Sachem Capital Corp. 8-K Summary
Business Context and Reporting Period
This Form 8-K reports on the results of the 2022 Annual Meeting of Shareholders held by Sachem Capital Corp. on July 19, 2022. The filing details shareholder votes on director elections, a charter amendment, and auditor approval.
Key Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity metrics. This report focuses exclusively on corporate governance events.
Material Changes and Voting Results
Shareholders approved three key matters at the Annual Meeting:
- Election of Directors: Four incumbent directors were elected. Vote totals were as follows:
- John L. Villano: 11,792,326 For; 430,241 Withheld.
- Leslie Bernhard: 11,613,167 For; 609,400 Withheld.
- Arthur Goldberg: 11,625,609 For; 596,958 Withheld.
- Brian Prinz: 11,293,835 For; 928,732 Withheld.
- Charter Amendment: Shareholders approved an amendment to increase authorized common shares from 100,000,000 to 200,000,000.
- For: 20,413,991
- Against: 3,920,584
- Abstain: 1,077,325
- Advisory Approval of Auditors: Shareholders approved the appointment of Hoberman & Lesser, LLP as independent auditors for the 2022 fiscal year.
- For: 24,663,789
- Against: 298,746
- Abstain: 449,365
Guidance, Outlook, and Risks
The filing text does not provide a clear value for guidance, outlook, management commentary, risks, contingencies, or unusual items.
Key Facts for Investor Verification
- Verify the effective date of the charter amendment increasing authorized shares to 200 million.
- Confirm the tenure of the four re-elected directors.
- Review the 2022 audit report issued by Hoberman & Lesser, LLP.
- Check subsequent filings for any financial updates related to the company's debt securities listed on NYSE American.