Business Context and Reporting Period
This Form 8-K Current Report was filed by Pacific DataVision, Inc. (now pdvWireless, Inc.) on November 5, 2015, regarding events occurring on November 4, 2015. The report details the results of the Company's 2015 Annual Meeting of Stockholders and the formalization of a corporate name change.
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 and structural changes rather than financial performance.
Material Changes
- Corporate Name Change: The Company's name was officially changed from "Pacific DataVision, Inc." to "pdvWireless, Inc." following stockholder approval and filing with the Delaware Secretary of State on November 4, 2015.
- Stock Identification: A new CUSIP number was assigned to the Company's common stock shortly after the name change filing.
- Board Composition: Seven directors were elected to serve until the 2016 Annual Meeting: Brian D. McAuley, Morgan E. O'Brien, John C. Pescatore, T. Clark Akers, Andrew Daskalakis, Peter G. Schiff, and John C. Sites.
Guidance, Outlook, and Management Commentary
The filing contains no financial guidance, outlook, or management commentary regarding future business operations. The primary focus is the ratification of PKF O'Connor Davies as the independent registered public accounting firm for the fiscal year ending March 31, 2016.
Investor Verification Checklist
- Verify the new CUSIP number for pdvWireless, Inc. common stock to ensure proper trading and settlement.
- Confirm the updated corporate name "pdvWireless, Inc." in all future filings and trading platforms.
- Review the definitive proxy statement filed on October 2, 2015, for detailed background on the director nominees and auditor ratification.
- Note that 82.30% of outstanding shares (11,762,254 shares) were represented at the Annual Meeting, establishing a quorum.