Business Context and Reporting Period
This Form 8-K reports on the Annual Meeting of Security Holders for Oxbridge Re Holdings Ltd, held on May 12, 2016. The company is incorporated in the Cayman Islands. As of the record date of April 4, 2016, there were 6,060,000 ordinary shares outstanding and entitled to vote.
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 outcomes of two proposals submitted to shareholders:
Proposal 1: Election of Directors
Six nominees were elected to the Board of Directors to serve until the 2017 annual general meeting. The vote tabulation was as follows:
| Director Nominee | Votes For | Votes Against | Abstain |
|---|---|---|---|
| Paresh Patel | 1,936,129 | 44,654 | 30,001 |
| Sanjay Madhu | 1,956,429 | 24,354 | 30,001 |
| Krishna Persaud | 1,880,663 | 15,100 | 115,021 |
| Ray Cabillot | 1,965,784 | 15,100 | 29,900 |
| Allan Martin | 1,943,766 | 37,118 | 29,900 |
| Mayur Patel, M.D. | 1,870,491 | 120,292 | 20,001 |
Proposal 2: Ratification of Independent Auditor
Shareholders ratified the appointment of Hacker, Johnson & Smith, P.A. as the independent auditor for the fiscal year ending December 31, 2015.
- For: 5,404,311
- Against: 2,000
- Abstain: 21,987
- 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 tenure of the newly elected directors, which extends until the 2017 annual meeting.
- Note the significant number of abstentions for Krishna Persaud (115,021) and Mayur Patel (20,001) compared to other nominees.
- Confirm the appointment of Hacker, Johnson & Smith, P.A. as the auditor for the 2015 fiscal year.
- Review the previously filed Proxy Statement for detailed background on the director nominees and auditor selection.