RECEIVABLE ACQUISITION & MANAGEMENT CORPORATION (OTCMKTS:CSEI) Files An 8-K Submission of Matters to a Vote of Security Holders
Item 5.07 Submission of Matters to a Vote of Security
Holders.
On January 20, 2017, Receivable Acquisition Management
Corporation (the Company) held its 2016 Annual Meeting of
Shareholders (the Meeting). The following matters were submitted
to a vote of the Companys shareholders at the Meeting: (i) the
election of five (5) directors to serve until the next annual
meeting of shareholders and until their successors are duly
elected and qualified; (ii) the ratification of the appointment
of PKF OConnor Davies LLP as the Companys independent registered
public accounting firm for the 2016 fiscal year; (iii) approval
of an amendment to the Certificate of Incorporation to change the
Companys name; (iv) approval of a reverse stock split and
corresponding amendment to the Certificate of Incorporation; (v)
advisory approval of named executive officer compensation; and
(vi) advisory approval of the frequency of advisory shareholder
vote on executive compensation.
At the Meeting, a total of 156,309,913 shares of common stock of
the Company (the Common Stock) voted in person or by proxy, out
of 200,739,432 outstanding shares of Common Stock entitled to
vote at the Meeting. Set forth below is the number of votes cast
for: for, against, withheld, abstentions and broker non-votes as
to each matter.
1.
Election of a Board of Five Directors.
|
Nominee |
For |
Withheld |
Broker Non-Votes |
|
|
|
Thomas Telegades |
151,505,561 |
1,029 |
4,803,323 |
|
|
Peter Fazio |
151,505,561 |
1,029 |
4,803,323 |
|
|
James Valentino |
151,505,561 |
1,029 |
4,803,323 |
|
|
Wallace Baker |
151,505,561 |
1,029 |
4,803,323 |
|
|
Monir Hoque |
151,505,943 |
|
4,803,323 |
2.
Ratification of the Appointment of PKF OConnor Davies LLP as
Independent Auditors for the 2016 Fiscal Year.
|
For |
Against |
Abstain |
Broker Non-Votes |
|
|
156,298,502 |
10,954 |
|
-0- |
3.
Approval of Name Change Amendment.
|
For |
Against |
Abstain |
Broker Non-Votes |
|
|
156,295,470 |
12,537 |
1,904 |
-0- |
4.
Approval of Reverse Stock Split.
|
For |
Against |
Abstain |
Broker Non-Votes |
|
|
155,695,194 |
613,651 |
1,064 |
-0- |
5.
Advisory Vote on Executive Compensation.
|
For |
Against |
Abstain |
Broker Non-Votes |
|
|
150,144,137 |
8,755 |
1,353,698 |
4,803,323 |
6.
Advisory Vote on Frequency of Vote on Executive Compensation.
|
One Year |
Two Years |
Three Years |
Abstain |
Broker Non-Votes |
|
|
11,825,217 |
1,730 |
138,329,372 |
1,350,271 |
4,803,323 |
About RECEIVABLE ACQUISITION & MANAGEMENT CORPORATION (OTCMKTS:CSEI)
Receivable Acquisition & Management Corporation (CSEI) specializes in delivering energy infrastructure and alternative energy solutions to a wide range of commercial customers and institutions, such as hospitals and universities. The Company has two business components. The first business component is the management of infrastructure projects for commercial and institutional customers. These projects involve some combination of energy infrastructure components, including electrical power generation, steam production, or chilled water production, as well as the infrastructure to distribute these services. The Company acts as the representative of the customer in overseeing and managing an infrastructure project, or takes the role of project developer under an agreement with the customer. The second business component is focused on the commercialization of engine technology, which converts low-grade heat to mechanical energy. RECEIVABLE ACQUISITION & MANAGEMENT CORPORATION (OTCMKTS:CSEI) Recent Trading Information
RECEIVABLE ACQUISITION & MANAGEMENT CORPORATION (OTCMKTS:CSEI) closed its last trading session 00.000 at 0.200 with 105,424 shares trading hands.
