Business Context and Reporting Period
This Form 8-K reports on the 2014 Annual Meeting of Stockholders held by FitLife Brands, Inc. on July 8, 2014. The filing details the results of shareholder votes regarding the election of directors and the ratification of independent auditors.
Key Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report focuses exclusively on corporate governance voting results.
Material Changes and Voting Results
Proposal No. 1: Election of Directors
Five nominees were elected to the Board of Directors by a plurality of votes cast. The results were as follows:
- John Wilson: 3,774,061 For; 2,500 Withheld
- Michael Abrams: 3,753,561 For; 23,000 Withheld
- Lewis Jaffe: 3,774,061 For; 2,500 Withheld
- Grant Dawson: 3,761,845 For; 14,716 Withheld
- Fadi Aramouni: 3,761,053 For; 15,508 Withheld
Directors serve until the 2015 annual meeting or until successors are elected.
Proposal No. 2: Ratification of Auditors
Stockholders ratified the appointment of Tarvaran Askelson & Company, LLP as the independent auditors for the fiscal year ending December 31, 2014.
- For: 6,291,149
- Against: 49,941
- Abstain: 4,500
Guidance, Outlook, and Risks
The filing contains no management commentary, financial guidance, outlook, or discussion of risks and contingencies. For further details on the proposals, the filing references the definitive proxy statement filed on May 29, 2014.
Investor Verification Checklist
- Verify the definitive proxy statement filed on May 29, 2014, for detailed biographies of directors and auditor independence disclosures.
- Confirm the total number of shares outstanding to calculate the percentage of votes cast versus total equity.
- Review subsequent filings for the 2014 audited financial statements prepared by Tarvaran Askelson & Company, LLP.