CareCloud, Inc. Announces Annual Meeting of Shareholders on June 17, 2024

TL;DR

<b>CareCloud, Inc. is holding its Annual Shareholder Meeting on June 17, 2024, to elect directors and vote on executive compensation.</b>

AI Summary

CareCloud, Inc. (CCLDO) filed a Proxy Statement (DEF 14A) with the SEC on April 19, 2024. CareCloud, Inc. will hold its Annual Meeting of Shareholders on June 17, 2024, at 11:00 a.m. ET. The meeting will take place at the company's principal executive offices located at 7 Clyde Road, Somerset, NJ 08873. Shareholders will vote on the election of four nominees to the Board of Directors: A. Hadi Chaudhry, John Daly, Mahmud Haq, and Cameron Munter. A key proposal is the advisory vote to approve the compensation of the Company's named executive officers. Proxy materials will be sent to shareholders on or about May 3, 2024.

Why It Matters

For investors and stakeholders tracking CareCloud, Inc., this filing contains several important signals. The election of directors and the advisory vote on executive compensation are critical decisions for shareholders to influence the company's governance and leadership. Shareholder participation through voting is essential to ensure representation and provide input on the company's strategic direction and executive remuneration.

Risk Assessment

Risk Level: low — CareCloud, Inc. shows low risk based on this filing. The filing is a routine proxy statement for an annual shareholder meeting, with no immediate financial or operational risks indicated.

Analyst Insight

Shareholders should review the director nominees and executive compensation proposals carefully before casting their votes.

Key Numbers

• June 17, 2024 — Annual Meeting Date (Date of the Annual Meeting of Shareholders)
• 11:00 a.m. ET — Annual Meeting Time (Time of the Annual Meeting of Shareholders)
• May 3, 2024 — Proxy Material Distribution Date (Date proxy materials will be first sent or given to shareholders)

Key Players & Entities

• CareCloud, Inc. (company) — Name of Registrant
• Norman Roth (person) — Interim Chief Financial Officer and Assistant Corporate Secretary
• A. Hadi Chaudhry (person) — Nominee for Board of Directors
• John Daly (person) — Nominee for Board of Directors
• Mahmud Haq (person) — Nominee for Board of Directors
• Cameron Munter (person) — Nominee for Board of Directors
• 7 Clyde Road, Somerset, NJ 08873 (location) — Principal executive offices

FAQ

Industry Context

CareCloud, Inc. operates in the software and services sector, providing cloud-based solutions for healthcare organizations.

Regulatory Implications

The filing is a proxy statement (DEF 14A) filed under the Securities Exchange Act of 1934, detailing corporate governance matters for shareholders.

What Investors Should Do

1. Review the biographies and qualifications of the director nominees.
2. Understand the details of the executive compensation plan being presented for advisory approval.
3. Vote your shares by the deadline to ensure your voice is heard on key corporate matters.

Key Dates

• 2024-06-17: Annual Meeting of Shareholders — Election of directors and advisory vote on executive compensation.
• 2024-05-03: Distribution of Proxy Materials — Shareholders will receive proxy materials for the annual meeting.

Year-Over-Year Comparison

This filing is a definitive proxy statement (DEF 14A) for the 2024 Annual Meeting of Shareholders, outlining proposals for director elections and executive compensation.

Key Financial Figures

• $0.001 — Company&rsquo;s common stock, par value $0.001 (the &ldquo;Common Stock&rdquo;) on suc

Filing Documents

• formdef14a.htm (DEF 14A) — 432KB
• formdef14a_002.jpg (GRAPHIC) — 47KB
• formdef14a_001.jpg (GRAPHIC) — 1KB
• 0001493152-24-015349.txt (&nbsp;) — 500KB

Security Ownership of Certain Beneficial Owners and Management

Security Ownership of Certain Beneficial Owners and Management 4 Corporate Governance 5 Related Person Transaction Policy 9 Board of Directors, Committees and Subcommittees of the Board 10 Director Compensation Table 13 Pay Versus Performance 14 Report of the Audit Committee 20 Relationship with Independent Registered Public Accounting Firm 21 Matters to Be Acted Upon 23 iii QUESTIONS AND ANSWERS Q: When and where is the Annual Meeting? A: The Company&rsquo;s Annual Meeting of Shareholders will be held at 11:00 a.m., Eastern Time, Monday, June 17, 2024, at our principal executive offices at 7 Clyde Road, Somerset, NJ 08873. Q: Why did I receive a notice in the mail regarding the Internet availability of proxy materials instead of a full set of proxy materials? A: In accordance with rules adopted by the SEC, we may furnish proxy materials, including this proxy statement and our Annual Report, to our shareholders by providing access to such documents on the Internet instead of mailing printed copies. Most shareholders will not receive printed copies of the proxy materials unless they request them. Instead, the Notice of Internet Availability of Proxy Materials, which was mailed to most of our shareholders, will instruct you as to how you may access and review all of the proxy materials on the Internet. The Notice of Internet Availability also instructs you as to how you may submit your proxy on the Internet. If you would like to receive a paper or email copy of our proxy materials, you should follow the instructions for requesting such materials in the Notice of Internet Availability. Q: Who is entitled to vote? A: You are entitled to vote at the Annual Meeting if the Company&rsquo;s records on April 18, 2024 (the &ldquo;record date&rdquo;) show that you owned the Company&rsquo;s common stock, par value $0.001 (the &ldquo;Common Stock&rdquo;) on such date. As of April 18, 2024, there were 16,118,492 shares of Common Stock outst

View Full Filing

View this DEF 14A filing on SEC EDGAR