View:
Download DOC
Download PDF
Download XLS
Download XBRL
8-K
false000172011600017201162022-05-252022-05-25

 

 

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, DC 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): May 25, 2022

_________________

RED VIOLET, INC.

(Exact name of Registrant as specified in its charter)

_________________

Delaware

(State or other jurisdiction of incorporation or organization)

 

001-38407

(Commission

File Number)

 

82-2408531

(I.R.S. Employer
Identification Number)

 

2650 North Military Trail, Suite 300, Boca Raton, FL 33431
(Address of principal executive offices) (Zip Code)

561-757-4000
(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 (see General Instruction A.2. below):

☐ 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 pursuant to Section 12(b) of the Act:

Title of each class

Trading Symbol (s)

Name of each exchange on which registered

Common Stock, $0.001 par value per share

RDVT

The NASDAQ Stock Market LLC

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 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

The information set forth under Item 5.07 is incorporated herein by reference.

Item 5.07 Submission of Matters to a Vote of Security Holders.

On May 25, 2022, Red Violet, Inc. (the “Company”) held its Annual Meeting for 2022. At the Annual Meeting, the total number of shares represented in person or by proxy was 9,705,579 of the 13,523,067 shares of Common Stock outstanding and entitled to vote at the Annual Meeting as of the record date, April 12, 2022. The following matters were voted upon at the Annual Meeting:

1.
Election of Directors. The following named persons were elected as Directors of the Company to serve until the next Annual Meeting of Stockholders in 2023 or until their successors are elected and qualified. The votes cast were as follows:

 

Director Nominee

 

For

 

Vote Withheld

 

Broker Non-Vote

 

 

 

 

 

 

 

 

 

Derek Dubner

 

8,267,056

 

9,932

 

1,428,591

 

 

 

 

 

 

 

 

 

Peter Benz

 

8,140,108

 

136,880

 

1,428,591

 

 

 

 

 

 

 

 

 

Steven Rubin

 

5,182,606

 

3,094,382

 

1,428,591

 

 

 

 

 

 

 

 

 

Lisa Stanton

 

8,268,423

 

8,565

 

1,428,591

 

 

 

 

 

 

 

 

 

Robert Swayman

 

8,140,107

 

136,881

 

1,428,591

 

 

2.
Ratification of Independent Public Accounting Firm for 2022. The stockholders voted to ratify the appointment of Grant Thornton, LLP as the independent registered public accounting firm for the Company for the year ending December 31, 2022. The stockholder vote was as follows:

 

 

For

 

Against

 

Abstain

 

Broker Non-Vote

 

9,705,185

 

309

 

85

 

0

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

3.
Amendment to Red Violet, Inc. 2018 Stock Incentive Plan (the “Plan"). The stockholders voted to approve an increase to the number of shares available for issuance under the Plan from 4,500,000 shares of Common Stock to 6,500,000 shares of Common Stock.

 

 

For

 

Against

 

Abstain

 

Broker Non-Vote

 

6,611,311

 

1,657,626

 

8,051

 

1,428,591

 

 

 

 

 

 

 

 

 

A summary of the Amendment to the Plan is included in the Company’s definitive proxy statement filed with the Securities and Exchange Commission on April 22, 2022 under “Proposal 3: Stock Incentive Plan Amendment Proposal,” which summary is incorporated herein by reference. A copy of the Amendment is filed as Exhibit 10.1 hereto and incorporated herein by reference.

 

 

 

 

4.
Say on Pay. The stockholders voted to approve, on an advisory basis, the Company’s named executive officers’ compensation for 2021, as described in the proxy statement for the Annual Meeting in accordance with Regulation S-K, Item 402. The stockholder vote was as follows:

 

 

For

 

Against

 

Abstain

 

Broker Non-Vote

 

6,583,838

 

1,690,157

 

2,993

 

1,428,591

 

 

 

 

 

 

 

 

 

Item 9.01 Financial Statements and Exhibits

(d) Exhibits.

10.1

Amendment to Red Violet, Inc. 2018 Stock Incentive Plan+

104

Cover page Interactive Data File (embedded within the inline XBRL file).

+ Management contract or compensatory plan or arrangement.

 

 

 

 

 

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

 

 

 

 

 

 

 

 

 

 

 

Red Violet, Inc.

 

 

 

Date: May 26, 2022

 

By:

 

/s/ Derek Dubner

 

 

 

 

Derek Dubner

 

 

 

 

Chief Executive Officer (Principal Executive Officer)

 

 

 

 

 

 

 
EX-10.1

Exhibit 10.1

AMENDMENT TO THE

RED VIOLET, INC.

2018 STOCK INCENTIVE PLAN

WHEREAS, Red Violet, Inc., a Delaware corporation (the “Company”) currently maintains and sponsors the Red Violet, Inc. 2018 Stock Incentive Plan, as amended (the “Plan”); and

WHEREAS, Section 14(l) of the Plan provides that the Board of the Directors of the Company (“Board”) may amend the Plan from time to time; and

WHEREAS, the Board has determined it to be in its best interests to amend the Plan as set forth herein; and

NOW, THEREFORE, effective upon the Company’s Stockholders’ approval as set forth in Section 14(l) of the Plan, the following amendment to the Plan is hereby adopted:

Section 5(a) of the Plan shall be amended and restated to read as follows:

“(a) Shares Available for Awards. The Common Stock that may be issued pursuant to Awards granted under the Plan shall be treasury shares or authorized but unissued shares of the Common Stock. The total number of shares of Common Stock that may be issued pursuant to Awards granted under the Plan shall be 6,500,000 shares. A maximum of 6,500,000 shares of Red Violet stock may be subject to grants of Incentive Stock Options.”

Except as modified by this Amendment, all of the terms and conditions of the Plan shall remain valid and in full force and effect.

IN WITNESS WHEREOF, the undersigned, a duly authorized officer of the Company, has executed this instrument as of the 25th day of May 2022, on behalf of the Company.

 

RED VIOLET, INC.

 

 

 

By

 

/s/ Daniel MacLachlan

 

 

 

 

 

 

 

 

 

Name

 

Daniel MacLachlan

 

 

 

 

 

 

Title

 

Chief Financial Officer