KORU Medical Systems Reports on Shareholder Vote
Ticker: KRMD · Form: 8-K · Filed: May 14, 2024 · CIK: 704440
| Field | Detail |
|---|---|
| Company | Koru Medical Systems, Inc. (KRMD) |
| Form Type | 8-K |
| Filed Date | May 14, 2024 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $0.01 |
| Sentiment | neutral |
Sentiment: neutral
Topics: shareholder-vote, corporate-governance
TL;DR
KORU Medical Systems held a shareholder vote on May 9th, details filed today.
AI Summary
KORU Medical Systems, Inc. filed an 8-K on May 14, 2024, reporting on matters submitted to a vote of security holders on May 9, 2024. The filing indicates a shareholder meeting occurred on this date, with the company's principal executive offices located at 100 Corporate Drive, Mahwah, NJ 07430.
Why It Matters
This filing informs investors about key decisions made by KORU Medical Systems' shareholders, which could impact the company's future direction and governance.
Risk Assessment
Risk Level: low — This is a routine filing reporting on a shareholder vote, not indicating any immediate financial distress or significant operational changes.
Key Players & Entities
- KORU Medical Systems, Inc. (company) — Registrant
- May 9, 2024 (date) — Date of earliest event reported
- May 14, 2024 (date) — Date of report
- 100 Corporate Drive, Mahwah, NJ 07430 (address) — Principal executive offices
FAQ
What specific matters were submitted to a vote of security holders on May 9, 2024?
The filing states that matters were submitted to a vote of security holders on May 9, 2024, but does not detail the specific proposals in the provided text.
What is the primary business of KORU Medical Systems, Inc.?
KORU Medical Systems, Inc. operates in the 'SURGICAL & MEDICAL INSTRUMENTS & APPARATUS' industry, SIC code 3841.
When was KORU Medical Systems, Inc. incorporated?
KORU Medical Systems, Inc. was incorporated in Delaware.
What is the IRS Employer Identification Number for KORU Medical Systems, Inc.?
The IRS Employer Identification Number for KORU Medical Systems, Inc. is 13-3044880.
What was the former name of KORU Medical Systems, Inc.?
The former name of KORU Medical Systems, Inc. was REPRO MED SYSTEMS INC, with a name change date of July 3, 1992.
Filing Stats: 597 words · 2 min read · ~2 pages · Grade level 11.8 · Accepted 2024-05-14 17:06:19
Key Financial Figures
- $0.01 — nge on which registered common stock, $0.01 par value KRMD The Nasdaq Stock Marke
Filing Documents
- form_8-k.htm (8-K) — 29KB
- 0001161697-24-000230.txt ( ) — 196KB
- krmd-20240509.xsd (EX-101.SCH) — 3KB
- krmd-20240509_lab.xml (EX-101.LAB) — 33KB
- krmd-20240509_pre.xml (EX-101.PRE) — 22KB
- form_8-k_htm.xml (XML) — 3KB
07. Submission of Matters to a Vote
Item 5.07. Submission of Matters to a Vote of Security Holders. Set forth below are the voting results from the 2024 Annual Meeting of Shareholders held on May 9, 2024: Total shares voted : 38,339,108 Proposal 1: Election of Directors The nominees for director set forth under "Nominees" below were elected to the Company's board of directors. Number of Shares Nominees For Withheld Broker Non-Vote R. John Fletcher 25,929,278 1,195,646 11,214,184 Robert A. Cascella 26,317,078 807,846 11,214,184 Donna French 26,864,903 260,021 11,214,184 Joseph M. Manko, Jr. 26,563,681 561,243 11,214,184 Shahriar (Shar) Matin 26,858,504 266,420 11,214,184 Linda Tharby 26,483,272 641,652 11,214,184 Edward Wholihan 26,459,489 665,435 11,214,184 Proposal 2: Approval, on an advisory basis, of the compensation of the Company's executive officers. The Company's shareholders, on an advisory basis, approved the compensation of the company's executive officers. For Against Abstain Broker Non-Vote Number of Shares 26,409,104 541,923 173,897 11,214,184 Proposal 3: Ratification of the appointment of independent registered accountants for the 2024 fiscal year. The Company's shareholders ratified the appointment of McGrail Merkel Quinn & Associates, P.C. as the company's independent registered public accountants for the 2024 fiscal year. For Against Abstain Number of Shares 38,261,457 11,517 66,134 Proposal 4: Approval of the 2024 Omnibus Equity Incentive Plan. The Company's shareholders approved the adoption of the Company's 2024 Omnibus Equity Incentive Plan. For Against Abstain Number of Shares 26,146,895 814,966 163,063 - 2 -
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. KORU MEDICAL SYSTEMS, INC. (Registrant) Date: May 14, 2024 By: /s/ Thomas Adams Thomas Adams Chief Financial Officer - 3 -