Manhattan Bridge Capital, Inc. Announces 2024 Annual Meeting of Shareholders

TL;DR

<b>Manhattan Bridge Capital, Inc. is holding its 2024 Annual Meeting of Shareholders on June 20, 2024, to elect directors and approve auditors.</b>

AI Summary

MANHATTAN BRIDGE CAPITAL, INC (LOAN) filed a Proxy Statement (DEF 14A) with the SEC on May 9, 2024. The 2024 Annual Meeting of Shareholders for Manhattan Bridge Capital, Inc. is scheduled for June 20, 2024. The meeting will take place at 9:00 a.m. local time at the offices of Sullivan & Worcester LLP in New York. Shareholders will vote on the election of six (6) directors. An advisory approval of the appointment of Hoberman & Lesser CPA’s, LLP as independent auditors for fiscal year 2024 is on the agenda. The company is soliciting proxies to ensure a quorum and allow shareholders to vote on proposed matters.

Why It Matters

For investors and stakeholders tracking MANHATTAN BRIDGE CAPITAL, INC, this filing contains several important signals. Shareholders need to participate in the annual meeting to ensure a quorum, which is essential for the company's governance and decision-making processes. The election of directors and approval of auditors are critical governance activities that directly impact the company's leadership and financial oversight.

Risk Assessment

Risk Level: low — MANHATTAN BRIDGE CAPITAL, INC shows low risk based on this filing. The filing is a routine proxy statement for an annual shareholder meeting and does not contain significant new financial or operational information, indicating a low level of immediate risk.

Analyst Insight

Shareholders should review the proxy materials carefully and cast their votes to ensure their participation in the company's governance.

Key Numbers

• 6 — Directors (Number of directors to be elected at the Annual Meeting.)
• 2024-06-20 — Annual Meeting Date (Date of the 2024 Annual Meeting of Shareholders.)
• 9:00 — Meeting Time (Time of the Annual Meeting of Shareholders.)
• 2024 — Fiscal Year End (Fiscal year for which auditors are being approved.)

Key Players & Entities

• MANHATTAN BRIDGE CAPITAL, INC. (company) — Registrant and filer of the proxy statement.
• Assaf Ran (person) — President and Chief Executive Officer of Manhattan Bridge Capital, Inc.
• Sullivan & Worcester LLP (company) — Location of the Annual Meeting of Shareholders.
• Hoberman & Lesser CPA’s, LLP (company) — Proposed independent auditors for fiscal year 2024.

FAQ

Risk Factors

• Shareholder Participation [low — operational]: The company emphasizes the importance of shareholder representation at the meeting to ensure a quorum, highlighting potential operational risks if participation is low.

Industry Context

Manhattan Bridge Capital, Inc. operates as a Real Estate Investment Trust (REIT). This filing is a routine proxy statement for its annual shareholder meeting.

Regulatory Implications

This filing is made under Schedule 14A of the Securities Exchange Act of 1934, which governs the information required in proxy statements for shareholder meetings.

What Investors Should Do

1. Review the proxy statement for details on director nominees and auditor proposals.
2. Vote your shares by proxy or attend the meeting to ensure your participation.
3. Confirm the appointment of Hoberman & Lesser CPA’s, LLP as independent auditors for FY2024.

Key Dates

• 2024-06-20: Annual Meeting of Shareholders — Shareholders will elect directors and vote on auditor appointment.

Glossary

Proxy Statement

A document filed with the SEC that contains information that shareholders need to make informed decisions about matters presented at a shareholder meeting. (Provides details on the agenda items for the Annual Meeting, including director elections and auditor appointments.)

Quorum

The minimum number of shareholders that must be present at a meeting for business to be legally transacted. (Essential for the validity of decisions made at the Annual Meeting; the company urges shareholders to ensure a quorum.)

Year-Over-Year Comparison

This is a DEF 14A filing, which is a definitive proxy statement for an annual shareholder meeting. It follows the standard format for such disclosures.

Key Financial Figures

• $0.001 — g shares of our common stock, par value $0.001 per share (the &ldquo;Common Shares&rdq

Filing Documents

• formdef14a.htm (DEF 14A) — 219KB
• formdef14a_001.jpg (GRAPHIC) — 1KB
• formdef14a_002.jpg (GRAPHIC) — 2KB
• formdef14a_003.jpg (GRAPHIC) — 6KB
• proxy_001.jpg (GRAPHIC) — 254KB
• proxy_002.jpg (GRAPHIC) — 212KB
• 0001493152-24-018325.txt (&nbsp;) — 873KB

From the Filing

DEF 14A 1 formdef14a.htm UNITED SECURITIES AND EXCHANGE COMMISSION W ASHINGTON , D.C. 20549 SCHEDULE 14A (Rule 14a-101) INFORMATION REQUIRED IN PROXY STATEMENT SCHEDULE 14a INFORMATION Proxy Exchange Act of 1934 (Amendment No.) 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 &sect;240.14a-12 MANHATTAN BRIDGE CAPITAL, 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 MANHATTAN BRIDGE CAPITAL, INC. 60 Cutter Mill Road Great Neck, NY 11021 Notice of Annual Meeting of Shareholders To be held on Thursday, June 20, 2024 To Our Shareholders: You are invited to attend the 2024 Annual Meeting of Shareholders of Manhattan Bridge Capital, Inc. at 9:00 a.m. local time, on Thursday, June 20, 2024, at the office of Sullivan & Worcester LLP, 1251 Avenue of the Americas, New York, NY 10020. The Notice of Meeting and Proxy Statement on the following pages describe the matters to be presented at the meeting. It is important that your shares be represented at this meeting to ensure the presence of a quorum. Whether or not you plan to attend the meeting, we hope that you will have your shares represented by signing, dating and returning your proxy in the enclosed envelope, which requires no postage if mailed in the United States, as soon as possible . Your shares will be voted in accordance with the instructions you have given in your proxy. Thank you for your continued support. Sincerely, Assaf Ran President and Chief Executive Officer MANHATTAN BRIDGE CAPITAL, INC. 60 Cutter Mill Road Great Neck, NY 11021 Notice of Annual Meeting of Shareholders To be held on Thursday, June 20, 2024 The Annual Meeting of Shareholders of Manhattan Bridge Capital, Inc. (the &ldquo;Company&rdquo;) will be held at the offices of Sullivan & Worcester LLP, 1251 Avenue of the Americas, New York, NY 10020, on Thursday, June 20, 2024 at 9:00 a.m., local time, for the purpose of considering and acting upon the following: 1. Election of six (6) directors to serve until the next Annual Meeting of Shareholders and until their respective successors have been duly elected and qualified. 2. Advisory approval of the appointment of Hoberman & Lesser CPA&rsquo;s, LLP as the Company&rsquo;s independent auditors for the fiscal year ending December 31, 2024. 3. Transaction of such other business as may properly come before the meeting and any adjournment or adjournments thereof. The Company&rsquo;s Board of Directors has set the close of business on April 26, 2024 as the record date for the determination of shareholders entitled to notice of and to vote at the meeting, or any adjournment or adjournments thereof. A complete list of such shareholders will be available for examination by any shareholder at the meeting. The meeting may be adjourned from time to time without notice other than by announcement at the meeting. By order of the Board of Directors Vanessa Kao Secretary Great Neck, New York May 9, 2024 IMPORTANT: IT IS IMPORTANT THAT YOUR SHARES BE REPRESENTED AT THE MEETING REGARDLESS OF THE NUMBER OF SHARES YOU HOLD. WHETHER OR NOT YOU PLAN TO ATTEND THE MEETING IN PERSON, PLEASE COMPLETE, DATE AND SIGN THE ENCLOSED PROXY CARD AND MAIL IT PROMPTLY IN THE ENCLOSED RETURN ENVELOPE. THE PROMPT RETURN OF PROXIES WILL ENSURE A QUORUM AND SAVE THE COMPANY THE EXPENSE OF FURTHER SOLICITATION. EACH PROXY GRANTED MAY BE REVOKED BY THE SHAREHOLDER APPOINTING SUCH PROXY AT ANY TIME BEFORE IT IS VOTED. IF YOU RECEIVE MORE THAN ONE PROXY CARD BECAUSE YOUR SHARES ARE REGISTERED IN DIFFERENT NAMES OR ADDRESSES, EACH SUCH PROXY CARD SHOULD BE SIGNED AND RETURNED TO ENSURE THAT ALL OF YOUR SHARES WILL BE VOTED. We appreciate your giving this matter your prompt attention. IMPORTANT NOTICE REGARDING AVAILABILITY OF PROXY MATERIALS FOR THE SHAREHOLDER MEETING TO BE HELD ON THURSDAY, JUNE 20, 2024 The proxy materials for the Annual Meeting, including the Annual Report and the Proxy Statement are also available at www.proxyvote.com MANHATTAN BRIDGE CAPITAL, INC. 60 Cutter Mill Road Great Neck, NY 11021 PROXY FOR ANNUAL MEETING OF SHAREHOLDERS To be held on Thursday, June 20, 2024 Proxies in the form enclosed with this Proxy Statement are solicited by the Board of Directors (the &ldquo;Board&rdquo;) of Manhattan Bridge Capital, Inc. (the &ldquo;Company,&rdquo; &ldquo;we,&rdquo; &ldquo;us,&rdquo; &ldquo;our,&rdquo; or any de

View Full Filing

View this DEF 14A filing on SEC EDGAR