ASTA FUNDING, INC. (NASDAQ:ASFI) Files An 8-K Submission of Matters to a Vote of Security Holders
Item5.07
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Submission of Matters to a Vote of Security |
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:
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For |
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Withheld |
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BrokerNon- Votes |
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Gary Stern |
|
|
3,427,327 |
|
|
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428,649 |
|
|
|
179,303 |
|
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David Slackman |
|
|
3,539,890 |
|
|
|
316,086 |
|
|
|
179,303 |
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|
Edward Celano |
|
|
3,538,490 |
|
|
|
317,486 |
|
|
|
179,303 |
|
|
Louis A. Piccolo |
|
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3,367,569 |
|
|
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488,407 |
|
|
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179,303 |
|
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Mark Levenfus |
|
|
3,419,330 |
|
|
|
436,646 |
|
|
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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.
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.
