Business Context and Reporting Period
This Form 8-K reports on the 2018 Annual Meeting of Stockholders held by SilverSun Technologies, Inc. on December 14, 2018. The filing details the voting results for the election of directors and the ratification of the independent registered public accountant.
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 outcomes.
Material Changes and Voting Results
A quorum was established with greater than 89% of common stock and 100% of Series B Preferred Stock present. The following matters were approved:
- Election of Directors: Mark Meller, Joseph P. Macaluso, Stanley Wunderlich, and John Schachtel were elected to one-year terms. Each nominee received approximately 56.89% to 57.05% of the common stock votes cast and 100% of the Series B Preferred Stock votes.
- Ratification of Auditors: The proposal to ratify Friedman LLP as the independent registered public accountant for 2018 was adopted with 88.06% of common stock votes and 100% of Series B Preferred Stock votes.
Guidance, Outlook, and Risks
The filing text does not provide a clear value for guidance, outlook, management commentary, risks, contingencies, or unusual items.
Investor Verification Checklist
- Verify the one-year term duration for the newly elected directors.
- Confirm the voting power conversion rate (1 Series B Preferred Stock = 4,684,453 common stock votes).
- Review the full proxy statement for details on the abstention rates and specific reasons for withheld votes.
- Check subsequent filings for the appointment of the new audit committee members, if applicable.