Glidelogic's Board Seeks Re-election Amidst Concentrated Ownership

TL;DR

**GDLG's board re-election is a rubber stamp for its 75% owner, Star Success Business, LLC, signaling tight control and limited independent investor sway.**

AI Summary

Glidelogic Corp. (GDLG) is holding its 2025 Annual Meeting on September 22, 2025, virtually via Zoom, to elect two directors and ratify its independent auditor. The company reported no cash, equity, or other remuneration for its executive officers or directors for the fiscal year ended January 31, 2025. Star Success Business, LLC (SSB) beneficially owns 75.08% of GDLG's outstanding common stock, totaling 50,000,000 shares, making it a highly concentrated ownership structure. Dapeng Ma and Yitian Xue, who are the sole owners of SSB, indirectly control 25,000,000 shares each and are nominated for re-election to the Board. Audit fees paid to Fruci & Associates increased from $18,530 for FYE January 31, 2024, to $26,114 for FYE January 31, 2025, representing a 41% increase. The company's Annual Report on Form 10-K for the fiscal year ended January 31, 2025, is incorporated by reference, but specific revenue and net income figures are not detailed in this DEF 14A filing. The strategic outlook focuses on maintaining current leadership and auditor, with no new business initiatives or significant risks beyond the concentrated ownership explicitly mentioned.

Why It Matters

This DEF 14A highlights Glidelogic's highly concentrated ownership, with Star Success Business, LLC controlling 75.08% of shares, directly impacting investor influence and corporate governance. The re-election of Dapeng Ma and Yitian Xue, who are also the sole owners of SSB, solidifies their control over the company's strategic direction and operations. For employees and customers, this stable, albeit concentrated, leadership could imply consistent strategic vision, but also raises questions about independent oversight. In a competitive landscape, such a structure might allow for swift decision-making but could also limit diverse perspectives, potentially affecting long-term innovation and market responsiveness.

Risk Assessment

Risk Level: medium — The risk level is medium due to the highly concentrated ownership structure, with Star Success Business, LLC (SSB) beneficially owning 75.08% of Glidelogic Corp.'s common stock. This means that Dapeng Ma and Yitian Xue, as the sole owners of SSB, effectively control the company, limiting the influence of other stockholders. The lack of executive compensation for FYE January 31, 2025, also raises questions about the company's operational activity and growth incentives.

Analyst Insight

Investors should scrutinize Glidelogic's future 10-K filings for detailed financial performance, especially given the lack of executive compensation and the concentrated ownership. Consider the implications of a board largely controlled by a single entity on long-term growth and minority shareholder rights before making any investment decisions.

Executive Compensation

Key Numbers

• 75.08% — Percentage of Class (Star Success Business, LLC's beneficial ownership of GDLG common stock)
• 50,000,000 — Shares Beneficially Owned (Total shares owned by Star Success Business, LLC)
• 66,599,350 — Shares Outstanding (Total common stock outstanding as of September 1, 2025 Record Date)
• $26,114 — Audit Fees (Billed by Fruci & Associates for FYE January 31, 2025)
• $18,530 — Audit Fees (Billed by Fruci & Associates for FYE January 31, 2024)
• 41% — Increase in Audit Fees (From FYE 2024 to FYE 2025)
• 2 — Number of Directors (Nominated for re-election)
• 0 — Executive Compensation (Cash, equity, or other remuneration for FYE January 31, 2025)
• 2025-09-22 — Annual Meeting Date (Date of Glidelogic Corp.'s 2025 Annual Meeting of Stockholders)
• 2025-09-01 — Record Date (Date for determining stockholders entitled to vote at the Annual Meeting)

Key Players & Entities

• Glidelogic Corp. (company) — Registrant
• Yitian Xue (person) — Chief Executive Officer & Corporate Secretary, Director, Co-owner of Star Success Business, LLC
• Dapeng Ma (person) — President & Chairman of the Board, Director, Co-owner of Star Success Business, LLC
• Star Success Business, LLC (company) — Beneficial owner of 75.08% of common stock
• Fruci & Associates (company) — Independent registered public accounting firm
• Propaganda GEM Inc. (company) — U.S. entertainment marketing company where Mr. Ma serves as COO
• Tancal Technology, Inc. (company) — FinTech company founded by Mr. Xue in 2013
• Streamline USA Inc. (company) — Creative and marketing agency co-founded by Mr. Xue in 2019
• SEC (regulator) — Securities and Exchange Commission
• Ruben Igielko-Herrlich (person) — Founder of Propaganda GEM Inc., collaborated with Mr. Ma

FAQ

Risk Factors

• Concentrated Ownership [high — ownership]: Star Success Business, LLC (SSB) beneficially owns 75.08% of GDLG's outstanding common stock (50,000,000 shares). SSB is solely owned by Dapeng Ma and Yitian Xue, who are nominated for re-election to the Board. This high concentration of ownership could limit independent decision-making and potentially create conflicts of interest.

Industry Context

Glidelogic Corp. operates in a landscape where concentrated ownership is a significant factor, potentially influencing strategic direction and governance. The company's focus appears to be on maintaining its current operational and leadership structure rather than pursuing new market initiatives.

Regulatory Implications

The primary regulatory consideration is compliance with SEC filing requirements for proxy statements and annual reports. The concentrated ownership structure, while not inherently a regulatory issue, necessitates transparency regarding control and potential conflicts of interest.

What Investors Should Do

1. Review the incorporated 10-K for detailed financial performance for FYE January 31, 2025, as the DEF 14A does not provide revenue or net income figures.
2. Evaluate the implications of the 75.08% ownership by Star Success Business, LLC, and its owners Dapeng Ma and Yitian Xue, on corporate governance and future strategic decisions.
3. Consider the 41% increase in audit fees paid to Fruci & Associates, from $18,530 to $26,114, when assessing auditor engagement and costs.

Key Dates

• 2025-01-31: Fiscal Year End — Marks the end of the reporting period for which financial information is provided in the incorporated 10-K.
• 2025-09-01: Record Date — Determines which stockholders are entitled to vote at the Annual Meeting.
• 2025-09-22: Annual Meeting of Stockholders — Key date for voting on director elections and auditor ratification.

Glossary

DEF 14A

A proxy statement filed with the SEC by publicly traded companies soliciting shareholder votes for an upcoming meeting. (This document outlines the agenda and proposals for Glidelogic Corp.'s 2025 Annual Meeting.)

Beneficial Ownership

The actual power to use or dispose of a security, or the right to direct its acquisition or disposition. (Crucial for understanding control and voting power, as demonstrated by Star Success Business, LLC's 75.08% stake.)

Ratification of Independent Auditor

A shareholder vote to approve the company's choice of an independent accounting firm to audit its financial statements. (This is one of the two proposals being voted on at the Annual Meeting.)

Incorporated by Reference

A document that is officially made part of another document by referring to it, such as the 10-K being part of the DEF 14A. (Indicates that the full financial details for FYE January 31, 2025, are available in the company's Annual Report on Form 10-K.)

Year-Over-Year Comparison

The DEF 14A for the 2025 Annual Meeting highlights a significant increase in audit fees paid to Fruci & Associates, rising by 41% from $18,530 in FYE 2024 to $26,114 in FYE 2025. Notably, executive compensation remains at $0 for both fiscal years, consistent with the previous reporting period. The ownership structure remains highly concentrated, with Star Success Business, LLC continuing to hold 75.08% of the outstanding shares.

Key Financial Figures

• $18,530 — ns. Audit Fees FYE January 31, 2024: $18,530 FYE January 31, 2025: $26,114 7 Th
• $26,114 — , 2024: $18,530 FYE January 31, 2025: $26,114 7 These amounts represent fees bille

Filing Documents

• gdlg_def14a.htm (DEF 14A) — 35KB
• 0001096906-25-001504.txt ( ) — 36KB

SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT

SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT The following table sets forth information with respect to the beneficial ownership of the Company's common stock as of September 1, 2025, by (i) each person known by the Company to own beneficially more than 5% of the Company's outstanding common stock, (ii) each of the Company's directors and executive officers, and (iii) all directors and executive officers as a group. Beneficial Owner Shares Beneficially Owned % of Class Star Success Business, LLC (SSB) 50,000,000 75.08% Mr. Dapeng Ma (indirect ownership through SSB) 25,000,000 — Mr. Yitian Xue (indirect ownership through SSB) 25,000,000 — All directors & officers as a group (2 persons) 50,000,000 75.08% Other stockholders (none individually >5%) 16,599,350 24.92% Note: Mr. Ma and Mr. Xue are the sole owners of SSB and thus indirectly beneficially own 25,000,000 shares each. Other than as set forth above, the Company is not aware of any related stockholder matters requiring disclosure. 6 PROPOSAL 1 — ELECTION OF DIRECTORS The Board of Directors has nominated two individuals, both of whom are current directors, to be re-elected to serve until the next Annual Meeting of Stockholders or until their successors are duly elected and qualified. Nominees Dapeng Ma, age 46 Mr. Ma has served as President and Chairman of the Board since May 23, 2023, when Star Success Business LLC acquired control of the Company. He received his Bachelor of Arts degree from Tianjin University of Technology. Mr. Ma is the co-founder, board director, and Chief Operating Officer of Movie & Fashion Media (Beijing) Co., Ltd., an entity under the China Movie Media Group. He also serves as COO at Propaganda GEM Inc., a well-recognized U.S. entertainment marketing company. Since 2018, Mr. Ma has collaborated with Propaganda GEM founder Ruben Igielko-Herrlich on numerous Hollywood entertainment marketing projects involving studios such as Marvel, Disne

EXECUTIVE COMPENSATION

EXECUTIVE COMPENSATION For the fiscal year ended January 31, 2025, no executive officer or director of the Company received any cash compensation, equity compensation, or other remuneration. Accordingly, no Summary Compensation Table is provided. INCORPORATION OF ANNUAL REPORT The Company's Annual Report on Form 10-K for the fiscal year ended January 31, 2025 accompanies this Proxy Statement and is incorporated herein by reference. Additional copies are available upon request or may be accessed on the SEC's website at www.sec.gov. OTHER MATTERS The Board of Directors knows of no other matters to be presented at the Annual Meeting. PROXY CARD (Sample) Proposal Board Recommendation For Against/Abstain 1. Election of Directors (Ma & Xue) FOR 2. Ratification of Fruci & Associates FOR 8

View Full Filing

View this DEF 14A filing on SEC EDGAR