LM Funding America Files DEF 14A on Executive Compensation

Ticker: LMFA · Form: DEF 14A · Filed: Sep 27, 2024 · CIK: 1640384

Sentiment: neutral

Topics: proxy-statement, executive-compensation, corporate-governance

TL;DR

LM Funding America just dropped their DEF 14A - check out exec comp details for 2021-2023.

AI Summary

LM Funding America, Inc. filed a DEF 14A on September 27, 2024, detailing executive compensation and corporate governance matters. The filing includes information on equity awards granted and vested for the fiscal years ending December 31, 2021, 2022, and 2023, for both "Peo" (likely principal executive officers) and "NonPeoNeo" (likely non-principal executive officers) members. Specific dollar amounts for these awards are not detailed in this excerpt.

Why It Matters

This filing provides insight into how LM Funding America compensates its top executives, which can influence investor decisions and the company's long-term strategy.

Risk Assessment

Risk Level: medium — DEF 14A filings are routine but can reveal significant information about executive compensation, potential conflicts of interest, or changes in corporate governance that could impact stock value.

Key Numbers

Key Players & Entities

FAQ

What specific dollar amounts were associated with the equity awards granted and vested in fiscal years 2021-2023?

The provided excerpt does not contain specific dollar amounts for the equity awards; it only references the periods for which data is presented.

Who are the 'Peo' and 'NonPeoNeo' members mentioned in the filing?

The filing excerpt does not explicitly define 'Peo' and 'NonPeoNeo' members, but 'Peo' typically refers to Principal Executive Officers and 'NonPeoNeo' to other executive officers.

What is the purpose of a DEF 14A filing?

A DEF 14A filing, also known as a Definitive Proxy Statement, is used to solicit proxies from shareholders and provides detailed information about matters to be voted on at a shareholder meeting, including executive compensation and corporate governance.

Where is LM Funding America, Inc. headquartered?

LM Funding America, Inc. is headquartered in Tampa, Florida, with a business and mailing address at 1200 West Platt Street, Suite 100, Tampa, FL 33606.

What is the Standard Industrial Classification (SIC) code for LM Funding America, Inc.?

The SIC code for LM Funding America, Inc. is 6199, which falls under Finance Services.

Filing Stats: 4,920 words · 20 min read · ~16 pages · Grade level 10.7 · Accepted 2024-09-27 13:35:23

Filing Documents

From the Filing

DEF 14A X` UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ___________________________ SCHEDULE 14A Proxy Statement Pursuant to Section 14(a) of the 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 240.14a-12 LM FUNDING AMERICA, 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 paid previously with preliminary materials. Fee computed on table in exhibit required by Item 25(b) per Exchange Act Rules 14a-6(i)(1) and 0-11 . NOTICE OF ANNUAL MEETING AND PROXY STATEMENT September 27, 2024 You are cordially invited to attend our Annual Meeting of Stockholders, which will be held at 1200 West Platt Street, Suite 100 Tampa, Florida 33606, on November 8, 2024, at 3:00 pm, local time. Stockholders will be admitted beginning at 2:45 pm. In accordance with the Securities and Exchange Commission rules allowing companies to furnish proxy materials to their stockholders over the Internet, we have sent stockholders of record at the close of business on September 12, 2024, a Notice of Internet Availability of Proxy Materials. The notice contains instructions on how to access our Proxy Statement and Annual Report and vote online. If you would like to receive a printed copy of our proxy materials from us instead of downloading a printable version from the Internet, please follow the instructions for requesting such materials included in the notice, as well as in the attached Proxy Statement. The attached notice of Annual Meeting of Stockholders and proxy statement cover the formal business of the Annual Meeting and contain a discussion of the matters to be voted upon at the Annual Meeting. Your vote is very important. Please act as soon as possible to vote your shares. It is important that your shares be represented at the meeting whether or not you plan to attend the Annual Meeting. Please vote electronically over the Internet, by telephone or, if you receive a paper copy of the proxy card by mail, by returning your signed proxy card in the envelope provided. If you later decide to attend the Annual Meeting and vote in person, you may revoke your proxy at that time. On behalf of the Board of Directors and management, I would like to thank you for choosing to invest in LM Funding America, Inc. and look forward to your participation at our Annual Meeting. Bruce M. Rodgers, Esq. Chairman of the Board Chief Executive Officer LM Funding America, Inc. 1200 West Platt Street, Suite 100, Tampa, FL 33606 T (813) 222-8996 F (813) 221-7909 lmfunding.com NOTICE OF ANNUAL MEETING OF STOCKHOLDERS TO THE STOCKHOLDERS OF LM FUNDING AMERICA, INC.: TIME: 3:00 pm, local time, on November 8, 2024. Stockholders will be admitted beginning at 2:45 p.m. PLACE: LM Funding America, Inc. 1200 West Platt Street, Suite 100 Tampa, Florida 33606 ITEMS OF BUSINESS: 1. To elect two Class II directors to hold office for a three-year term ending at the third annual meeting of stockholders following their election; 2. To ratify the appointment of MaloneBailey, LLP as the company's independent auditor to audit the company's 2024 financial statements; 3. To approve an amendment and restatement of the LM Funding America, Inc. 2021 Omnibus Incentive Plan; 4. To approve, in accordance with Nasdaq Listing Rule 5635(d), the issuance of more than 19.99% of our outstanding common stock issuable upon the exercise of common warrants; 5. To conduct an advisory vote on the compensation of our named executive officers as disclosed in this proxy statement; and 6. To transact such other business that may properly come before the meeting or any adjournments or postponements thereof. RECORD DATE Stockholders of record on September 12, 2024, are entitled to notice of the Annual Meeting and are entitled to vote at the Annual Meeting in person or by proxy. ANNUAL REPORT Our 2023 Annual Report to Stockholders, as amended, which is not a part of this proxy statement, is being provided herewith. PROXY VOTING It is important that your shares be represented at the Annual Meeting and voted in accordance with your instructions. Please promptly vote your shares by following the instructions for voting on the Notice of Internet Availability of Proxy Materials or, if you received a paper or electronic copy of our proxy materials, by completing, signing, dating and returning your proxy card or by Internet or telephone voting as described on your proxy card. By Order of

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