8-K
filed June 27, 2023, 7:59 PM ET
ticker AUID
CIK 0001534154
other material
confidence high
sentiment neutral
materiality 0.65
authID shareholders approve 1-for-8 reverse stock split; split effective July 7, 2023
authID Inc.
- Shareholders approved amendment to effect reverse stock split at ratio of 1-for-8, set by board on June 26, 2023.
- Reverse split effective July 7, 2023 at 5:30pm; no fractional shares, rounding up to whole share.
- Shareholders also approved additional 2.9M shares for 2021 Equity Incentive Plan.
- Seven director nominees elected, including CEO Rhoniel A. Daguro.
- Ratified Cherry Bekaert LLP as independent auditor for FY2023.
Key facts
Extracted from this filing and checked against the source text.
Governance Changes
SEC 8-K Item 5.03/5.05/5.06
confidence 0.9
authID Inc.: Approved amendment to Amended and Restated Certificate of Incorporation to effect a 1-for-8 reverse stock split (effective 2023-07-07).
- Change
- charter amendment
- Effective
- 2023-07-07
Exact text from the filing
On June 26, 2023, the Company filed a Certificate of Amendment to its Amended and Restated Certificate of Incorporation (the “Amendment”) with the Secretary of State of the State of Delaware implementing the Reverse Split. The Amendment will become effective on July 7, 2023 at 5:30pm.
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
authID Inc. shareholders approved Ratified the appointment of Cherry Bekaert LLP as the Company's independent auditors for the fiscal year ending December 31, 2023 at the 2023-06-26 meeting.
- Proposal
- auditor ratification
- Outcome
- passed
- Meeting
- 2023-06-26
Exact text from the filing
Ratified the appointment of Cherry Bekaert LLP as the Company’s independent auditors for the fiscal year ending December 31, 2023. This matter was determined based on majority of the votes cast. For Against Abstain 15,694,100 2,407,950 335,973
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
authID Inc. shareholders approved Approved an amendment to the Company's Amended and Restated Certificate of Incorporation to effect a reverse stock split at a ratio not less than 1-for-2 and not greater than 1-for-50 at the 2023-06-26 meeting.
- Proposal
- reverse split
- Outcome
- passed
- Meeting
- 2023-06-26
Exact text from the filing
Approved an amendment to the Company’s Amended and Restated Certificate of Incorporation to effect a reverse stock split at a ratio not less than 1-for-2 and not greater than 1-for-50, with the exact ratio to be set within that range at the discretion of the Company’s board of directors before June 30, 2024 without further approval or authorization of the Company’s stockholders.
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
authID Inc. shareholders approved Election of seven directors at the 2023-06-26 meeting.
- Proposal
- director election
- Outcome
- passed
- Meeting
- 2023-06-26
Exact text from the filing
The following directors were elected to the board. For Withheld Rhoniel A. Daguro 14,020,268 11,920 Joseph Trelin 14,017,486 14,702 Ken Jisser 13,967,192 64,996 Michael L. Koehneman 13,657,239 374,949 Thomas R. Szoke 13,631,780 400,408 Michael C. Thompson 13,687,334 344,854 Jacqueline L. White 13,687,123 345,065
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
authID Inc. shareholders approved Approved an additional 2,900,000 shares of common stock for issuance under the 2021 Equity Incentive Plan at the 2023-06-26 meeting.
- Proposal
- equity plan
- Outcome
- passed
- Meeting
- 2023-06-26
Exact text from the filing
Approved an additional 2,900,000 shares of common stock for issuance under the 2021 Equity Incentive Plan. For Against Abstain 12,438,553 1,097,641 495,994
View on SEC.gov
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