CareCloud, Inc 8-K/A, filed Oct 12, 2023
CareCloud, Inc. (CCLD)
About this 8-K/A
CareCloud, Inc filed this 8-K/A on October 12, 2023, reporting on events of May 22, 2023.
Items reported
- Item 5.07: Shareholder vote results
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
(Amendment No. 1)
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EXPLANATORY NOTE
| Item 5.07 | Submission of Matters to a Vote of Security Holders |
The Company held its Annual Meeting of Shareholders (the “Annual Meeting”) on May 22, 2023 in Somerset, New Jersey. As of April 3, 2023, the record date, there were 15,592,608 shares of common stock outstanding and eligible to vote on all items at the Annual Meeting. The proposals considered at the Annual Meeting are described in detail in the Company’s Proxy Statement on Schedule 14A filed with the Securities and Exchange Commission on April 3, 2023. The proposals described below were voted upon at the Annual Meeting and the number of votes cast with respect to each such proposal was as follows:
| 1. | The two nominees listed below were elected to the Board of Directors with each director receiving votes as follows: |
| Election of Directors | For | Withheld | Broker Non-Votes | ||||||
| Anne Busquet | 7,721,823 | 499,789 | 0 | ||||||
| Lawrence Sharnak | 6,463,995 | 1,757,617 | 0 | ||||||
| 2. | The compensation of the Company’s named executive officers as disclosed in the Company’s Proxy Statement was approved on an advisory basis, receiving votes as follows: |
| For | Against | Abstain | Broker Non-Votes | ||||||||||
| 7,593,792 | 415,454 | 212,366 | 0 | ||||||||||
| 3. | The frequency of the shareholders’ vote on the compensation of the Company’s named executive officers was approved for annual voting on an advisory basis, receiving votes as follows: |
| Every Year | Every 2 Years | Every 3 Years | Abstain | ||||||||||
| 7,913,356 | 7,757 | 285,447 | 15,052 | ||||||||||
Based on the results of the above advisory vote related to the frequency of future advisory votes to approve the compensation of the Company’s named executive officers, the Company has determined that the frequency for which the Company will include an advisory vote regarding the compensation of its named executive officers in its future proxy materials for shareholder consideration will be every year, until the next required vote on the frequency of such an advisory vote.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| CareCloud, Inc. | ||
| Date: October 12, 2023 | By: | /s/ A. Hadi Chaudhry |
| A. Hadi Chaudhry | ||
| Chief Executive Officer | ||
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