LEGACY EDUCATION ALLIANCE, INC. (OTCMKTS:LEAI) 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
Three proposals described fully in the 2017 Proxy Statement of
Legacy Education Alliance, Inc. (the Company) were presented for
approval at the Companys 2017 Annual Meeting of Stockholders (the
Annual Meeting) held on May 31, 2017. As of the record date
22,630,927 shares of common stock were outstanding and entitled
to vote at the Annual Meeting. At the Annual Meeting, 16,823,634
shares of common stock were represented in person or by proxy;
therefore, a quorum was present.
The stockholders of the Company voted on the following three
matters:
Proposal 1: Election of Directors
There were four directors standing for election at the Annual
Meeting. The following persons were nominated and elected to
serve as directors of the Company until the 2018 Annual Meeting
of Stockholders: James K. Bass, Anthony C. Humpage, Peter W.
Harper, and Cary Sucoff. The voting results for each nominee were
as follows:
| Director | For | Withheld | Broker Non-Votes | |||||||||
| James K. Bass | 8,633,053 | 6,376,970 | 1,813,611 | |||||||||
| Anthony C. Humpage | 8,506,023 | 6,504,000 | 1,813,611 | |||||||||
| Peter W. Harper | 8,633,153 | 6,376,870 | 1,813,611 | |||||||||
| Cary Sucoff | 8,608,153 | 6,401,870 | 1,813,611 |
Proposal 2: Ratification of the Appointment of
Independent Registered Public Accounting Firm
The proposal to ratify the appointment of MaloneBailey, LLP as
the Company’s independent registered public accounting firm to
audit the consolidated financial statements of the Company for
the year ending December 31, 2017, as disclosed in the 2017 Proxy
Statement, received the following votes:
| For | Against | Abstentions | Broker Non-Votes | |||||||||||
| 14,227,095 | 2,354,150 | 242,389 |
Proposal 3: Advisory Vote to Approve Executive
Compensation
The proposal to approve, on a non-binding, advisory basis, the
compensation of the Company’s named executive officers, as
disclosed in the 2017 Proxy Statement, received the following
votes:
| For | Against | Abstentions | Broker Non-Votes | |||||||||||
| 7,857,236 | 6,543,388 | 609,399 | 1,813,611 |
About LEGACY EDUCATION ALLIANCE, INC. (OTCMKTS:LEAI)
Legacy Education Alliance, Inc., formerly Priced In Corp., is a provider of educational training on the topics of personal finance, entrepreneurship, real estate and financial markets investing strategies and techniques. The Company operates through four segments: the United States (U.S.), Canada, the United Kingdom (U.K.) and Other foreign markets. The Company’s programs are offered through a range of formats and channels, including free-preview workshops, basic training classes, symposiums, telephone mentoring, one-on-one mentoring, coaching and e-learning, mainly under the Rich Dad Education brand (Rich Dad). In addition to Rich Dad, the Company markets its products and services under a range of brands, including Martin Roberts, The Independent Woman, Women in Wealth and Brick Buy Brick. Its products and services are offered in the United States, Canada, the United Kingdom and other international markets.
