Filing Overview
AFC Gamma, Inc. filed a Form 8-K dated May 18, 2023, reporting the results of its 2023 Annual Meeting of Shareholders. The filing identifies the registrant as AFC Gamma, Inc., although the request metadata refers to Advanced Flower Capital Inc.
Business Context and Reporting Period
The filing concerns corporate governance matters rather than operating or financial results. AFC Gamma’s common stock trades on Nasdaq under the symbol AFCG. The company is incorporated in Maryland and reported that it qualifies as an emerging growth company.
Meeting Results and Key Metrics
| Proposal | Result | Vote Results |
|---|---|---|
| Election of Alexander Frank as Class III director | Approved | For: 8,639,812; Withheld: 2,669,690; Broker non-votes: 3,719,444 |
| Election of Marnie Sudnow as Class III director | Approved | For: 9,240,864; Withheld: 2,068,638; Broker non-votes: 3,719,444 |
| Ratification of CohnReznick LLP as independent registered public accounting firm for the year ending December 31, 2023 | Approved | For: 14,892,546; Against: 107,654; Abstain: 28,746; Broker non-votes: none |
Frank and Sudnow were reelected for terms expiring at the 2026 annual meeting, subject to the election and qualification of their successors.
Material Changes, Outlook, and Risks
The filing does not report revenue, earnings, cash flow, margins, debt, liquidity, guidance, operating outlook, contingencies, or other financial performance measures. It does not disclose material changes versus a prior comparable period, unusual financial items, or new risks.
Important Facts to Verify
- Confirm the registrant’s current legal name, because the filing states AFC Gamma, Inc. while the request metadata identifies Advanced Flower Capital Inc.
- Verify the director terms and the continued service of Alexander Frank and Marnie Sudnow through the 2026 annual meeting, subject to successor qualification.
- Confirm CohnReznick LLP’s appointment as the independent registered public accounting firm for the year ending December 31, 2023.
- Review any separate periodic filings for financial results, liquidity, leverage, guidance, and operating risks, which are not addressed in this 8-K.