ALTISOURCE PORTFOLIO SOLUTIONS S.A. (NASDAQ:ASPS) Files An 8-K Submission of Matters to a Vote of Security Holders

ALTISOURCE PORTFOLIO SOLUTIONS S.A. (NASDAQ:ASPS) 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 May 20, 2019, Altisource Portfolio Solutions S.A. (the “Company”) held its 2019 annual meeting of shareholders (the “Annual Meeting”). The final results for each matter submitted to a vote of shareholders at the Annual Meeting were as follows.
Each of the foregoing proposals for the Annual Meeting is more fully described in the proxy statement filed by the Company with the Securities and Exchange Commission on April 8, 2019.
Item 8.01 Other Events.
On May 20, 2019, the Board of Directors appointed William B. Shepro as the Chairman of the Board of Directors and Scott E. Burg as Lead Independent Director. Mr. Shepro, who has served on the Board of Directors and as Chief Executive Officer of the Company, will continue in his role as Chief Executive Officer. He replaces Timo Vättö, who served as Chairman since January 2015 and did not stand for re-election as a Director of the Company at the Annual Meeting. Mr. Burg has served on the Board of Directors since September 2018.
The Board believes that Mr. Shepro’s intimate knowledge of our business and operations from his long tenure as Chief Executive Officer make him the appropriate choice to lead the Board as the Company continues to pursue its strategic plan. With Mr. Shepro serving as both Chairman and Chief Executive Officer, the Board also believes that it is important to appoint a strong Lead Independent Director, and that Mr. Burg’s skills and experience complement those of Mr. Shepro, creating the optimal leadership structure for the Company at this time. Messrs. Shepro and Burg will receive no additional compensation for their service as Chairman of the Board of Directors and Lead Independent Director, respectively.
About ALTISOURCE PORTFOLIO SOLUTIONS S.A. (NASDAQ:ASPS)

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Altisource Portfolio Solutions S.A. is a marketplace and transaction solutions provider for the real estate, mortgage and consumer debt industries. The Company operates through three segments: Mortgage Services, Financial Services and Technology Services. The Company’s Mortgage Services segment provides services that span the mortgage and real estate lifecycle, and are outsourced by loan servicers, loan originators, home investors, and other sellers and buyers of single family homes. The Company’s Financial Services segment provides collection and customer relationship management services to debt originators and servicers (credit card, auto lending, retail credit and mortgage) and the utility, insurance and hotel industries. Technology Services segment provides a portfolio of software, data analytics and infrastructure management services that support the management of mortgage and real estate activities and marketplace transactions across the mortgage and real estate lifecycles.

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