Business Context and Reporting Period
This Form 8-K reports on the 2020 Annual Meeting of Stockholders held by SilverSun Technologies, Inc. on December 17, 2020. The filing details the outcomes of shareholder votes regarding director elections, auditor ratification, and executive compensation.
Key Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This document focuses exclusively on corporate governance voting results.
Material Changes and Voting Results
A quorum was established with greater than 50% of outstanding shares present. The following matters were voted upon:
- Director Elections: Mark Meller, Joseph P. Macaluso, Stanley Wunderlich, and John Schachtel were elected to one-year terms. All nominees received over 99% of the votes cast.
- Auditor Ratification: The proposal to ratify Friedman LLP as the independent registered public accountant for 2020 was adopted with 97.83% of votes cast.
- Executive Compensation: The non-binding advisory vote to approve executive compensation passed with 80.19% of votes cast.
Guidance, Outlook, and Risks
The filing text does not provide a clear value for future guidance, management outlook, specific risks, contingencies, or unusual items. The report is limited to the historical record of the shareholder meeting.
Investor Verification Checklist
- Verify the one-year term duration for the newly elected directors.
- Confirm the appointment of Friedman LLP for the 2020 audit cycle.
- Review the significant number of broker non-votes (1,057,424) recorded for director elections and the compensation vote.
- Check subsequent filings for the full 2020 financial statements audited by the newly ratified firm.