CareCloud, Inc 8-K, filed Apr 29, 2020

UNITEDSTATES

SECURITIESAND EXCHANGE COMMISSION

Washington,D.C. 20549

FORM8-K

CURRENTREPORT

Pursuantto Section 13 or 15(d) of the

SecuritiesExchange Act of 1934

Date of Report (Date of earliest event reported): April 28, 2020

MTBC,INC.

(Exact name of registrant as specified in its charter)

7Clyde Road, Somerset, New Jersey, 08873

(Address of principal executive offices, zip code)

(732)873-5133

(Registrant’s telephone number, including area code)

NotApplicable

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

Securities registered pursuant to Section 12(b) of the Act:

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company [  ]

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. [  ]

On April 28, 2020, pursuant to a Unanimous Written Consent in lieu of a Meeting of the Board of Directors (the “Board”) of MTBC, Inc. (the “Company”), the Board, upon the recommendation of its Nominating and Governance Committee, elected Lawrence Steven Sharnak to serve as a Class II Director of the Company, effective as of April 29, 2020. Mr. Sharnak will serve as a director until the Company’s 2021 annual meeting of stockholders and thereafter until his successor is duly elected and qualified or until his earlier death, resignation or removal. The Board also appointed Mr. Sharnak to serve on its Audit Committee, effective as of April 29, 2020. The Board determined Mr. Sharnak to be independent under the independence requirements of the Listing Rules of the NASDAQ Stock Market and the SEC. There are no arrangements or understandings between Mr. Sharnak and any other person pursuant to which he was elected as a director of the Company, nor are there any transactions involving Mr. Sharnak requiring disclosure under Item 404(a) of Regulation S-K.

On April 28, 2020, the Board, upon the recommendation of its Nominating and Governance Committee, appointed Anne Busquet as the Chairperson of the Audit Committee, effective as of April 29, 2020. Ms. Busquet currently serves on the Audit Committee.

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SIGNATURE(S)

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.

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