Business Context and Reporting Period
This Form 8-K Current Report was filed by Five Oaks Investment Corp. on May 14, 2014, regarding the results of its Annual Meeting of Stockholders held on the same date. The filing details the outcomes of shareholder votes on director elections and the ratification of the independent auditor.
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 rather than financial performance.
Material Changes
No material financial changes are reported in this document. The primary events are the successful election of the Board of Directors and the ratification of the accounting firm.
Guidance, Outlook, and Voting Results
The Annual Meeting addressed two key proposals:
- Election of Directors: Five nominees were elected to the Board of Directors to serve until the next annual meeting. The voting results were as follows:
| Nominee | For | Withheld | Broker Non-Votes |
|---|---|---|---|
| David C. Carroll | 4,881,872 | 47,372 | 4,454,400 |
| Neil A. Cummins | 4,883,673 | 45,571 | 4,454,400 |
| William Houlihan | 4,879,823 | 49,421 | 4,454,400 |
| David Oston | 4,880,258 | 48,386 | 4,454,400 |
| Thomas M. Pearce, Jr. | 4,881,258 | 47,986 | 4,454,400 |
- Ratification of Auditor: Stockholders ratified the appointment of Grant Thornton LLP as the independent registered public accounting firm for the fiscal year ending December 31, 2014.
| Vote Type | Count |
|---|---|
| For | 9,270,462 |
| Against | 27,059 |
| Abstain | 86,123 |
Important Facts for Investors to Verify
- Confirm the total number of shares outstanding to calculate the percentage of votes cast versus total equity.
- Review the definitive proxy statement dated April 17, 2014, for detailed biographies of the elected directors and the rationale for selecting Grant Thornton LLP.
- Verify the company's financial performance in the most recent 10-Q or 10-K filing, as this 8-K contains no financial data.