8-K
filed July 3, 2023, 7:59 PM ET
ticker ABX
CIK 0001814287
M&A
confidence high
sentiment neutral
materiality 0.85
East Resources completes business combination with Abacus Life; ticker changes to ABL on July 5
Abacus Global Management, Inc.
- Shareholders approved the merger on June 29 with 10.8M votes for, 12k against (94% quorum).
- Deal closed July 3; ERES renamed Abacus Life, Inc. and will trade under ABL/ABLLW on Nasdaq.
- CEO Jay Jackson says capital raised and public market access will support growth and scaling.
- Seven new directors elected; governance changes approved including blank-check provisions removal.
Key facts
Extracted from this filing and checked against the source text.
Shareholder Votes
SEC 8-K Item 5.07
confidence 1.0
Abacus Global Management, Inc. shareholders approved To vote upon a proposal to approve and adopt the Abacus Life, Inc. 2023 Long-Term Equity Compensation Incentive Plan in the form attached to the Proxy Statement. at the 2023-06-29 meeting.
- Proposal
- equity plan
- Outcome
- passed
- Meeting
- 2023-06-29
Exact text from the filing
6. The Incentive Plan Proposal – To vote upon a proposal to approve and adopt the Abacus Life, Inc. 2023 Long-Term Equity Compensation Incentive Plan in the form attached to the Proxy Statement. For Against Abstain 10,777,010 8,710 1,000
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 1.0
Abacus Global Management, Inc. shareholders approved To vote upon, on a non-binding advisory basis, a separate proposal with respect to certain governance provisions in the Proposed Charter in accordance with SEC requirements to (i) change the authorized capital stock and (ii) remove the blank check company provisions. at the 2023-06-29 meeting.
- Proposal
- say on pay
- Outcome
- passed
- Meeting
- 2023-06-29
Exact text from the filing
3. The Governance Proposal - To vote upon, on a non-binding advisory basis, a separate proposal with respect to certain governance provisions in the Proposed Charter in accordance with SEC requirements to (i) change the authorized capital stock and (ii) remove the blank check company provisions. For Against Abstain 10,774,650 12,070 0
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 1.0
Abacus Global Management, Inc. shareholders approved To vote upon a proposal to elect seven directors to serve on the board of directors of the post-combination company until the 2024 annual meeting of stockholders, in the case of Class I directors, the 2025 annual meeting of stockholders, in the case of Class II directors, and the 2026 annual meeting at the 2023-06-29 meeting.
- Proposal
- director election
- Outcome
- passed
- Meeting
- 2023-06-29
Exact text from the filing
4. The Director Election Proposal – To vote upon a proposal to elect seven directors to serve on the board of directors of the post-combination company until the 2024 annual meeting of stockholders, in the case of Class I directors, the 2025 annual meeting of stockholders, in the case of Class II directors, and the 2026 annual meeting of stockholders, in the case of Class III directors. a. Adam Gusky, as Class I director For Against Abstain 8,625,000 0 0 b. Sean McNealy, as Class I director For Against Abstain 8,625,000 0 0 c. Cornelis Michiel van Katwijk, as Class II director For Against Abstain 8,625,000 0 0 d. Mary Beth Schulte, as Class II director For Against Abstain 8,625,000 0 0 e. Karla Radka, as Class II director For Against Abstain 8,625,000 0 0 f. Thomas W. Corbett, Jr., as Class III director For Against Abstain 8,625,000 0 0 g. Jay Jackson, as Class III director For Against Abstain 8,625,000 0 0
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 1.0
Abacus Global Management, Inc. shareholders approved To approve and adopt the Merger Agreement and the transactions contemplated thereby. at the 2023-06-29 meeting.
- Proposal
- merger approval
- Outcome
- passed
- Meeting
- 2023-06-29
Exact text from the filing
The voting results for the proposals voted on at the Special Meeting are set forth below: 1. The Business Combination Proposal – To approve and adopt the Merger Agreement and the transactions contemplated thereby. For Against Abstain 10,774,650 12,070 0
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 1.0
Abacus Global Management, Inc. shareholders approved To adopt the Second Amended and Restated Certificate of Incorporation of ERES in the form attached to the Proxy Statement (the " Proposed Charter "). at the 2023-06-29 meeting.
- Proposal
- charter amendment
- Outcome
- passed
- Meeting
- 2023-06-29
Exact text from the filing
Holders of Common Stock For Against Abstain 10,774,650 12,070 0
View on SEC.gov
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