Business Context and Reporting Period
This Form 8-K filing by Chicago Atlantic Real Estate Finance, Inc. (REFI) reports on the Annual Meeting of Shareholders held on June 13, 2024. The company is incorporated in Maryland and trades on the Nasdaq Global Market.
Key Financial Metrics
This filing is a current report regarding corporate governance events and does not contain financial statements. Consequently, data regarding revenue, profit, cash flow, margins, debt, and liquidity are not provided in this document.
Material Changes
No material financial changes are reported in this filing. The document details the outcomes of shareholder votes on corporate governance matters.
Outlook, Risks, and Management Commentary
The filing contains no management commentary on future outlook, risks, or contingencies. It strictly documents the ratification of the independent auditor and the election of the board of directors.
Key Facts for Investor Verification
- Board Election Results: Shareholders elected nine directors. Notably, directors Jason Papastavrou, Donald E. Gulbrandsen, and Michael L. Steiner received significant "Votes Withheld" (approximately 4.1M, 2.8M, and 2.8M respectively) compared to other nominees who received fewer than 600k withheld votes.
- Auditor Ratification: Shareholders ratified the appointment of BDO USA, P.C. as the independent registered public accounting firm for the fiscal year ending December 31, 2024, with 14,991,979 votes For and 16,066 votes Against.
- Broker Non-Votes: There were 6,082,320 broker non-votes recorded for each director election, indicating a significant portion of shares held in street name where brokers did not have discretionary voting authority.
- Next Meeting: The newly elected directors will serve until the 2025 annual meeting of shareholders.