Fidelity reply:

"Thank you for contacting me regarding the SEC guidelines for annual meetings. I do know that the SEC requires listed companies to file statements and reports, however I am not aware of a requirement to hold annual meetings for OTCBB & Pink Sheet stocks. For more information on SEC requirements I would recommend that you contact them directly.

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I do not recall there being a SHM in 2006 or 2007, sooo, I say yes to the meeting being postponed is legal.