OLB Group Files 8-K on Security Holder Vote

Ticker: OLB · Form: 8-K · Filed: Dec 30, 2024 · CIK: 1314196

Sentiment: neutral

Topics: corporate-governance, shareholder-vote

TL;DR

OLB Group is having a shareholder vote, details to come.

AI Summary

On December 27, 2024, The OLB Group, Inc. filed an 8-K report indicating a submission of matters to a vote of security holders. The filing does not contain specific details about the nature of the vote or any associated financial figures at this time.

Why It Matters

This filing signals that OLB Group is seeking shareholder approval for a specific matter, which could have implications for the company's governance or future operations.

Risk Assessment

Risk Level: low — The filing is procedural and does not disclose specific financial risks or material changes.

Key Players & Entities

FAQ

What specific matter is being submitted for a vote of security holders?

The filing does not specify the exact matter being submitted for a vote, only that such a submission is occurring.

When was the earliest event reported in this 8-K filing?

The earliest event reported was on December 27, 2024.

What is the principal executive office address for The OLB Group, Inc.?

The principal executive offices are located at 1120 Avenue of the Americas, 4th Floor, New York, NY 10036.

What is the Commission File Number for The OLB Group, Inc.?

The Commission File Number is 001-39435.

What is the IRS Employer Identification Number for The OLB Group, Inc.?

The I.R.S. Employer Identification Number is 13-4188568.

Filing Stats: 654 words · 3 min read · ~2 pages · Grade level 12.1 · Accepted 2024-12-30 15:14:03

Key Financial Figures

Filing Documents

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 27, 2024, the stockholders of the Company approved the election of directors and the three proposals listed below. Each outstanding share of Common Stock was entitled to one vote on the matters presented at the Annual Meeting and each share of Preferred Stock was entitled to 11.110 votes (for a total of 11,344 eligible votes) on the matters presented at the Annual Meeting. 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: COMMON SHARES FOR PREFERRED SHARES FOR COMMON SHARES WITHHELD COMMON SHARES BROKER NON-VOTE Ronny Yakov 870,138 1,021 20,776 317,598 Amir Sternhell 862,098 1,021 28,816 317,598 Ehud Ernst 870,110 1,021 20,804 317,598 Alina Dulimof 862,968 1,021 27,946 317,598 2. Ratify the appointment by the Board of RBSM, LLP as the Company's independent registered public accounting firm for the fiscal year ending December 31, 2024: COMMON SHARES FOR PREFERRED SHARES FOR COMMON SHARES AGAINST COMMON SHARES ABSTAIN COMMON SHARES BROKER NON-VOTE 1,132,044 1,021 73,212 3,256 0 3. Approval of the Second Amended and Restated 2020 Share Incentive Plan, was as follows: COMMON SHARES FOR PREFERRED SHARES FOR COMMON SHARES AGAINST COMMON SHARES ABSTAIN COMMON SHARES BROKER NON-VOTE 862,120 1,021 28,298 496 317,598 4. Approval, on an advisory basis, the compensation of our named executive officers, was as follows: COMMON SHARES FOR PREFERRED SHARES FOR COMMON SHARES AGAINST COMMON SHARES ABSTAIN COMMON SHARES BROKER NON-VOTE 866,763 1,021 23,378 773 317,598 1 SIGNATURE Pu

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