Business Context and Reporting Period
This Form 8-K is a current report filed by Lendway, Inc. (not Bloomia Holdings, Inc.) on November 19, 2025. The filing documents corporate governance actions taken at the Company's 2025 Annual Meeting of Stockholders held on the same date. The Company is incorporated in Delaware and trades on The Nasdaq Stock Market LLC under the symbol LDWY.
Key Financial Metrics
This filing is a corporate event report and does not contain financial performance data. There is no information provided regarding revenue, profit, cash flow, margins, debt, or liquidity in this document.
Material Changes and Corporate Actions
- Authorized Share Increase: The Company amended its Certificate of Incorporation to increase authorized common stock from 5,714,285 shares to 10,000,000 shares. This amendment became effective immediately upon filing.
- Director Elections: All six nominees were elected to the Board of Directors for a one-year term. Notably, Nicholas J. Swenson received a significant number of "Withheld" votes (122,262) compared to other nominees.
- Executive Compensation: The advisory vote on executive compensation received approval with 670,439 votes "For" and 7,726 "Against."
- Auditor Ratification: Stockholders approved the ratification of Boulay PLLP as the independent registered public accounting firm for the fiscal year ending June 30, 2026.
Guidance, Outlook, and Risks
The filing contains no management commentary, financial guidance, or outlook for future periods. No specific risks or contingencies are disclosed in this report, other than the standard reference to the full text of the Certificate of Amendment for complete details.
Investor Verification Checklist
- Verify the exact number of shares issued versus the new authorized limit of 10,000,000 to assess potential dilution.
- Review the definitive proxy statement (filed October 6, 2025) for details on the rationale behind the share increase and the specific compensation metrics approved.
- Investigate the high number of "Withheld" votes for director nominee Nicholas J. Swenson to understand shareholder sentiment.
- Confirm the Company's fiscal year-end is June 30, 2026, as indicated by the auditor ratification proposal.