Business Context and Reporting Period
This Form 8-K reports on the Annual Meeting of Ipsidy Inc. (not Authid Inc. as indicated in metadata) held on December 14, 2018, in Long Beach, New York. The filing details the results of shareholder votes on director elections and auditor ratification.
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 events.
Material Changes and Voting Results
Of the 476,416,957 shares outstanding on the record date (October 22, 2018), 278,296,806 shares were represented at the meeting, constituting a quorum. The following proposals were approved:
- Director Elections: Five directors were elected to the board. The vote counts were as follows:
- Philip Beck: 222,734,693 For / 2,339,748 Withheld
- Herbert Selzer: 218,204,973 For / 6,869,468 Withheld
- Ricky Solomon: 218,249,973 For / 6,824,468 Withheld
- Theodore Stern: 224,520,942 For / 553,499 Withheld
- Thomas Szoke: 213,468,472 For / 11,605,969 Withheld
- Auditor Ratification: The appointment of Cherry Bekaert LLP as independent auditors for the fiscal year ending December 31, 2018, was ratified.
- For: 271,544,422
- Against: 433,333
- Abstain: 6,319,051
Guidance, Outlook, and Risks
The filing text does not provide guidance, outlook, management commentary, risks, contingencies, or unusual items. The document is limited to the disclosure of voting results.
Investor Verification Checklist
- Verify the discrepancy between the metadata company name ("Authid Inc.") and the registrant name in the filing ("Ipsidy Inc.").
- Review the full Proxy Statement referenced in the filing for detailed biographies of the elected directors and the rationale for auditor selection.
- Confirm the total share count and quorum status against the company's most recent 10-K or 10-Q filings.