ALTISOURCE ASSET MANAGEMENT CORPORATION (NYSEMKT:AAMC) Files An 8-K Submission of Matters to a Vote of Security Holders
Item 5.07
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Submission of Matters to a Vote of Security Holders
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Corporation (the Company) was held on May 24, 2017 (the Annual
Meeting). On the record date for the Annual Meeting (April 12,
2017), an aggregate of 1,547,002 shares of common stock were
outstanding and entitled to vote at the Annual Meeting. The final
results for each matter submitted to a vote of stockholders at
the Annual Meeting were as follows:
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(i)
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The following Directors were elected to serve until the
Company’s 2018 Annual Meeting of Stockholders and until their successors are duly elected and qualified by the following vote: |
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Name
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For
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Against
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Abstentions
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George G. Ellison
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1,286,067
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3,294
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23,352
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Ricardo C. Byrd
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1,285,728
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3,093
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23,892
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John P. de Jongh, Jr.
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1,260,831
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3,493
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48,389
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Dale Kurland
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1,261,025
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3,293
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48,395
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Nathaniel Redleaf
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924,769
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339,555
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48,389
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(ii)
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The compensation of the Company’s named executive officers
as disclosed in the proxy statement was approved, on an advisory basis, by the following vote: |
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For
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Against
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Abstentions
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1,285,084
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3,527
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24,102
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About ALTISOURCE ASSET MANAGEMENT CORPORATION (NYSEMKT:AAMC)
Altisource Asset Management Corporation provides asset management and corporate governance services to institutional investors. The Company’s primary client is Altisource Residential Corporation (Residential). The Company operates through segment, which is focused on providing asset management and certain corporate governance services to Residential. Its business strategy is to provide asset management services to Residential to generate cash available for distribution to its shareholders and thereby growing its earnings, and develop additional investment strategies and vehicles. Residential is a public real estate investment trust (REIT) that acquires and manages single-family rental properties by acquiring sub-performing and non-performing mortgage loans throughout the United States. In addition to providing services to Residential, it also provides management services to NewSource Reinsurance Company Ltd., which is an insurance and reinsurance company. ALTISOURCE ASSET MANAGEMENT CORPORATION (NYSEMKT:AAMC) Recent Trading Information
ALTISOURCE ASSET MANAGEMENT CORPORATION (NYSEMKT:AAMC) closed its last trading session down -0.25 at 90.00 with 4,834 shares trading hands.