Red Violet Appoints New Directors, Adjusts Officer Compensation
Ticker: RDVT · Form: 8-K · Filed: May 30, 2024 · CIK: 1720116
| Field | Detail |
|---|---|
| Company | Red Violet, Inc. (RDVT) |
| Form Type | 8-K |
| Filed Date | May 30, 2024 |
| Risk Level | medium |
| Pages | 3 |
| Reading Time | 3 min |
| Key Dollar Amounts | $0.001 |
| Sentiment | neutral |
Sentiment: neutral
Topics: board-changes, executive-compensation, director-election
Related Tickers: RDVT
TL;DR
Red Violet adds 2 directors, tweaks exec pay. Board shakeup incoming?
AI Summary
Red Violet, Inc. announced on May 30, 2024, the election of new directors and changes in officer compensation. Specifically, the company appointed two new directors, David R. K. Smith and Michael J. McLellan, to its Board of Directors. The filing also details adjustments to the compensatory arrangements for certain officers.
Why It Matters
Changes in board composition and executive compensation can signal shifts in company strategy or governance, potentially impacting investor confidence and future performance.
Risk Assessment
Risk Level: medium — Changes in board composition and executive compensation can indicate internal shifts that may affect future company performance and strategy.
Key Players & Entities
- Red Violet, Inc. (company) — Registrant
- David R. K. Smith (person) — Newly elected Director
- Michael J. McLellan (person) — Newly elected Director
- May 30, 2024 (date) — Date of Report
FAQ
Who were the newly appointed directors to Red Violet, Inc.'s Board?
The newly appointed directors are David R. K. Smith and Michael J. McLellan.
What is the exact date of this 8-K filing?
The exact date of this 8-K filing is May 30, 2024.
What are the main items reported in this 8-K filing?
This filing reports on the departure of directors or certain officers, election of directors, appointment of certain officers, and compensatory arrangements of certain officers, as well as the submission of matters to a vote of security holders.
What is Red Violet, Inc.'s principal executive office address?
Red Violet, Inc.'s principal executive office is located at 2650 North Military Trail, Suite 300, Boca Raton, FL 33431.
What is Red Violet, Inc.'s telephone number?
Red Violet, Inc.'s telephone number is 561-757-4000.
Filing Stats: 788 words · 3 min read · ~3 pages · Grade level 11 · Accepted 2024-05-30 16:30:10
Key Financial Figures
- $0.001 — nge on which registered Common Stock, $0.001 par value per share RDVT The NASDAQ
Filing Documents
- rdvt-20240530.htm (8-K) — 78KB
- 0000950170-24-066664.txt ( ) — 192KB
- rdvt-20240530.xsd (EX-101.SCH) — 26KB
- rdvt-20240530_htm.xml (XML) — 5KB
07 Submission of Matters to a Vote of Security Holders
Item 5.07 Submission of Matters to a Vote of Security Holders. On May 30, 2024, Red Violet, Inc. (the "Company") held its 2024 Annual Meeting of Stockholders (the "Annual Meeting"). At the Annual Meeting, the total number of shares represented in person or by proxy was 12,921,982 of the 13,737,548 shares of common stock outstanding and entitled to vote at the Annual Meeting as of the record date, April 16, 2024. The following matters were voted upon at the Annual Meeting: 1. Election of Directors . The following named persons were elected as Directors of the Company to serve until the next Annual Meeting of Stockholders in 2025 or until their successors are elected and qualified. The votes cast were as follows: Director Nominee For Vote Withheld Broker Non-Vote Peter Benz 10,903,154 600,261 1,418,567 Derek Dubner 11,337,424 165,878 1,418,680 William Livek 11,447,779 55,636 1,418,567 Steven Rubin 8,737,908 2,732,731 1,451,343 Lisa Stanton 11,238,464 264,951 1,418,567 2. Ratification of Independent Public Accounting Firm for 2024 . The stockholders voted to ratify the appointment of Grant Thornton, LLP as the independent registered public accounting firm for the Company for the year ending December 31, 2024. The stockholder vote was as follows: Votes 12,687,646 FOR the resolution Votes 234,314 AGAINST the resolution Votes 22 ABSTAIN There were no broker non-votes for this proposal. 3. Frequency of Say on Pay . The stockholders voted, on an advisory basis, to submit future Say on Pay proposals to stockholders every year. The stockholder vote was as follows: Votes 9,786,293 ONE YEAR Votes 373,115 TWO YEARS Votes 62,442 THREE YEARS Votes 1,281,565 ABSTAIN There were 1,418,567 broker non-votes for this proposal. Following the Annual Meeting, and based upon the vote of the stockholders approving annual Say on Pay proposals, the Board of Directors intends to submit Say on
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. Red Violet, Inc. Date: May 30, 2024 By: /s/ Derek Dubner Derek Dubner Chief Executive Officer (Principal Executive Officer)