AGS Postpones Annual Meeting, Implements Furloughs

Sat, Apr 18, 2020

AGS said it will postpone its annual shareholder meeting until July 1, instead of holding a virtual meeting on the planned May 8 date, as the company begins workforce reductions.

AGS Postpones Annual Meeting, Implements Furloughs

Gaming supplier AGS said in a filing with the U.S. Securities and Exchange Commission that it will postpone its annual shareholder meeting until July 1, instead of holding a virtual meeting on its original May 8 date.

Also, the manufacturer has implemented company-wide salary cuts and reduced its workforce by 10 percent in an effort to preserve liquidity during the industry shutdown caused by the coronavirus pandemic. according to a report in the CDC Gaming Reports news site.

“We expect that our furloughed employees will continue to receive all their employee benefits during the furlough,” AGS said in the SEC statement.

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