Business Context and Reporting Period
Moving iMage Technologies, Inc. (MITQ) filed this Form 8-K to report the results of its Annual Meeting of Stockholders held on December 19, 2024. The company is incorporated in Delaware and its common stock trades on the NYSE American LLC.
Key Financial Metrics
This filing is a current report regarding corporate governance and does not contain financial performance data. The text does not provide values for revenue, profit, cash flow, margins, debt, or liquidity.
Material Changes
No material financial changes are reported in this document. The filing details the successful election of the board of directors and the ratification of the independent auditor.
Corporate Governance and Voting Results
As of the record date (October 30, 2024), there were 9,912,875 shares outstanding. A total of 6,506,339 shares were present in person or by proxy at the meeting.
Proposal 1: Election of Directors
All five nominees were elected to serve until the 2025 annual meeting. Broker non-votes totaled 2,253,887 shares and did not affect the outcome.
| Director Nominee | Votes For | Votes Withheld |
|---|---|---|
| Phil Rafnson | 4,222,264 | 30,188 |
| Francois Godfrey | 4,201,124 | 51,328 |
| Katherine D. Crothall, Ph.D. | 4,172,045 | 80,407 |
| John C. Stiska | 4,152,075 | 100,377 |
| Scott Anderson | 4,175,194 | 77,258 |
Proposal 2: Ratification of Auditors
Stockholders approved the appointment of Haskell & White LLP as the independent registered public accounting firm for the fiscal year ending June 30, 2025.
- Votes For: 6,482,949
- Votes Against: 19,303
- Abstentions: 4,087
Investor Verification Checklist
- Verify the definitive Proxy Statement filed on November 5, 2024, for detailed background on the director nominees and auditor appointment.
- Confirm the total number of shares outstanding (9,912,875) and the quorum status (6,506,339 shares present) for the December 19, 2024 meeting.
- Note the significant number of broker non-votes (2,253,887) regarding the director election, which indicates shares held by brokers that were not voted on this matter.
- Review upcoming 10-K or 10-Q filings for the actual financial performance metrics, as they are not included in this 8-K.