ASTA FUNDING, INC. (NASDAQ:ASFI) Files An 8-K Submission of Matters to a Vote of Security Holders

ASTA FUNDING, INC. (NASDAQ:ASFI) Files An 8-K Submission of Matters to a Vote of Security Holders

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Item5.07

Submission of Matters to a Vote of Security
Holders

At the annual meeting of stockholders of Asta Funding, Inc. (the
Company)held on May 19, 2017, the holders of our outstanding
stock took the actions described below. As of the record date,
April 10, 2017, for the annual meeting, 6,562,215 shares of
common stock were issued and outstanding, each entitled to one
vote per share.

1. The stockholders elected Gary Stern, David Slackman, Edward
Celano, Louis A. Piccolo and Mark Levenfus to serve on our Board
of Directors for a one-year term. The results of the voting are
as follows:

For

Withheld

BrokerNon-

Votes

Gary Stern

3,427,327

428,649

179,303

David Slackman

3,539,890

316,086

179,303

Edward Celano

3,538,490

317,486

179,303

Louis A. Piccolo

3,367,569

488,407

179,303

Mark Levenfus

3,419,330

436,646

179,303

2. The stockholders also approved a proposal to ratify the
selection of EisnerAmper LLP as our independent auditor for the
2017 fiscal year. The voting results for this proposal were
4,033,292 shares for, 1,087 shares against, and 900 shares
abstained.

Additional information about these proposals can be found in the
Companys Proxy Statement for the annual meeting.

-2-


About ASTA FUNDING, INC. (NASDAQ:ASFI)

Asta Funding, Inc. is primarily engaged in the businesses of acquiring, managing, servicing and recovering on portfolios of consumer receivables. The Company operates through four segments: Consumer Receivables, Personal Injury Claims, Structured Settlements and GAR Disability Advocates. The Consumer receivables segment is engaged in purchasing, managing for its own account and servicing distressed consumer receivables, including charged off receivables, semi-performing receivables and performing receivables. The Personal injury claims segment includes the operations of its subsidiary, Pegasus Funding, LLC. The Structured settlements segment includes the operations of CBC Settlement Funding, LLC (CBC). The GAR Disability Advocates segment includes the operations of GAR Disability Advocates, LLC (GAR Disability Advocates). GAR Disability Advocates is a social security benefit and disability advocacy group.

ASTA FUNDING, INC. (NASDAQ:ASFI) Recent Trading Information

ASTA FUNDING, INC. (NASDAQ:ASFI) closed its last trading session down -0.05 at 6.95 with 4,023 shares trading hands.

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