OLB Group Files 8-K on Shareholder Vote Matters
Ticker: OLB · Form: 8-K · Filed: Jan 8, 2024 · CIK: 1314196
Complexity: simple
Sentiment: neutral
Topics: corporate-governance, regulatory-filing, shareholder-vote
TL;DR
**OLB Group filed an 8-K about a shareholder vote, signaling routine compliance.**
AI Summary
The OLB Group, Inc. filed an 8-K on January 8, 2024, reporting an event that occurred on January 5, 2024, related to the submission of matters to a vote of security holders. This filing indicates that the company is an emerging growth company. This matters to investors because it signals that the company is adhering to regulatory requirements for reporting significant events that may impact shareholder decisions, even if the specific voting matters are not detailed in this particular filing.
Why It Matters
This filing confirms OLB Group's compliance with SEC reporting for significant events, which is crucial for maintaining investor confidence and transparency.
Risk Assessment
Risk Level: low — This 8-K is a routine compliance filing and does not disclose any specific negative events or financial risks.
Analyst Insight
A smart investor would note this routine compliance filing but understand that it provides no new material financial or operational information. Further investigation into the specific matters submitted to a vote would require reviewing subsequent filings or proxy statements.
Key Players & Entities
- THE OLB GROUP, INC. (company) — registrant filing the 8-K
- January 5, 2024 (date) — date of the earliest event reported
- January 8, 2024 (date) — date the 8-K was filed
- Delaware (company) — state of incorporation for THE OLB GROUP, INC.
FAQ
What is the purpose of this 8-K filing by THE OLB GROUP, INC.?
This 8-K filing, dated January 8, 2024, is to report an event that occurred on January 5, 2024, concerning the 'Submission of Matters to a Vote of Security Holders' as per Item Information.
When was the earliest event reported in this 8-K filing?
The earliest event reported in this 8-K filing occurred on January 5, 2024, as stated under 'Date of Report (Date of earliest event reported): January 5, 2024'.
Is THE OLB GROUP, INC. considered an emerging growth company?
Yes, THE OLB GROUP, INC. has checked the box indicating it is an 'Emerging growth company' as defined in Rule 405 of the Securities Act of 1933 or Rule 12b-2 of the Securities Exchange Act of 1934.
What is the business address of THE OLB GROUP, INC.?
The business address of THE OLB GROUP, INC. is 1120 Avenue of the Americas, 4th Floor, New York, NY 10036, with a business phone number of (212) 278-0900.
What is the SEC File Number for THE OLB GROUP, INC.?
The SEC File Number for THE OLB GROUP, INC. is 000-52994, as listed under 'Commission File Number'.
Filing Stats: 514 words · 2 min read · ~2 pages · Grade level 11.8 · Accepted 2024-01-05 17:40:16
Key Financial Figures
- $0.0001 — nge on which registered Common Stock, $0.0001 par value OLB Nasdaq Capital Market
Filing Documents
- ea191271-8k_olbgroup.htm (8-K) — 29KB
- 0001213900-24-001641.txt ( ) — 201KB
- olb-20240105.xsd (EX-101.SCH) — 3KB
- olb-20240105_lab.xml (EX-101.LAB) — 33KB
- olb-20240105_pre.xml (EX-101.PRE) — 22KB
- ea191271-8k_olbgroup_htm.xml (XML) — 3KB
07. Submission of Matters to a Vote of Security Holders
Item 5.07. Submission of Matters to a Vote of Security Holders. At the Annual Meeting of Stockholders (the "Annual Meeting") of The OLB Group, Inc. (the "Company"), commenced on December 29, 2023 and adjourned to January 5, 2024 for lack of quorum, the stockholders of the Company approved the two proposals listed below. The final results for the votes regarding each proposal are set forth in the following tables. Each of these proposals is described in detail in the Company's Proxy Statement. 1. Elect four members of the Board of Directors, each to serve for a one-year term: FOR WITHHELD BROKER NON-VOTE Ronny Yakov 5,985,353 356,225 2,307,131 Amir Sternhell 5,942,264 399,314 2,307,131 Ehud Ernst 5,949,165 392,413 2,307,131 Alina Dulimof 6,098,680 242,898 2,307,131 2. Ratify the appointment by the Board of Mac Accounting Group & CPAs, LLP as the Company's independent registered public accounting firm for the fiscal year ending December 31, 2023: FOR AGAINST ABSTAIN 7,745,633 868,042 35,034 1 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. Dated: January 5, 2024 THE OLB GROUP By: /s/ Ronny Yakov Name: Ronny Yakov Title: Chief Executive Officer 2