Business Context and Reporting Period
This Form 8-K reports the results of the 2018 Annual Meeting of Stockholders for New York Mortgage Trust, Inc. (the "Company"), held on June 4, 2018. The filing was submitted on June 6, 2018. The record date for the meeting was April 9, 2018.
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 and voting outcomes.
Material Changes and Voting Results
Approximately 90.14% of outstanding shares were represented at the meeting. The following proposals were voted upon:
- Proposal 1 (Election of Directors): All six nominees were duly elected. Broker non-votes totaled 63,718,095 shares.
- Proposal 2 (Say-on-Pay): Stockholders approved the compensation of named executive officers on an advisory basis. Votes cast were 33,058,130 For, 3,243,269 Against, and 1,032,200 Abstain.
- Proposal 3 (Auditor Ratification): Stockholders ratified the selection of Grant Thornton LLP as the independent registered public accounting firm for the fiscal year ending December 31, 2018. Votes cast were 96,643,935 For, 2,951,998 Against, and 1,455,761 Abstain.
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 tenure of the newly elected directors, who serve until the 2019 Annual Meeting.
- Confirm the high level of broker non-votes (63,718,095 shares) associated with the director election and say-on-pay vote.
- Note the strong approval margin for the auditor ratification (96.6 million votes For vs. 2.9 million Against).