LogicMark Files Definitive Proxy Statement

TL;DR

LogicMark filed its proxy statement for the shareholder meeting. Vote your shares!

AI Summary

LogicMark, Inc. filed a Definitive Proxy Statement (DEF 14A) on August 21, 2024, for its annual meeting of stockholders. The filing pertains to the fiscal year ending December 31, 2024, and includes information related to the company's governance and shareholder matters. LogicMark, Inc. is incorporated in Nevada and operates in the orthopedic, prosthetic & surgical appliances & supplies industry.

Why It Matters

This filing provides crucial information for shareholders regarding upcoming votes and company decisions, impacting their investment in LogicMark, Inc.

Risk Assessment

Risk Level: low — This is a routine regulatory filing (DEF 14A) and does not contain new financial performance data or significant operational changes.

Key Numbers

• 1231 — Fiscal Year End (Indicates the end of the company's financial reporting year.)

Key Players & Entities

• LogicMark, Inc. (company) — Registrant
• Nxt-ID, Inc. (company) — Former company name
• 20241001 (date) — Fiscal year end
• 20240821 (date) — Filing date

FAQ

Key Financial Figures

• $0.0001 — nding shares of common stock, par value $0.0001 per share (the “Common Stock&rdqu

Filing Documents

• ea0211990-def14a_logicmark.htm (DEF 14A) — 263KB
• image_001.jpg (GRAPHIC) — 9KB
• image_002.jpg (GRAPHIC) — 1633KB
• image_003.jpg (GRAPHIC) — 2116KB
• 0001213900-24-071483.txt ( ) — 5440KB

SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT

SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT 4 APPROVAL OF THE ISSUANCE OF ALL OF THE SHARES OF COMMON STOCK UPON EXERCISE OF THE WARRANTS (Proposal No. 1) 7 Summary 7 Background and Descriptions of the Warrants 7 Reasons for the Proposal 8 Potential Consequences if this Proposal is Not Approved 8 Potential Adverse Effects of this Proposal 8 Vote Required and Recommendation of the Board 8 AUTHORIZATION OF THE BOARD TO AMEND THE CHARTER TO EFFECT A REVERSE STOCK SPLIT OF ALL OUTSTANDING SHARES OF COMMON STOCK (Proposal No. 2) 9 Summary 9 Board Determination to Implement the Reverse Stock Split 10 Risks of the Common Stock Reverse Stock Split 11 Principal Effects of the Common Stock Reverse Stock Split 12 Fractional Shares 14 No Dissenters’ Rights 15 Certain United States Federal Income Tax Consequences 15 Accounting Consequences 16 Exchange of Stock Certificates 16 Book-Entry 17 Interests of Directors and Executive Officers 17 Vote Required and Recommendation 17 AUTHORIZATION OF THE BOARD TO AMEND THE CHARTER BY AMENDING THE SERIES C PREFERRED CERTIFICATE OF DESIGNATIONS TO EFFECT A REVERSE STOCK SPLIT OF ALL OUTSTANDING SHARES OF SERIES C PREFFERED STOCK AND INCREASE THE STATED VALUE OF THE SERIES C PREFERRED STOCK (Proposal No. 3) 18 Summary 18 Implementation of the Series C Preferred Reverse Stock Split 19 Increase in the Stated Value of the Series C Preferred Stock 19 Principal Effects of the Series C Preferred Reverse Stock Split and Increase in the Stated Value of the Series C Preferred Stock 20 Fractional Shares 20 No Dissenters’ Rights 21 Certain United States Federal Income Tax Consequences 21 Exchange of Stock Certificates 21 Interests of Directors and Executive Officers 21 Vote Required and Recommendation 21 EXPENSES AND SOLICITATION 22 OTHER BUSINESS 22 ADDITIONAL INFORMATION 22 Notice Re

SECURITY OWNERSHIP OF

SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT The following table sets forth, as of August 20, 2024, information regarding beneficial ownership of our capital stock by: each person, or group of affiliated persons, known by us to beneficially own more than 5% of our outstanding voting securities; each of our named executive officers; each of our directors; and all of our named executive officers and directors as a group. The percentage ownership information shown in the table is based upon 11,863,537 shares of Common Stock, 10 shares of Series C Preferred Stock, and 106,333 shares of Series F Preferred outstanding as of August 20, 2024. Beneficial ownership is determined according to the rules of the Securities and Exchange Commission (the “SEC’) and generally means that a person has beneficial ownership of a security if he, she or it possesses sole or shared voting or investment power of that security, including securities that are exercisable for shares of Common Stock, Series C Preferred Stock or Series F Preferred Stock within sixty (60) days of August 20, 2024. Except as indicated by the footnotes below, we believe, based on the information furnished to us, that the holders named in the table below have sole voting and investment power with respect to all shares of Common Stock, Series C Preferred Stock or Series F Preferred Stock shown that they beneficially own, For purposes of computing the percentage of outstanding shares of our Common Stock, Series C Preferred Stock and Series F Preferred Stock held by each holder or group of holders named above, any shares of Common Stock, Series C Preferred Stock or Series F Preferred Stock that such holder or holders has the right to acquire within sixty (60) days of August 20, 2024 is deemed to be outstanding, but is not deemed to be outstanding for the purpose of computing the percentage ownership of any other holder. The incl

View Full Filing

View this DEF 14A filing on SEC EDGAR