NEW YORK – Manhattan Bridge Capital, Inc. (NASDAQ:LOAN), a real estate investment trust, reported on Thursday the outcomes of its 2024 Annual Meeting of Shareholders held on the same day. Shareholders voted on two key proposals, including the election of directors and the appointment of the company's independent auditors for the upcoming fiscal year.
In the election of directors, shareholders cast their votes to elect six individuals to the company's board. Assaf Ran, also the President and CEO of the company, received 4,578,151 votes for his election, with 215,771 withheld and 3,592,113 broker non-votes.
Lyron Bentovim, Eran Goldshmit, Michael Jackson, Vanessa Kao, and Phillip Michals were the other directors elected, with varying numbers of votes for, withheld, and broker non-votes.
The second proposal was an advisory vote to approve the appointment of Hoberman & Lesser, LLP as the company's independent auditors for the fiscal year ending December 31, 2024. This proposal received a significant majority of votes in favor, with 8,065,464 votes for, 191,232 against, and 129,339 abstentions.
These results reflect the shareholders' decisions on the matters presented at the 2020 Annual Meeting. Manhattan Bridge Capital specializes in providing short-term, secured, and non-banking loans to real estate investors to fund their acquisition and construction of properties located in the New York Metropolitan area.
The company's SEC filing, which provides these details, is based on the company's own statements and represents the official record of the shareholder meeting outcomes. The filing does not include any speculative or forward-looking statements and is intended to provide transparency about the company's governance and shareholder engagement.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.