Current Report Filing (8-k)

Date : 12/03/2018 @ 9:03PM
Source : Edgar (US Regulatory)
Stock : Asta Funding Inc (ASFI)
Quote : 10.3927  0.0327 (0.32%) @ 8:59PM

Current Report Filing (8-k)



 

 

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

 


 

FORM 8-K

 


 

CURRENT REPORT

 

Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934

 

Date of report (Date of earliest event reported): November 30, 2018

 


 

 

ASTA FUNDING, INC.

(Exact n ame of r egistrant as s pecified in its c harter)

 


 

Delaware

001-35637

22-3388607

(State or Other Jurisdiction
of Incorporation)

(Commission
File Number)

(IRS Employer
Identification No.)

     

210 Sylvan Avenue, Englewood Cliffs, New Jersey

07632

(Address of principal executive offices)

(Zip Code)

 

Registrant s t elephone n umber, including a rea c ode : 201-567-5648

     

Not Applicable

(Former n ame or f ormer a ddress, i f c hanged s ince l ast r eport)

 

 

 


 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 or Rule 12b-2 of the Securities Exchange Act of 1934.

 

Emerging growth company ☐

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

 

 



 

 

 

 

Item 5.07

Submission of Matters to a Vote of Security Holders

 

At the annual meeting (“the Annual Meeting”) of stockholders of Asta Funding, Inc. (the “Company”) held on November 30, 2018, the holders of our outstanding stock took the actions described below. As of the record date, October 11, 2018, for the Annual Meeting, 6,685,415 shares of common stock were issued and outstanding, each entitled to one vote per share.

 

1.     The stockholders elected Gary Stern, David Slackman, Timothy Bishop, Mark Levenfus and Louis A. Piccolo to serve on our Board of Directors until the next annual meeting of stockholders and until their successors are duly elected and qualified. The results of the voting are as follows:

 

   

For

   

Withheld

   

Broker Non-Votes

 

Gary Stern

    3,835,352       102,667       1,530,767  

David Slackman

    3,833,046       104,973       1,530,767  

Timothy Bishop

    3,830,450       107,569       1,530,767  

Mark Levenfus

    3,832,934       105,085       1,530,767  

Louis A. Piccolo

    3,832,976       105,043       1,530,767  

 

2.     The stockholders also approved a proposal to ratify the selection of EisnerAmper LLP as our independent registered public accounting firm for the 2018 fiscal year. The voting results for this proposal are as follows:

 

Voted For

   

Voted Against

   

Abstentions

   

Broker Non-Votes

 
5,413,985       28,938       25,463        

 

3.     The stockholders also approved, on a non-binding, advisory basis, the compensation of our named executive officers. The voting results for this proposal are as follows:

 

Voted For

   

Voted Against

   

Abstentions

   

Broker Non-Votes

 
3,906,633       28,426       2,960       1,530,767  

 

4.     The stockholders also approved, on a non-binding, advisory basis, the frequency of future advisory votes on the compensation of our named executive officers to occur every three years. The voting results for this proposal are as follows:

 

Every year

   

Every Two Years

   

Every Three Years

   

Abstentions

   

Broker Non-Votes

 
236,694       60,531       3,639,433       1,360       1,530,368  

 

Additional information about these proposals can be found in the Company’s Proxy Statement for the Annual Meeting filed with the Securities and Exchange Commission on October 29, 2018.

 

- 2 -

 

 

SIGNATURE

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorized.

 

 

ASTA FUNDING, INC.

 

 

 

 

 

 

 

 

 

Date: December 3, 2018

By:

/s/  Gary Stern

 

 

 

Gary Stern

 

 

 

Chief Executive Officer

 

 

- 3 -

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