Intellinetics, Inc. Announces 2024 Annual Meeting of Stockholders on June 20, 2024
Ticker: INLX · Form: DEF 14A · Filed: Apr 29, 2024 · CIK: 1081745
| Field | Detail |
|---|---|
| Company | Intellinetics, Inc. (INLX) |
| Form Type | DEF 14A |
| Filed Date | Apr 29, 2024 |
| Risk Level | low |
| Pages | 16 |
| Reading Time | 19 min |
| Key Dollar Amounts | $3,500 |
| Sentiment | neutral |
Sentiment: neutral
Topics: Annual Meeting, Proxy Statement, Equity Incentive Plan, Director Election, Independent Auditor
TL;DR
<b>Intellinetics, Inc. will hold its 2024 Annual Meeting of Stockholders on June 20, 2024, to elect directors, approve an equity incentive plan, and ratify auditor appointment.</b>
AI Summary
INTELLINETICS, INC. (INLX) filed a Proxy Statement (DEF 14A) with the SEC on April 29, 2024. The 2024 Annual Meeting of Stockholders for Intellinetics, Inc. will be held on June 20, 2024. The meeting will take place at 2190 Dividend Drive, Columbus, Ohio 43228. Key agenda items include the election of seven directors, adoption of the 2024 Equity Incentive Plan, and ratification of GBQ Partners LLC as the independent auditor. The company is providing proxy materials primarily over the internet using "Notice and Access" rules. The meeting will address the election of directors for a one-year term.
Why It Matters
For investors and stakeholders tracking INTELLINETICS, INC., this filing contains several important signals. Stockholders will vote on the adoption of the Intellinetics, Inc. 2024 Equity Incentive Plan, which could impact future executive compensation and employee incentives. The ratification of GBQ Partners LLC as the independent auditor is crucial for financial transparency and regulatory compliance.
Risk Assessment
Risk Level: low — INTELLINETICS, INC. shows low risk based on this filing. The filing is a routine proxy statement for an annual meeting, with no immediate financial or operational concerns highlighted.
Analyst Insight
Stockholders should review the proposed 2024 Equity Incentive Plan and director nominations before the June 20, 2024 meeting.
Key Numbers
- 7 — Directors to be elected (To hold office for a term of one year)
- 2024 — Equity Incentive Plan Year (Name of the proposed plan)
- 2024 — Fiscal Year for Auditor (Fiscal year for which GBQ Partners LLC is proposed as auditor)
- June 20, 2024 — Annual Meeting Date (Date of the 2024 Annual Meeting of Stockholders)
Key Players & Entities
- INTELLINETICS, INC. (company) — Registrant name
- June 20, 2024 (date) — Date of Annual Meeting
- 2190 Dividend Drive, Columbus, Ohio 43228 (location) — Meeting location
- GBQ Partners LLC (company) — Independent registered public accounting firm
- Intellinetics, Inc. 2024 Equity Incentive Plan (plan) — Proposed equity plan
FAQ
When did INTELLINETICS, INC. file this DEF 14A?
INTELLINETICS, INC. filed this Proxy Statement (DEF 14A) with the SEC on April 29, 2024.
What is a DEF 14A filing?
A DEF 14A is a definitive proxy statement sent to shareholders before annual meetings, covering executive compensation, board nominations, and shareholder votes. This particular DEF 14A was filed by INTELLINETICS, INC. (INLX).
Where can I read the original DEF 14A filing from INTELLINETICS, INC.?
You can access the original filing directly on the SEC's EDGAR system. The filing is publicly available and includes all exhibits and attachments submitted by INTELLINETICS, INC..
What are the key takeaways from INTELLINETICS, INC.'s DEF 14A?
INTELLINETICS, INC. filed this DEF 14A on April 29, 2024. Key takeaways: The 2024 Annual Meeting of Stockholders for Intellinetics, Inc. will be held on June 20, 2024.. The meeting will take place at 2190 Dividend Drive, Columbus, Ohio 43228.. Key agenda items include the election of seven directors, adoption of the 2024 Equity Incentive Plan, and ratification of GBQ Partners LLC as the independent auditor..
Is INTELLINETICS, INC. a risky investment based on this filing?
Based on this DEF 14A, INTELLINETICS, INC. presents a relatively low-risk profile. The filing is a routine proxy statement for an annual meeting, with no immediate financial or operational concerns highlighted.
What should investors do after reading INTELLINETICS, INC.'s DEF 14A?
Stockholders should review the proposed 2024 Equity Incentive Plan and director nominations before the June 20, 2024 meeting. The overall sentiment from this filing is neutral.
How does INTELLINETICS, INC. compare to its industry peers?
Intellinetics, Inc. operates in the software services industry, focusing on prepackaged software.
Are there regulatory concerns for INTELLINETICS, INC.?
The filing is made under Section 14(a) of the Securities Exchange Act of 1934, governing proxy solicitations.
Industry Context
Intellinetics, Inc. operates in the software services industry, focusing on prepackaged software.
Regulatory Implications
The filing is made under Section 14(a) of the Securities Exchange Act of 1934, governing proxy solicitations.
What Investors Should Do
- Review the slate of director nominees and their qualifications.
- Understand the terms and implications of the proposed 2024 Equity Incentive Plan.
- Confirm the appointment of GBQ Partners LLC as the independent auditor for fiscal year 2024.
Key Dates
- 2024-06-20: 2024 Annual Meeting of Stockholders — Election of directors, approval of equity plan, ratification of auditor.
Year-Over-Year Comparison
This is a definitive proxy statement (DEF 14A) filed for the 2024 Annual Meeting of Stockholders.
Filing Stats: 4,815 words · 19 min read · ~16 pages · Grade level 13.5 · Accepted 2024-04-29 16:00:30
Key Financial Figures
- $3,500 — proxies for an estimated fee of between $3,500 and 10,000, plus customary costs and ex
Filing Documents
- formdef14a.htm (DEF 14A) — 796KB
- formdef14a_001.jpg (GRAPHIC) — 18KB
- formdef14a_002.jpg (GRAPHIC) — 17KB
- formdef14a_003.jpg (GRAPHIC) — 18KB
- proxycard_001.jpg (GRAPHIC) — 160KB
- proxycard_002.jpg (GRAPHIC) — 243KB
- 0001493152-24-016942.txt ( ) — 1427KB
From the Filing
DEF 14A 1 formdef14a.htm U.S. Securities and Exchange Commission Washington, D.C. 20549 SCHEDULE 14A INFORMATION Proxy Securities 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 Pursuant to Rule 14a-12 INTELLINETICS, 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 the appropriate box): No fee required. Fee computed on table below per Exchange Act Rules 14a-6(i)(1) and 0-11. 1) Title of each class of securities to which transaction applies: 2) Aggregate number of securities to which transaction applies: 3) Per unit price or other underlying value of transaction computed pursuant to Exchange Act Rule 0-11 (Set forth the amount on which the filing fee is calculated and state how it was determined): 4) Proposed maximum aggregate value of transaction: 5) Total fee paid: Fee paid previously with preliminary materials. Check box if any part of the fee is offset as provided by Exchange Act Rule 0-11(a)(2) and identify the filing for which the offsetting fee was paid previously. Identify the previous filing by registration statement number, or the Form or Schedule and the date of its filing. 1) Amount Previously Paid: 2) Form, Schedule or Registration Statement No.: 3) Filing Party: 4) Date Filed: Intellinetics, Inc. 2190 Dividend Dr. Columbus, Ohio 43228 NOTICE OF 2024 ANNUAL MEETING OF STOCKHOLDERS To Be Held On June 20, 2024 To Our Stockholders: Notice is hereby given that the 2024 Annual Meeting of Stockholders of Intellinetics, Inc. , (the “Company” or “Intellinetics”) will be held at 2190 Dividend Drive, Columbus, Ohio 43228 on June 20, 2024, at 3:00 p.m., local time, for the following purposes: 1 To elect seven directors, each to hold office for a term of one year and until his or her successor is duly elected and qualified; 2 To adopt and approve the Intellinetics, Inc. 2024 Equity Incentive Plan (the “2024 Plan”); 3 To ratify the appointment of GBQ Partners LLC (“GBQ”) as our independent registered public accounting firm for the fiscal year ending December 31, 2024; and 4 To transact such other business as may properly come before the Annual Meeting or any adjournments or postponements of the Annual Meeting. These items of business are more fully described in the proxy statement accompanying this notice. We have elected to provide access to our proxy materials primarily over the internet, pursuant to the Securities and Exchange Commission’s “Notice and Access” rules. We believe this process expedites stockholders’ receipt of proxy materials, while lowering the costs of our Annual Meeting and conserving natural resources. Beginning on or about May 3, 2024, we mailed a Notice of Internet Availability of Proxy Materials (the “Notice”) to each of our stockholders entitled to notice of, and to vote at, the Annual Meeting, which contains instructions for accessing the attached proxy statement, our Annual Report on Form 10-K for the fiscal year ended December 31, 2023, and voting instructions. The Notice also includes instructions on how you can receive a paper copy of your proxy materials. This proxy statement and the Annual Report are both available online at: https://www.iproxydirect.com/INLX . The Board of Directors has fixed the close of business on April 26, 2024 as the record date for determining the stockholders who are entitled to notice of and to vote at the Annual Meeting and at any adjournments or postponements of the Annual Meeting. By Order of the Board of Directors, James F. DeSocio President and Chief Executive Officer Columbus, Ohio April 29, 2024 YOUR VOTE IS IMPORTANT Whether or not you plan to attend the Annual Meeting, you are urged to submit your proxy or voting instructions as soon as possible so that your shares can be voted at the Annual Meeting. You may vote your shares by Internet, phone or email or by completing, signing, dating and returning your proxy card. For further instructions on how to vote your shares, please refer to the section entitled “Questions and Answers About the Annual Meeting” in the proxy statement and the instructions on the proxy card or voting instruction form. IMPORTANT NOTICE REGARDING THE AVAILABILITY OF PROXY MATERIALS FOR THE ANNUAL MEETING OF STOCKHOLDERS TO BE HELD ON June 20, 2024: The proxy statement and our 2023 Annual Report on Form 10-K for the fiscal year ended December 31, 2023, are available at https://www.iproxydirect.com/INLX and also on our website at http://www.intellinetics.com