CACHET FINANCIAL SOLUTIONS, INC. (OTCBB:CAFN) 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 February 9, 2017, Cachet Financial Solutions, Inc. (the
Company) held a Special Meeting of Stockholders (the Special
Meeting) at its Principal Executive Offices. Jeffrey C. Mack,
Chairman of the Board of Directors and President and Chief
Executive Officer of the Company, presided. At the Special
Meeting, the Companys stockholders approved each of the following
proposals set forth in the Companys Definitive Proxy Statement on
Schedule 14A (the Special Meeting Proxy Statement), which was
filed with the Securities and Exchange Commission and mailed to
the Companys stockholders on or about January 30, 2017:
Proposal 1:
The Companys stockholders authorized an amendment to the Companys
Certificate of Incorporation to effect a reverse stock split as
described in the Special Meeting Proxy Statement at the
discretion of the Companys Board of Directors, as set forth
below:
| Votes For | Votes Against | Abstentions | |||||||
| 2,708,161 | 21,725 | 100,000 | |||||||
Proposal 2:
The Companys stockholders approved one or more adjournments to
the Special Meeting, if necessary or appropriate, to establish a
quorum or to permit further solicitation of proxies if there were
not sufficient votes at the time of the Special Meeting cast in
favor of Proposal 1, as set forth below:
| Votes For | Votes Against | Abstentions | |||||||
| 2,696,981 | 32,905 | 100,000 | |||||||
About CACHET FINANCIAL SOLUTIONS, INC. (OTCBB:CAFN)
Cachet Financial Solutions, Inc. is a technology solutions and services provider to the financial services industry. The Company’s solutions and services enable its clients, such as banks, credit unions and alternative financial services providers (AFS) to offer their customers remote deposit capture (RDC) and prepaid mobile money technologies and related services. It offers RDC products for businesses and consumers; mobile money management products for consumers, and training and support services for its financial services industry customers. The RDC products are offered to banks and credit unions in the United States, Canada and Latin America. Its mobile money management products are offered to traditional financial institutions (FIs), as well as AFS in the United States, Canada and Latin America. These FIs and AFS providers include banks, credit unions, prepaid card issuers, check cashers and payday lenders. CACHET FINANCIAL SOLUTIONS, INC. (OTCBB:CAFN) Recent Trading Information
CACHET FINANCIAL SOLUTIONS, INC. (OTCBB:CAFN) closed its last trading session 00.00 at 4.15 with 2,032 shares trading hands.