Business Context and Reporting Period
This Form 8-K is a current report filed by GP Investments Acquisition Corp. (not Rimini Street, Inc., as indicated in the metadata) on December 29, 2016. The filing details the results of the Company's 2016 Annual Meeting of Shareholders held on the same date. The Company is a Cayman Islands corporation incorporated as a special purpose acquisition company.
Key Financial Metrics
The filing text does not provide specific financial metrics such as revenue, profit, cash flow, margins, debt, or liquidity. This report focuses exclusively on corporate governance and shareholder voting outcomes.
Material Changes and Voting Results
The filing reports the following material corporate actions approved by shareholders:
- Shareholder Participation: Holders of 19,335,813 ordinary shares (89.7% of voting power) were present in person or by proxy, constituting a quorum.
- Election of Director: Shareholders elected Fernando d'Ornellas Silva as the Class A Director to serve until the 2019 annual meeting.
- For: 15,243,091
- Against: 2,419,600
- Abstain: 0
- Ratification of Auditor: Shareholders ratified the selection of Marcum LLP as the independent registered public accounting firm for the year ending December 31, 2016.
- For: 19,335,813
- Against: 0
- Abstain: 0
Guidance, Outlook, and Risks
The Company expects to hold its 2017 annual meeting of shareholders by December 31, 2017. The filing does not contain management commentary on business outlook, specific risks, contingencies, or unusual items beyond the standard disclosure of voting results.
Important Facts for Investor Verification
- Verify the registrant name: The filing is for GP Investments Acquisition Corp., not Rimini Street, Inc.
- Confirm the election of Fernando d'Ornellas Silva as Class A Director.
- Note the unanimous ratification of Marcum LLP as the independent auditor.
- Check the definitive proxy statement filed on December 5, 2016, for detailed background on the proposals.