NewtekOne Files 8-K on Shareholder Votes & Financials
Ticker: NEWTH · Form: 8-K · Filed: Jun 18, 2024 · CIK: 1587987
| Field | Detail |
|---|---|
| Company | Newtekone, Inc. (NEWTH) |
| Form Type | 8-K |
| Filed Date | Jun 18, 2024 |
| Risk Level | low |
| Pages | 3 |
| Reading Time | 3 min |
| Key Dollar Amounts | $0.02 |
| Sentiment | neutral |
Sentiment: neutral
Topics: corporate-governance, financial-reporting, filing-update
TL;DR
NewtekOne filed an 8-K detailing shareholder votes and financials. Major changes ahead?
AI Summary
NewtekOne, Inc. filed an 8-K on June 18, 2024, reporting on matters submitted to a vote of security holders and financial statements. The filing also details amendments to its articles of incorporation or bylaws and a change in its fiscal year. The company, formerly known as Newtek Business Services Corp., is incorporated in Maryland with its fiscal year ending on December 31.
Why It Matters
This filing provides crucial updates on corporate governance and financial reporting, impacting investor understanding of the company's structure and performance.
Risk Assessment
Risk Level: low — This is a routine filing reporting on corporate actions and financial statements, not indicating immediate operational or financial distress.
Key Players & Entities
- NewtekOne, Inc. (company) — Filer
- Newtek Business Services Corp. (company) — Former Company Name
- June 18, 2024 (date) — Date of Report
- December 31 (date) — Fiscal Year End
FAQ
What specific matters were submitted to a vote of security holders?
The filing indicates that matters were submitted to a vote of security holders, but the specific details of these matters are not elaborated upon in the provided text.
Are there any amendments to NewtekOne's articles of incorporation or bylaws?
Yes, the filing explicitly states 'Amendments to Articles of Incorporation or Bylaws' as an item of information being reported.
Has NewtekOne's fiscal year end changed?
The filing lists 'Change in Fiscal Year' as an item of information, and confirms the fiscal year ends on December 31.
When was NewtekOne formerly known as?
The company was formerly known as Newtek Business Services Corp., with a date of name change on September 30, 2013.
What is the SIC code for NewtekOne, Inc.?
The Standard Industrial Classification (SIC) code for NewtekOne, Inc. is 6021, which corresponds to NATIONAL COMMERCIAL BANKS.
Filing Stats: 832 words · 3 min read · ~3 pages · Grade level 11.2 · Accepted 2024-06-18 15:26:48
Key Financial Figures
- $0.02 — ich registered Common Stock, par value $0.02 per share NEWT Nasdaq Global Market LLC
Filing Documents
- newt-20240618.htm (8-K) — 44KB
- newtekone-articlesofamen.htm (EX-99.1) — 3KB
- newtekone-articlesofamen001.jpg (GRAPHIC) — 151KB
- 0001587987-24-000135.txt ( ) — 448KB
- newt-20240618.xsd (EX-101.SCH) — 4KB
- newt-20240618_def.xml (EX-101.DEF) — 18KB
- newt-20240618_lab.xml (EX-101.LAB) — 33KB
- newt-20240618_pre.xml (EX-101.PRE) — 19KB
- newt-20240618_htm.xml (XML) — 6KB
07. Submission of Matters to a Vote of Security Holders
Item 5.07. Submission of Matters to a Vote of Security Holders. NewtekOne, Inc. (the "Company") held its Annual Meeting of Shareholders on June 14, 2024 (the "Annual Meeting"). The proposals considered at the Annual Meeting are described in detail in the Company's definitive proxy statement for the Annual Meeting as filed with the Securities and Exchange Commission on April 29, 2024 (the "Annual Meeting Proxy"). At the Annual Meeting, the Company's shareholders approved Proposals I, II and IV, as described in the Annual Meeting Proxy, and provided an advisory vote with respect to Proposal III. A total of 20,553,191 shares of the Company's common stock were present or represented by proxy at the Annual Meeting. The tabulation of votes was: Proposal I: To elect two directors of the Company to serve on the Board of Directors until the Company's annual meeting of shareholders in 2027 and until their successors are duly elected and qualified: Director Votes For Votes Withheld Barry Sloane 14,353,168 340,092 Peter Downs 14,045,324 647,936 Proposal II: To ratify the selection of RSM US LLP as the Company's independent registered accounting firm (independent auditors) for the fiscal year ended December 31, 2024: Votes For Votes Against Abstentions 19,399,562 1,018,534 135,095 Proposal III: An advisory vote on the compensation of the Company's named executive officers: Votes For Votes Against Abstentions 13,060,134 1,384,677 248,449 Proposal IV: Approval of an amendment to the Company's Amended and Restated Articles of Incorporation (Charter) to allow the Company's shareholders to amend the Company's bylaws: Votes For Votes Against Abstentions 14,344,055 261,637 87,568
03. Amendments to Articles of Incorporation or Bylaws
Item 5.03. Amendments to Articles of Incorporation or Bylaws. On June 18, 2024, as approved by the Company's shareholders on June 14, 2024, the Company filed Articles of Amendment (the "Amendment") with the Maryland State Department of Assessments and Taxation amending Article VI, Section 5.6 of the Articles of Amendment and Restatement of the Company (the "Charter") to provide that the Company's Bylaws may be amended by the vote of a majority of the Company's entire Board of Directors or by the Company's shareholders by the affirmative vote of a majority of all the votes entitled to be cast on the matter. Prior to the filing of the Amendment, Article VI, Section 5.6 of the Charter provided that its Board of Directors had the exclusive power to make, alter, amend or repeal the Bylaws. A copy of the Amendment is included as Exhibit 99.1 and is incorporated herein by reference.
01 Financial Statement and Exhibits
Item 9.01 Financial Statement and Exhibits (d) Exhibits. Exhibit Number Description 99.1 NewtekOne, Inc. Amended Bylaws dated as of June 18, 2024
SIGNATURES
SIGNATURES In accordance with the requirements of the Securities Exchange Act of 1934, the registrant has caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. NEWTEKONE, INC. Date: June 18, 2024 By: /S/ B ARRY S LOANE Barry Sloane Chief Executive Officer, President and Chairman of the Board