SharpSpring, Inc. (NASDAQ:SHSP) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
Item 5.02
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Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. |
(e) Amendment of 2010 Employee Stock Plan
At the 2017 Annual Meeting of Stockholders (the Annual
Meeting) of SharpSpring, Inc. (the
Company) held on Thursday, June 1, 2017, the
Companys stockholders approved an amendment to the Companys 2010
Employee Stock Plan (the Plan) primarily to
increase the number of shares of common stock available for
future issuance under the Plan from 1,650,000 to 1,950,000. The
Companys Board of Directors and Compensation Committee of the
Board of Directors previously approved the amendment to the Plan,
subject to stockholder approval. The Companys executive officers
are eligible to participate in the Plan. A summary of the Plan is
set forth in the Companys definitive proxy statement for the
Annual Meeting filed with the Securities and Exchange Commission
on May 1, 2017. A copy of the amendment to the Plan is filed with
the Proxy Statement.
| Item 5.07 |
Submission of Matters to a Vote of Security Holders |
The 2017 Annual Meeting of Stockholders (the Annual
Meeting) of SharpSpring, Inc. (the
Company) was held on Thursday, June 1, 2017. As
of the close of business on April 20, 2017, the Company had
outstanding 8,371,547 shares of common stock, of which 7,069,621
shares were represented at the meeting by proxy and in person;
accordingly, a quorum was constituted. The matters voted upon and
the final results of the voting were as follows:
Proposal 1: Election of Directors
The following persons were elected to the Board of Directors to
serve until the 2018 Annual Meeting of Stockholders or until
their successors have been duly elected or appointed and
qualified:
| Votes | Votes | Broker | ||||||||||
| Name | For | Withheld | Non-votes | |||||||||
| Semyon Dukach | 4,248,819 | 1,127,417 | 1,693,385 | |||||||||
| Richard Carlson | 3,087,883 | 2,288,353 | 1,693,385 | |||||||||
| John (Rens) Troost | 3,450,585 | 1,925,651 | 1,693,385 | |||||||||
| David A. Buckel | 3,457,585 | 1,918,651 | 1,693,385 | |||||||||
| Steven A. Huey | 5,369,118 | 7,118 | 1,693,385 | |||||||||
Proposal 2: Ratify Cherry Bekaert LLP as the Companys
Independent Registered Public Accounting Firm
The following votes were cast with respect to Proposal 2. The
proposal was approved.
| Broker | ||||||||||||||
| For | Against | Abstain | Non-votes | |||||||||||
| 6,696,987 | 3,244 | 369,390 | – | |||||||||||
Proposal 3: Approve an increase the number of shares of
common stock available for issuance under the Companys 2010
Employee Stock Plan to 1,950,000
The following votes were cast with respect to Proposal 3. The
proposal was approved.
| Broker | ||||||||||||||
| For | Against | Abstain | Non-votes | |||||||||||
| 5,745,973 | 779,169 | 210,911 | 333,568 | |||||||||||
Item 8.01 Other Events.
Designation of Executive Officers for Section 16
Purposes
On June 2, 2017 the Companys Board of Directors evaluated the
designations of its current executive officers (as that term is
defined under Rule 3b-7 under the Exchange Act) and designated
the following persons as the sole executive officers of the
registrant:
| Name | Office | |
| Richard Carlson | Chief Executive Officer; President; Secretary | |
| Edward S. Lawton | Chief Financial Officer | |
| Travis Whitton | Chief Technology Officer |
About SharpSpring, Inc. (NASDAQ:SHSP)
SharpSpring, Inc., formerly SMTP, Inc., is a cloud-based marketing technology company. The Company’s SharpSpring marketing automation platform uses features, such as Web tracking, lead scoring and automated workflow to enable businesses deliver messages to the customers. The SharpSpring marketing automation solution offers digital marketing tools to small and medium-sized businesses and is primarily sold to marketing agencies using the platform on behalf of their clients. The Company offers a SMTP relay product, which is designed to send high volumes of e-mail messages. The Company offers the GraphicMail e-mail campaign management solution to customers globally. The GraphicMail platform is focused on e-mail, social and mobile marketing and is used by companies wishing to communicate with a list of subscribers or customers. The Company’s platform is used by agencies, agency clients and direct end users.