Business Context and Reporting Period
This Form 8-K is a current report filed by Five Oaks Investment Corp. (not Lument Finance Trust, Inc.) on July 14, 2017, regarding events occurring on July 12, 2017. The filing details the results of the Company's Annual Meeting of Stockholders.
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
At the Annual Meeting, 14,890,759 shares were present in person or by proxy. Stockholders approved the following matters:
- Election of Directors: Five nominees were elected to the Board of Directors to serve until the next annual meeting. All nominees received significant "For" votes, with "Broker Non-Votes" totaling 7,422,768 for each nominee.
- Ratification of Auditors: Stockholders ratified the appointment of Grant Thornton LLP as the independent registered public accountants for the fiscal year ending December 31, 2017.
Voting Breakdown
| Matter | For | Against/Withheld | Abstain | Broker Non-Votes |
|---|---|---|---|---|
| Director Elections (Aggregate) | Varied by nominee (approx. 6.8M - 7.1M) | Varied by nominee (approx. 338K - 646K) | N/A | 7,422,768 (per nominee) |
| Ratification of Auditors | 14,501,721 | 198,423 | 190,614 | N/A |
Guidance, Outlook, and Risks
The filing text does not provide a clear value for guidance, outlook, management commentary, risks, contingencies, or unusual items. The document is limited to reporting the outcome of the shareholder vote.
Investor Verification Checklist
- Verify the identity of the registrant as Five Oaks Investment Corp., noting the discrepancy with the requested company name (Lument Finance Trust, Inc.).
- Confirm the composition of the newly elected Board of Directors (David C. Carroll, Neil A. Cummins, William A. Houlihan, Walter C. Keenan, David Oston).
- Review the full proxy statement for details on director qualifications and the rationale for selecting Grant Thornton LLP.
- Check subsequent filings for the Company's financial performance for the fiscal year ending December 31, 2017.