CareCloud Files Definitive Proxy Statement

TL;DR

CareCloud (MTBC) filed its proxy statement - shareholders vote soon.

AI Summary

CareCloud, Inc. filed its definitive proxy statement (DEF 14A) on July 8, 2024. This filing is related to the company's annual meeting and provides information to shareholders regarding voting matters. The company, formerly known as MTBC, Inc., is headquartered in Somerset, NJ.

Why It Matters

This filing is crucial for shareholders as it outlines the proposals to be voted on at the company's annual meeting, impacting corporate governance and strategic direction.

Risk Assessment

Risk Level: low — This is a routine regulatory filing (DEF 14A) and does not contain new material financial information or strategic changes.

Key Players & Entities

• CareCloud, Inc. (company) — Registrant
• MTBC, Inc. (company) — Former company name
• MEDICAL TRANSCRIPTION BILLING, CORP (company) — Former company name
• 0001582982 (company) — Central Index Key
• 20240708 (date) — Filing date

FAQ

Key Financial Figures

• $70,000 — ill pay Alliance a fee of approximately $70,000 and reimburse it for certain expenses.
• $25.00 — the Company, which currently amounts to $25.00 per preferred share plus accumulated an
• $1.83 — d dividends (which currently amounts to $1.83 per preferred share). 4 As noted ab

Filing Documents

• formdef14a.htm (DEF 14A) — 316KB
• formdef14a_001.jpg (GRAPHIC) — 306KB
• 0001493152-24-026479.txt ( ) — 739KB

From the Filing

DEF 14A 1 formdef14a.htm UNITED SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 SCHEDULE 14A Proxy Exchange Act of 1934 Filed by the Registrant Filed by a party other than the Registrant Check the appropriate box: Preliminary Proxy Statement Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2)) Definitive Proxy Statement Definitive Additional Materials Soliciting Material under § 240.14a-12 CareCloud, Inc. (Name of Registrant as Specified In Its Charter) (Name of Person(s) Filing Proxy Statement, if other than the Registrant) Payment of Filing Fee (Check all boxes that apply): No fee required. Fee paid previously with preliminary materials. Fee computed on table in exhibit required by Item 25(b) per Exchange Act Rules 14a-6(i)(1) and 0-11. CareCloud, Inc. 7 Clyde Road Somerset, NJ 08873 Notice Of Special Meeting Of Series A Preferred Shareholders To Be Held August 23, 2024 July 10, 2024 To our Series A Preferred Shareholders: We will hold a Special Meeting of Series A Preferred Shareholders (the “Special Meeting”) of CareCloud, Inc., a Delaware corporation, on Friday, August 23, 2024, at 11:00 a.m., Eastern Time at our principal executive offices at 7 Clyde Road, Somerset, NJ 08873. At the Special Meeting, Series A Preferred Shareholders will be asked to: 1. Approve an amendment to our Certificate of Designations, Preferences and Rights of 11% Series A Cumulative Redeemable Preferred Stock (the “Preferred Stock Certificate”), in the form set forth in Appendix A to the attached proxy statement (the “Amendment”); and 2. Approve one or more adjournments of the Special Meeting, if necessary or appropriate, to solicit additional proxies if there are insufficient votes at the time of the Special Meeting to approve the Preferred Stock Proposal. As a holder of Series A Preferred Stock, you will be entitled to vote on proposals 1 and 2 above. A proxy statement describing the matters to be considered at the Special Meeting to which you will be entitled to vote is attached to this notice. The proxy materials will be first sent or given to shareholders on or about July 10, 2024. Our Board of Directors has established the close of business on July 5, 2024, as the record date for determining the Series A Preferred Shareholders entitled to notice of and to vote at the Special Meeting, and any adjournment or postponement thereof. A list of Series A Preferred Shareholders of record will be available for inspection at our Special Meeting, and during normal business hours at least ten days prior thereto, at our corporate office located at 7 Clyde Road, Somerset, NJ 08873. Beneficial other nominee describing how to vote your shares. Your vote is important. Whether you plan to attend the Special Meeting in person or not, we hope you will vote your shares as soon as possible. Please mark, sign, date, and return the accompanying card in the provided postage-paid envelope or instruct us via the Internet as to how you would like your shares voted. Instructions are on the proxy card. This will ensure representation of your shares if you are unable to attend. Sincerely, /s/ Norman S. Roth Norman S. Roth Interim Chief Financial Officer and Assistant Corporate Secretary IMPORTANT NOTICE REGARDING THE AVAILABILITY OF PROXY MATERIALS FOR THE SERIES A PREFERRED SHAREHOLDER MEETING TO BE HELD ON AUGUST 23, 2024. The Notice of the Special Meeting of Series A Preferred Shareholders and our Proxy Statement for the Special Meeting, the Annual Report on Form 10-K for the fiscal year ended December 31, 2023, the Quarterly Report on Form 10-Q for the quarterly period ended March 31, 2024 and explanatory materials are available at http://www.viewproxy.com/carecloud/2024sm . i NOTICE OF SPECIAL MEETING OF SERIES A PREFERRED SHAREHOLDERS TO BE HELD ON AUGUST 23, 2024 TIME 11:00 a.m., Eastern Time, on Friday, August 23, 2024 PURPOSE This proxy statement is furnished in connection with the solicitation by the Board of Directors (the “Board”) of CareCloud, Inc., a Delaware corporation (the “Company”), of proxies from the holders of record of our 11% Series A Cumulative Redeemable Perpetual Preferred Stock, $.001 par value per share (the “Series A Preferred Stock”), at the close of business on July 5, 2024, for use in voting at the Special Meeting of Series A Preferred Shareholders (the “Special Meeting”) to be held on Friday, August 23, 2024 at 11:00 a.m., Eastern Time. Properly executed proxies will be voted as directed. If no direction is indicated therein, proxies received in response to this solicitation will be voted FOR: (1) approve an amendment to the Company’s Certificate of Designations, Preferences and Rights of 11% Series A Cumulative Redeemable Perpetual Preferred Stock (the “Preferred Stock Certificate&

View Full Filing

View this DEF 14A filing on SEC EDGAR