Usio, Inc. Files 8-K on Shareholder Votes & Financials

Ticker: USIO · Form: 8-K · Filed: Jun 20, 2024 · CIK: 1088034

Usio, Inc. 8-K Filing Summary
FieldDetail
CompanyUsio, Inc. (USIO)
Form Type8-K
Filed DateJun 20, 2024
Risk Levellow
Pages3
Reading Time4 min
Key Dollar Amounts$0.001
Sentimentneutral

Sentiment: neutral

Topics: corporate-governance, financial-reporting, sec-filing

TL;DR

Usio filed an 8-K on June 18th covering shareholder votes and financials. Check it out.

AI Summary

Usio, Inc. filed an 8-K on June 18, 2024, to report on matters submitted to a vote of security holders, Regulation FD disclosures, and financial statements. The filing details the company's corporate actions and financial reporting, with its principal executive offices located at 3611 Paesanos Parkway, Suite 300, San Antonio, TX 78231.

Why It Matters

This 8-K filing provides crucial updates on Usio, Inc.'s corporate governance and financial health, informing investors about key decisions and performance metrics.

Risk Assessment

Risk Level: low — This filing is a routine 8-K reporting on corporate actions and financial statements, not indicating any immediate operational or financial distress.

Key Numbers

  • 20240618 — Report Date (Earliest event date reported in the 8-K)
  • 1231 — Fiscal Year End (Indicates the end of the company's annual financial reporting cycle)

Key Players & Entities

  • Usio, Inc. (company) — Registrant
  • June 18, 2024 (date) — Date of earliest event reported
  • 3611 Paesanos Parkway, Suite 300, San Antonio, TX 78231 (address) — Principal executive offices
  • Nevada (jurisdiction) — State of incorporation
  • 000-30152 (filing_id) — Commission File Number
  • 98-0190072 (tax_id) — IRS Employer Identification No.

FAQ

What specific matters were submitted to a vote of Usio, Inc. security holders?

The filing indicates 'Submission of Matters to a Vote of Security Holders' as an item, but the specific details of these matters are not elaborated in the provided text excerpt.

What is the primary business of Usio, Inc. based on its SIC code?

Usio, Inc.'s Standard Industrial Classification (SIC) code is 6099, which relates to 'DEPOSITORY BANKING, NEC'.

When was Usio, Inc. incorporated?

Usio, Inc. was incorporated in Nevada, as stated in the filing.

What is the address of Usio, Inc.'s principal executive offices?

The principal executive offices of Usio, Inc. are located at 3611 Paesanos Parkway, Suite 300, San Antonio, TX 78231.

What former names has Usio, Inc. or its predecessors used?

Usio, Inc. was formerly known as Payment Data Systems Inc (name change effective May 2, 2019, and previously August 12, 2003) and BILLSERV INC (name change effective December 19, 2001).

Filing Stats: 1,020 words · 4 min read · ~3 pages · Grade level 11 · Accepted 2024-06-20 16:04:30

Key Financial Figures

  • $0.001 — ch registered Common stock , par value $0.001 per share USIO The Nasdaq Stock Mark

Filing Documents

07

Item 5.07 Submission of Matters to a Vote of Security Holders On June 18, 2024, we held our Annual Meeting of Stockholders. Proxies were solicited pursuant to our definitive proxy statement filed on April 29, 2024, with the Securities and Exchange Commission under Section 14(a) of the Securities Exchange Act of 1934. The number of shares of our common stock entitled to vote at the annual meeting was 26,789,191. The holders of 19,134,162 shares of common stock were present or represented by valid proxy at the annual meeting, of which 6,367,513 were broker non-votes. Each share of common stock was entitled to one vote with respect to matters submitted to our stockholders at the annual meeting. At the annual meeting, our stockholders voted on the matters set forth below. Proposal 1A – Election of Class I Director: Louis A. Hoch to serve until the 2027 Annual Meeting of Stockholders or until his successor is duly elected and qualified. Louis A. Hoch was duly elected as our Class I director. The result of the election was as follows: NOMINEE FOR AGAINST WITHHELD BROKER NON-VOTES Louis A. Hoch 12,587,687 0 178,962 6,367,513 Proposal 1B – Election of Class I Director: Blaise Bender to serve until the 2027 Annual Meeting of Stockholders or until his successor is duly elected and qualified. Blaise Bender was duly elected as our Class I director. The result of the election was as follows: NOMINEE FOR AGAINST WITHHELD BROKER NON-VOTES Blaise C. Bender 12,308,418 0 458,231 6,367,513 Proposal 2 – Advisory Vote on Executive Compensation Our stockholders voted upon and approved, by non-binding advisory vote, the compensation of our named executive officers for the year ended December 31, 2023, as described in our proxy statement. The votes on this proposal were as follows: FOR AGAINST ABSTAIN BROKER NON-VOTES 11,886,224 706,132 174,293 6,367,513 Proposal 3 – Ratification of the Appointment of Independent Registered Public Ac

01

Item 7.01 Regulation FD Disclosure The presentation delivered at our 2024 annual meeting of stockholders is attached as Exhibit 99.1. The information in Exhibit 99.1 is furnished pursuant to Item 7.01 and shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of the Section. The information in this Report will not be deemed an admission as to the materiality of any information required to be disclosed solely to satisfy the requirements of Regulation FD. This report (including Exhibit 99.1) contains forward-looking statements. Forward-looking statements include, but are not limited to, statements that express our intentions, beliefs, expectations, strategies, predictions, or any other statements related to our future activities, or future events or conditions. These statements are based on current expectations, estimates and projections about our business based, in part, on assumptions made by management. These statements are not guarantees of future performances and involve risks, uncertainties and assumptions that are difficult to predict. Therefore, actual outcomes and results may differ materially from what is expressed or forecasted in the forward-looking statements due to numerous factors, including those risks discussed in our Annual Report on Form 10-K and in other documents that we file from time to time with the SEC. Any forward-looking statements speak only as of the date on which they are made, and we do not undertake any obligation to update any forward-looking statement to reflect events or circumstances after the date of this report, except as required by law.

Financial Statements and Exhibits

Financial Statements and Exhibits. 99.1 Usio, Inc. Presentation for 2024 Annual Meeting of Shareholders on June 18, 2024 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) SIGNATURE 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. Date: June 18, 2024 USIO, INC. By: /s/ Louis A. Hoch Name: Louis A. Hoch Title: Chief Executive Officer and Chairman of the Board

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