CareCloud Files Definitive Proxy Statement

TL;DR

CareCloud proxy statement filed. Shareholders vote soon on directors & pay.

AI Summary

CareCloud, Inc. filed its definitive proxy statement (DEF 14A) on December 5, 2024. This filing is related to the company's annual meeting and will outline important corporate governance matters, including the election of directors and executive compensation. Shareholders will vote on proposals presented in this statement.

Why It Matters

This filing provides shareholders with crucial information to make informed voting decisions on company leadership and executive compensation, impacting the company's 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
• 20241205 (date) — Filing Date
• DEF 14A (document_type) — Filing Type
• MTBC, Inc. (company) — Former Company Name
• MEDICAL TRANSCRIPTION BILLING, CORP (company) — Former Company Name

FAQ

Key Financial Figures

• $0.001 — Company’s Common Stock, par value $0.001 (the “Common Stock”) on suc

Filing Documents

• formdef14a.htm (DEF 14A) — 137KB
• proxy_001.jpg (GRAPHIC) — 293KB
• proxy_002.jpg (GRAPHIC) — 315KB
• 0001493152-24-048885.txt ( ) — 975KB

Security Ownership of Certain Beneficial Owners and Management

Security Ownership of Certain Beneficial Owners and Management 4 Matters to Be Acted Upon 5 Delivery of Documents to Security Holders Sharing an Address 6 Shareholder Proposals for 2025 Annual Meeting of Shareholders 6 Annual Report on Form 10-K and Quarterly Report on Form 10-Q 6 Appendix A A-1 iii QUESTIONS AND ANSWERS Q: When and where is the Special Meeting? A: The Company’s Special Meeting of Common Stock Shareholders will be held at 11:00 a.m., Eastern Time, Monday, January 27, 2025, 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 and Quarterly Reports, 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. Q: Who is entitled to vote? A: You are entitled to vote at the Special Meeting if the Company’s records on December 3, 2024 (the “record date”) show that you owned the Company’s Common Stock, par value $0.001 (the “Common Stock”) on such date. As of December 3, 2024, there were 16,256,236 shares of Common Stock outstanding. Q: What will I likely be voting on? A: There are two proposal

BUSINESS

BUSINESS Our Board of Directors does not presently intend to bring any other business before the Special Meeting, and, so far as is known to the Board of Directors, no matters are to be brought before the Special Meeting except as specified in the Notice of Special Meeting of Common Stock Shareholders. We have not been informed by any of our Common Stock shareholders of any intention to propose any other matter to be acted upon at the Special Meeting. The persons named in the accompanying Proxy are allowed to exercise their discretionary authority to vote upon any other business as may properly come before the Special Meeting. As to any such other business that may properly come before the meeting, it is intended that proxies, in the form enclosed, will be voted in respect thereof in accordance with the judgment of the persons voting such proxies. 5 DELIVERY OF DOCUMENTS TO SECURITY HOLDERS SHARING AN ADDRESS Only one Notice of Internet Availability is being delivered to multiple security holders sharing an address unless we receive contrary instructions from one or more of the security holders. We shall deliver promptly, upon written or oral request, a separate copy of the Notice of Internet Availability to a security holder at a shared address to which a single copy of the document was delivered. A security holder can notify us that the security holder wishes to receive a separate copy of the Notice of Internet Availability by sending a written request to us at Investor Relations, CareCloud, Inc., 7 Clyde Road, Somerset, NJ 08873, or by calling us at (732) 873-5133. A security holder may utilize the same address and telephone number to request either separate copies or a single copy for a single address for all future proxy statements, if any, Notices of Internet Availability, and Special reports of the Company. SHAREHOLDER PROPOSALS FOR 2025 ANNUAL MEETING OF SHAREHOLDERS Shareholder proposals intended for inclusion in our proxy statement and form of

financial statements and certain other financial information, which are incorporated by reference herein

financial statements and certain other financial information, which are incorporated by reference herein. A copy of our Annual Report on Form 10-K and our Quarterly Report on Form 10-Q will be mailed without charge to any beneficial owner of our Common Stock, upon written or oral request. Requests for the Annual Report on Form 10-K and/or the Quarterly Report on Form 10-Q should be addressed to: Investor Relations, CareCloud, Inc., 7 Clyde Road, Somerset, NJ 08873 or by telephone at (732) 873-5133, x134; please make your request for a copy on or before January 10, 2025 to facilitate a timely delivery. The Form 10-K and Form 10-Q include certain exhibits. Copies of the exhibits will be provided only upon receipt of payment covering our reasonable expenses for such copies. The Form 10-K and Form 10-Q and exhibits therein may also be obtained from our investor relations website, http://www.viewproxy.com/carecloud/2024sm or directly from the SEC’s website, http://www.sec.gov/edgar.shtml. 6 Appendix A CERTIFICATE OF SECOND AMENDMENT OF AMENDED AND RESTATED CERTIFICATE OF INCORPORATION OF CARECLOUD, INC. CareCloud, Inc., a corporation organized and existing under and by virtue of the General Corporation Law of the State of Delaware does hereby certify: FIRST : That at a meeting of the Board of Directors of CareCloud, Inc., resolutions were duly adopted setting forth a proposed amendment of the Amended and Restated Certificate of Incorporation of said corporation, declaring said amendment to be advisable and calling a meeting of the shareholders of said corporation for consideration thereof. The resolution setting forth the proposed amendment is as follows: RESOLVED , that the Amended and Restated Certificate of Incorporation of this corporation be amended by changing the Article thereof numbered “4.1” so that, as amended said Article shall be and read as follows: 4.1 Classes of Stock . The Corporation is authorized to issue two classe

View Full Filing

View this DEF 14A filing on SEC EDGAR