RC 8-K
Ready Capital Corp (RC)
UNITED
STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
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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:
| Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) | |
| Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) | |
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Securities registered pursuant to Section 12(b) of the Act:
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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. ¨
| Item 5.07. | Submission of Matters to a Vote of Security Holders. |
On August 22, 2023, Ready Capital Corporation, a Maryland corporation (the “Company”), held its annual meeting of stockholders, solely by means of a virtual meeting conducted live over the internet (the “Annual Meeting”), to vote on the Company’s proposals identified in the Company’s definitive proxy statement (the “Proxy Statement”) on Schedule 14A, filed with the Securities and Exchange Commission on July 3, 2023. A summary of voting results with respect to each proposal is set forth below.
Proposal 1. The stockholders elected all twelve director nominees to serve until the 2024 annual meeting of stockholders and until their respective successors are duly elected and qualify. The votes with respect to the election of each of the twelve directors were as follows:
| Director | Votes For | Votes Withheld | Broker Non-Votes | |||
| Thomas E. Capasse | 83,417,575 | 2,113,546 | 41,811,014 | |||
| Jack J. Ross | 83,647,900 | 1,883,221 | 41,811,014 | |||
| Frank P. Filipps | 83,827,196 | 1,703,925 | 41,811,014 | |||
| Daniel J. Hirsch | 79,975,223 | 5,555,898 | 41,811,014 | |||
| Kevin M. Luebbers | 84,287,372 | 1,243,749 | 41,811,014 | |||
| Meredith Marshall | 84,135,124 | 1,395,997 | 41,811,014 | |||
| Pinkie D. Mayfield | 83,553,819 | 1,977,302 | 41,811,014 | |||
| Dominique Mielle | 73,720,794 | 11,810,311 | 41,811,014 | |||
| Gilbert E. Nathan | 73,705,204 | 11,825,917 | 41,811,014 | |||
| Andrea Petro | 83,984,090 | 1,547,031 | 41,811,014 | |||
| J. Mitchell Reese | 63,476,441 | 22,054,680 | 41,811,014 | |||
| Todd M. Sinai | 73,770,491 | 11,760,630 | 41,811,014 |
Proposal 2. The stockholders ratified the appointment of Deloitte & Touche LLP as the Company’s independent registered public accounting firm for the 2023 fiscal year. The votes with respect to the ratification of the appointment of Deloitte & Touche LLP were as follows:
| Total Votes For | Total Votes Against | Abstentions | Broker Non-Votes | |||
| 125,686,124 | 1,176,150 | 479,861 | 0 |
Proposal 3. The stockholders approved, on an advisory basis, the compensation of the Company’s named executive officers, as described in the Proxy Statement. The votes with respect to such approval were as follows:
| Total Votes For | Total Votes Against | Abstentions | Broker Non-Votes | |||
| 80,865,180 | 3,334,299 | 1,331,642 | 41,811,014 |
Proposal 4. The stockholders approved and adopted the Company’s 2023 Equity Incentive Plan. The votes with respect to such approval were as follows:
| Total Votes For | Total Votes Against | Abstentions | Broker Non-Votes | |||
| 79,892,083 | 4,504,191 | 1,134,847 | 41,811,014 |
Signatures
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| READY CAPITAL CORPORATION | ||
| Date: August 23, 2023 | By: | /s/ Andrew Ahlborn |
| Name: | Andrew Ahlborn | |
| Title: | Chief Financial Officer | |