secwatch.observer — SEC 8-K summary
======================================

Issuer:     CareCloud, Inc. (CCLD)
CIK:        0001582982
Form:       8-K
Filed at:   2024-08-23T23:59:59+00:00
Accession:  0001493152-24-033752
Event type: other_material
Sentiment:  neutral
Materiality: 0.55
Item codes: 5.07, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

CareCloud adjourns Series A preferred special meeting; 89% proxies vote for preferred stock amendment
--------------------------------------------------------------------------------

- 89% of proxies returned support amendment to Series A preferred certificate; proposal needs two-thirds vote for passage.
- Special meeting adjourned to Sept 11, 2024, 11:00 AM ET; 87.8% of required 3.02M proxy votes already received.
- If approved, Series A preferred would gain change-of-control protections, dividend matching Series B, and exchange right at $25/share.
- Adjournment proposal passed with 2,658,360 for, 272,374 against, 57,105 abstain from 66% of outstanding shares.
- Glass Lewis recommended 'for' vote; company optimistic but notes unvoted shares count as 'no' votes.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1582982/000149315224033752/0001493152-24-033752-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1582982/000149315224033752/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-033752

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer