SNAP INTERACTIVE, INC. (OTCMKTS:STVID) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

SNAP INTERACTIVE, INC. (OTCMKTS:STVID) 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 Departure of Directors or Certain Officers;
Election of Directors; Appointment of Certain Officers;
Compensatory Arrangements of Certain Officers
.

Amendment to Long Term Incentive Plan

On April 10, 2017, the Board of Directors (the
Board) of Snap Interactive, Inc. (the
Company), subject to stockholder
approval, adopted the First Amendment to Snap Interactive, Inc.
Long Term Incentive Plan (the 2016 Plan
Amendment
), which was approved by the Companys
stockholders at its 2017 Annual Meeting of Stockholders held on
May 25, 2017 (the Annual Meeting). The
2016 Plan Amendment (i) increases the number of shares of common
stock issuable under the Snap Interactive, Inc. 2016 Long Term
Incentive Plan (the 2016 Plan) from
428,572 shares to 1,300,000 shares and (ii) reapproves the
performance goals under the 2016 Plan.

The foregoing description of the 2016 Plan Amendment does not
purport to be complete and is qualified in its entirety by
reference to the 2016 Plan Amendment, a copy of which is filed as
Exhibit 10.1 to this Current Report on Form 8-K and is
incorporated by reference herein.

Item 5.07 Submission of Matters to a
Vote of Security Holders

Set forth below are the final results of the voting at the Annual
Meeting:

1. Proposal to elect (i) Yoram Rami Abada, (ii)
Alexander Harrington, (iii) Jason Katz, (iv) Lance Laifer,
(v) Clifford Lerner, (vi) Michael Levit and (vii) John
Silberstein to the Board, each to serve until the 2018 Annual
Meeting of Stockholders or until their successors are elected
and qualified.
Number of Shares
Nominees For Withheld Broker Non-Votes
Yoram Rami Abada 4,310,208 24,563 286,888
Alexander Harrington 4,285,561 49,210 286,888
Jason Katz 4,285,847 48,924 286,888
Lance Laifer 4,311,194 23,577 286,888
Clifford Lerner 4,285,282 49,489 286,888
Michael Levit 4,310,785 23,986 286,888
John Silberstein 4,285,604 49,167 286,888
2. Proposal to approve the 2016 Plan Amendment.
Number of Shares
For 4,278,693
Against 55,359
Abstain
Broker Non-Votes 286,888

3. Proposal to approve an amendment to the Companys
certificate of incorporation to increase the total number of
shares of common stock authorized for issuance to 25,000,000
shares.
Number of Shares
For 4,492,460
Against 12,841
Abstain 1,794
Broker Non-Votes
4. Proposal to ratify the appointment of Marcum LLP as
the Companys independent registered public accounting
firm.
Number of Shares
For 4,607,024
Against 12,841
Abstain 1,794
Broker Non-Votes

Each of the proposals acted upon by the Companys stockholders at
the Annual Meeting received a sufficient number of votes to be
approved.

Section 9 Financial Statements and
Exhibits

Item 9.01. Financial Statements and
Exhibits.

(d) Exhibits

Exhibit No. Description
10.1 First Amendment to Snap Interactive, Inc. 2016 Long Term
Incentive Plan.


About SNAP INTERACTIVE, INC. (OTCMKTS:STVID)

Snap Interactive, Inc. operates a portfolio of dating applications. The Company’s dating applications include FirstMet and The Grade. The Company provides an online dating application under the FirstMet brand that is native on Facebook, iPhone operating systems (iOS) and Android platforms, and is also accessible on mobile devices and desktops at FirstMet.com. The FirstMet application is available to users and active subscribers. The Company’s online dating application under The Grade brand is native on iOS and Android. The Grade is a mobile dating application that holds users accountable to a standard of behavior by using an algorithm that assigns letter grades to users ranging from A+ to F, based on profile quality, messaging quality and reviews from other users of the application. Users with a grade of D receive a warning and instructions on how to improve their grade, while users failing to improve an F grade are at risk of expulsion.

SNAP INTERACTIVE, INC. (OTCMKTS:STVID) Recent Trading Information

SNAP INTERACTIVE, INC. (OTCMKTS:STVID) closed its last trading session up +0.22 at 3.60 with shares trading hands.

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