell phone, be sure to connect with the convention phone variety 5-10 minutes prior to the begin time, and an operator will sign up your title and corporation. If you have any issue connecting with the meeting contact, make sure you get in touch with Gateway Investor Relations at 1-949-574-3860.
A replay of the conference connect with will be accessible soon after 8:00 p.m. Eastern time on the similar working day by way of May perhaps 13, 2021. The simply call will also be archived in the Investors part of the company’s web-site for 1 yr.
Toll-free replay number: 1-855-859-2056
Intercontinental replay variety: 1-404-537-3406
Replay ID: 5791335
Tax Profit Preservation Strategy
At December 31, 2020, the organization had roughly $104.1 million in available net running loss carryforwards (NOLs) for U.S. federal revenue tax needs. AutoWeb reminds stockholders about its Tax Profit Preservation Program dated May 26, 2010, as amended (the “Plan”) among the organization and Computershare Believe in Firm, N.A., as legal rights agent.
The Approach was adopted by the company’s board of administrators to protect the company’s NOLs and other tax characteristics, and consequently decrease the risk of a feasible adjust of possession under Portion 382 of the Inside Income Code. Any such modify of ownership below Part 382 would restrict or remove the means of the enterprise to use its existing NOLs for federal cash flow tax functions. In basic, an possession modify will happen if the company’s 5% shareholders, for reasons of Part 382, collectively boost their possession in the organization by an combination of additional than 50 percentage factors around a rolling three-yr period. The Approach is developed to lower the probability that the business activities this kind of an ownership alter by discouraging any individual or team from becoming a new 5% shareholder below Segment 382. Legal rights issued beneath the Strategy could be brought on upon the acquisition by any particular person or group of 4.9% or extra of the company’s outstanding common stock and could final result in substantial dilution of the acquirer’s percentage ownership in the organization. There is no promise that the Strategy will realize the goal of preserving the price of the company’s NOLs.
As of March 31, 2021, there were being 13,443,909 shares of the company’s widespread inventory, $.001 par value, outstanding. Individuals or teams thinking of the acquisition of shares of effective ownership of the company’s popular inventory should initial assess their share possession centered on this revised remarkable share number to assure that the acquisition of shares does not outcome in valuable ownership of 4.9% or more of exceptional shares. For additional information about the Plan, please pay a visit to trader.autoweb.com/fiscal-data/tax.
About AutoWeb, Inc.
AutoWeb, Inc. gives large-top quality purchaser prospects, clicks and associated advertising expert services to automotive dealers and suppliers during the United States. The corporation also provides customers with robust and primary on-line automotive information to aid them make informed automobile-obtaining selections. The business pioneered the automotive Web in 1995 and has since aided tens of thousands and thousands of automotive shoppers analysis cars related thousands of sellers nationwide with determined motor vehicle customers and has served each individual key automaker market place its manufacturer on line.
Traders and other fascinated parties can obtain AutoWeb news alerts and unique event invites by accessing the on-line registration form at http://investor.autoweb.com/alerts.cfm.
Chief Monetary Officer
Trader Relations Call:
Cody Cree or Jackie Keshner
Gateway Investor Relations