8-K
filed November 15, 2022, 6:59 PM ET
ticker CNVS
CIK 0001173204
other material
confidence high
sentiment positive
materiality 0.75
Cinedigm CEO reports FY2022 revenue up 78% to $56.1M, net income of $1.8M
Cineverse Corp.
- FY2022 streaming revenue +108%, ad-supported +147%; adjusted EBITDA $11M vs -$2.9M prior year.
- Terrifier 2 grossed >$10M at box office; drove Screambox subscriptions +295%.
- Q1 FY2023 streaming revenue +98%, ad-supported +131% on a two-year basis.
- No debt, $13M cash; Cineverse launched with 12,000+ titles as flagship streaming service.
- Expects sustainable profitability over next two quarters; no impact from Terrifier 2 in Q2.
Key facts
Extracted from this filing and checked against the source text.
Shareholder Votes
SEC 8-K Item 5.07
confidence 1.0
Cineverse Corp. shareholders approved To approve by non-binding vote, executive compensation. at the 2022-11-10 meeting.
- Proposal
- say on pay
- Outcome
- passed
- Meeting
- 2022-11-10
Exact text from the filing
Item 5.07 Submission of Matters to a Vote of Security Holders. (a) At the Annual Meeting of Stockholders of the Company held on November 10, 2022 (the “Annual Meeting”), the stockholders of the Company voted on four proposals. Proxies for the Annual Meeting were solicited pursuant to Regulation 14A under the Securities Exchange Act of 1934, as amended. There was no solicitation of proxies in opposition to management’s nominees as listed in the proxy statement and all of management’s nominees were elected to our Board of Directors. (b) Details of the voting are provided below: Proposal 1: To elect five (5) members of the Company’s Board of Directors to serve until the 2023 Annual Meeting of Stockholders (or until successors are elected or directors resign or are removed). Votes For Votes Withheld Broker Non-Votes Christopher J. McGurk 52,576,925 2,716,813 44,228,317 Ashok Amritraj 50,714,763 4,578,975 44,228,317 Peter C. Brown 44,697,385 10,596,353 44,228,317 Patrick W. O’Brien 51,037,4
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 1.0
Cineverse Corp. shareholders approved To ratify the appointment of EisnerAmper LLP as our independent auditors for the fiscal year ending March 31, 2023. at the 2022-11-10 meeting.
- Proposal
- auditor ratification
- Outcome
- passed
- Meeting
- 2022-11-10
Exact text from the filing
Item 5.07 Submission of Matters to a Vote of Security Holders. (a) At the Annual Meeting of Stockholders of the Company held on November 10, 2022 (the “Annual Meeting”), the stockholders of the Company voted on four proposals. Proxies for the Annual Meeting were solicited pursuant to Regulation 14A under the Securities Exchange Act of 1934, as amended. There was no solicitation of proxies in opposition to management’s nominees as listed in the proxy statement and all of management’s nominees were elected to our Board of Directors. (b) Details of the voting are provided below: Proposal 1: To elect five (5) members of the Company’s Board of Directors to serve until the 2023 Annual Meeting of Stockholders (or until successors are elected or directors resign or are removed). Votes For Votes Withheld Broker Non-Votes Christopher J. McGurk 52,576,925 2,716,813 44,228,317 Ashok Amritraj 50,714,763 4,578,975 44,228,317 Peter C. Brown 44,697,385 10,596,353 44,228,317 Patrick W. O’Brien 51,037,4
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 1.0
Cineverse Corp. shareholders approved To elect five (5) members of the Company’s Board of Directors to serve until the 2023 Annual Meeting of Stockholders (or until successors are elected or directors resign or are removed). at the 2022-11-10 meeting.
- Proposal
- director election
- Outcome
- passed
- Meeting
- 2022-11-10
Exact text from the filing
Item 5.07 Submission of Matters to a Vote of Security Holders. (a) At the Annual Meeting of Stockholders of the Company held on November 10, 2022 (the “Annual Meeting”), the stockholders of the Company voted on four proposals. Proxies for the Annual Meeting were solicited pursuant to Regulation 14A under the Securities Exchange Act of 1934, as amended. There was no solicitation of proxies in opposition to management’s nominees as listed in the proxy statement and all of management’s nominees were elected to our Board of Directors. (b) Details of the voting are provided below: Proposal 1: To elect five (5) members of the Company’s Board of Directors to serve until the 2023 Annual Meeting of Stockholders (or until successors are elected or directors resign or are removed). Votes For Votes Withheld Broker Non-Votes Christopher J. McGurk 52,576,925 2,716,813 44,228,317 Ashok Amritraj 50,714,763 4,578,975 44,228,317 Peter C. Brown 44,697,385 10,596,353 44,228,317 Patrick W. O’Brien 51,037,4
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 1.0
Cineverse Corp. shareholders approved To approve an amendment to the Company's 2017 Equity Incentive Plan to increase the total number of shares of Class A Common Stock available for issuance thereunder. at the 2022-11-10 meeting.
- Proposal
- equity plan
- Outcome
- passed
- Meeting
- 2022-11-10
Exact text from the filing
Item 5.07 Submission of Matters to a Vote of Security Holders. (a) At the Annual Meeting of Stockholders of the Company held on November 10, 2022 (the “Annual Meeting”), the stockholders of the Company voted on four proposals. Proxies for the Annual Meeting were solicited pursuant to Regulation 14A under the Securities Exchange Act of 1934, as amended. There was no solicitation of proxies in opposition to management’s nominees as listed in the proxy statement and all of management’s nominees were elected to our Board of Directors. (b) Details of the voting are provided below: Proposal 1: To elect five (5) members of the Company’s Board of Directors to serve until the 2023 Annual Meeting of Stockholders (or until successors are elected or directors resign or are removed). Votes For Votes Withheld Broker Non-Votes Christopher J. McGurk 52,576,925 2,716,813 44,228,317 Ashok Amritraj 50,714,763 4,578,975 44,228,317 Peter C. Brown 44,697,385 10,596,353 44,228,317 Patrick W. O’Brien 51,037,4
View on SEC.gov
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