Business Context and Reporting Period
This Form 8-K reports on the results of the 2024 Annual Meeting of Shareholders held by Manhattan Bridge Capital, Inc. on June 20, 2024. The company is incorporated in New York and its common stock trades on the Nasdaq Capital Market under the symbol LOAN.
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.
Material Changes and Voting Results
The filing details the final results for two shareholder proposals:
Proposal No. 1: Election of Directors
Shareholders elected six individuals to the Board of Directors. All nominees received significant support, though a substantial number of broker non-votes were recorded for each candidate.
| Director Name | For | Withheld | Broker Non-Votes |
|---|---|---|---|
| Assaf Ran | 4,578,151 | 215,771 | 3,592,113 |
| Lyron Bentovim | 4,662,792 | 131,130 | 3,592,113 |
| Eran Goldshmit | 4,490,759 | 303,163 | 3,592,113 |
| Michael Jackson | 4,553,236 | 240,686 | 3,592,113 |
| Vanessa Kao | 4,629,108 | 164,814 | 3,592,113 |
| Phillip Michals | 4,609,385 | 184,537 | 3,592,113 |
Proposal No. 2: Auditor Approval
Shareholders provided advisory approval for the appointment of Hoberman & Lesser, LLP as the independent auditors for the fiscal year ending December 31, 2024.
- For: 8,065,464
- Against: 191,232
- Abstain: 129,339
- Broker Non-Votes: 0
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 total number of shares outstanding to calculate the percentage of votes cast for each director.
- Confirm the tenure of the newly elected directors and any changes to board committees.
- Review the engagement letter with Hoberman & Lesser, LLP to understand the scope of the audit for the 2024 fiscal year.
- Note the high volume of broker non-votes (3,592,113) for the director elections, indicating a significant portion of shares held in street name were not voted on this matter.