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 4, 2021 (November 2, 2021)
ALTISOURCE ASSET MANAGEMENT CORPORATION
(Exact name of Registrant as specified in its charter)
| U.S. Virgin Islands | 001-36063 | 66-0783125 | ||||||||||||
| (State or other jurisdiction of incorporation or organization) | (Commission File Number) | (I.R.S. Employer Identification No.) | ||||||||||||
5100 Tamarind Reef
Christiansted, U.S. Virgin Islands 00820
(Address of principal executive offices including zip code)
(704) 275-9113
(Registrant’s telephone number, including area code)
Not Applicable
(Former name or former address, if changed since last report)
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))
Securities registered or to be registered pursuant to Section 12(b) of the Act:
Title of each class | Trading Symbol(s) | Name of each exchange on which registered | ||||||
| Common stock, par value $0.01 per share | AAMC | NYSE American | ||||||
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter):
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
The Annual Meeting of Stockholders of Altisource Asset Management Corporation (the “Company”) was held on November 2, 2021 (the “Annual Meeting”). On the record date for the Annual Meeting (October 4, 2021), an aggregate of 2,055,561 shares of common stock were outstanding and entitled to vote at the Annual Meeting. The final results for each matter submitted to a vote of stockholders at the Annual Meeting were as follows:
(i)The following Directors were elected to serve until the Company's 2022 Annual Meeting of Stockholders and until their successors are duly elected and qualified by the following vote:
| Name | For | Against | Abstentions | Broker Non-Votes | ||||||||||||||||||||||
| Ricardo C. Byrd | 426,025 | 16,064 | 1,100 | 1,269,749 | ||||||||||||||||||||||
| John P. de Jongh, Jr. | 429,158 | 12,931 | 1,100 | 1,269,749 | ||||||||||||||||||||||
| John A. Engerman | 429,158 | 12,931 | 1,100 | 1,269,749 | ||||||||||||||||||||||
(ii)The appointment of Ernst & Young LLP as the Company's independent registered public accounting firm for the year ending December 31, 2021 was ratified by the following vote:
| For | Against | Abstentions | ||||||||||||
| 1,706,908 | 4,352 | 1,678 | ||||||||||||
(iii)The compensation of the Company’s named executive officers as disclosed in the proxy statement was approved, on an advisory basis, by the following vote:
| For | Against | Abstentions | Broker Non-Votes | |||||||||||||||||
| 1,055,504 | 2,366 | 12 | 1,269,749 | |||||||||||||||||
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
| Exhibit No. | Description | |||||||
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document). | |||||||
SIGNATURES
Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
| Altisource Asset Management Corporation | |||||||||||
| November 4, 2021 | By: | /s/ | Thomas K. McCarthy | ||||||||
| Thomas K. McCarthy | |||||||||||
| Interim Chief Executive Officer | |||||||||||