InsPro Technologies Corporation (OTCMKTS:ITCC) Files An 8-K Submission of Matters to a Vote of Security HoldersItem 5.07.
InsPro Technologies Corporation (the “Company”) held its Annual Meeting of Stockholders (the “Annual Meeting”) on August 15, 2018.
The following matters, all of which were set forth in the Company’s definitive proxy statement on Schedule 14A, as filed with the Securities and Exchange Commission on July 3, 2018, were voted on at the Annual Meeting. The results of such voting are as indicated below.
| 1. | Election of the nominees listed below to serve on the Board of Directors of the Company until the next annual meeting of stockholders and until his or her successor is elected, or until the director’s earlier death, resignation or removal: |
| Nominee | For | Withheld |
| David M. Anderson | 153,785,492 | 98,950 |
| Michael Azeez | 153,810,492 | 73,950 |
| Donald R. Caldwell | 153,648,646 | 235,796 |
| Kenneth Harvey | 153,729,285 | 155,157 |
| Alan Krigstein | 153,729,285 | 155,157 |
| Sanford Rich | 153,810,492 | 73,950 |
| L.J. Rowell | 153,754,285 | 130,157 |
| Frederick Tecce | 153,704,853 | 179,589 |
| Anthony R. Verdi | 153,810,492 | 73,950 |
| Edmond J. Walters | 153,810,492 | 73,950 |
| 2. | Ratification of the appointment of Assurance Dimensions, Inc. as the Company’s independent registered public accountants for the fiscal year ending December31, 2018 |
| For | Against | Abstain |
| 161,666,156 | 317,862 | 8,024,251 |
| 3. | Stockholders vote on the following resolution. “RESOLVED, that InsPro Technologies Corporation’s stockholders approve an amendment to the Company’s certificate of incorporation, as amended, to increase the number of authorized shares of common stock from 500,000,000 shares to 750,000,000”. |
| For | Against | Abstain |
| 159,640,934 | 2,182,769 | 8,184,566 |
There were 16,123,827 broker non-votes with respect to the election of directors. There were no broker non-votes with respect to the proposal to ratify the appointment of Assurance Dimensions, Inc. as the Company’s independent registered public accountants for the fiscal year ending December 31, 2018 and with respect to the proposal to the Stockholders vote on the resolution to approve an amendment to the Company’s certificate of incorporation, as amended, to increase the number of authorized shares of common stock from 500,000,000 shares to 750,000,000”.
On the basis of the above votes, (i) all nominees listed above were elected to serve on the Board of Directors of the Company until the next annual meeting of stockholders and until his or her successor is elected, or until the director’s earlier death, resignation or removal; (ii) the proposal to ratify the selection of Assurance Dimensions, Inc. as the Company’s independent registered public accountants for the fiscal year ending December 31, 2018 and (iii) the resolution that InsPro Technologies Corporation’s stockholders approve an amendment to the Company’s certificate of incorporation, as amended, to increase the number of authorized shares of common stock from 500,000,000 shares to 750,000,000; were each adopted.
About InsPro Technologies Corporation (OTCMKTS:ITCC)
InsPro Technologies Corporation is a technology company. The Company provides, InsPro Enterprise, which is a software application used by insurance administrators in the insurance industry. InsPro Enterprise is a Web-based insurance administration software application. InsPro Enterprise clients include insurance carriers and third-party administrators. The Company markets InsPro Enterprise as a licensed software application. The Company offers InsPro Enterprise on both a licensed and an application service provider (ASP) basis. InsPro Enterprise is an insurance administration and marketing system that supports group and individual business lines, and processes agent, direct market, worksite and Website generated business. The Company conducts its operations through its subsidiary, InsPro Technologies, LLC (InsPro Technologies). InsPro Enterprise has a design, which enables the customer to purchase only the functionality needed.