The OLB Group Inc. filed SEC Form 8-K: Submission of Matters to a Vote of Security Holders
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Item 5.07. Submission of Matters to a Vote of Security Holders.
At the Annual Meeting of Stockholders (the “Annual Meeting”) of The OLB Group, Inc. (the “Company”), commenced on December 27, 2024, the stockholders of the Company approved the election of directors and the three proposals listed below. Each outstanding share of Common Stock was entitled to one vote on the matters presented at the Annual Meeting and each share of Preferred Stock was entitled to 11.110 votes (for a total of 11,344 eligible votes) on the matters presented at the Annual Meeting. The final results for the votes regarding each proposal are set forth in the following tables. Each of these proposals is described in detail in the Company’s Proxy Statement.
1. Elect four members of the Board of Directors, each to serve for a one-year term:
| COMMON SHARES FOR | PREFERRED SHARES FOR | COMMON SHARES WITHHELD | COMMON SHARES BROKER NON-VOTE | |||||||||||||
| Ronny Yakov | 870,138 | 1,021 | 20,776 | 317,598 | ||||||||||||
| Amir Sternhell | 862,098 | 1,021 | 28,816 | 317,598 | ||||||||||||
| Ehud Ernst | 870,110 | 1,021 | 20,804 | 317,598 | ||||||||||||
| Alina Dulimof | 862,968 | 1,021 | 27,946 | 317,598 | ||||||||||||
2. Ratify the appointment by the Board of RBSM, LLP as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2024:
| COMMON SHARES FOR | PREFERRED SHARES FOR | COMMON SHARES AGAINST | COMMON SHARES ABSTAIN |
COMMON SHARES BROKER NON-VOTE | ||||
| 1,132,044 | 1,021 | 73,212 | 3,256 | 0 |
3. Approval of the Second Amended and Restated 2020 Share Incentive Plan, was as follows:
| COMMON SHARES FOR | PREFERRED SHARES FOR | COMMON SHARES AGAINST | COMMON SHARES ABSTAIN |
COMMON SHARES BROKER NON-VOTE | ||||
| 862,120 | 1,021 | 28,298 | 496 | 317,598 |
4. Approval, on an advisory basis, the compensation of our named executive officers, was as follows:
| COMMON SHARES FOR | PREFERRED SHARES FOR | COMMON SHARES AGAINST | COMMON SHARES ABSTAIN |
COMMON SHARES BROKER NON-VOTE | ||||
| 866,763 | 1,021 | 23,378 | 773 | 317,598 |
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SIGNATURE
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.
Dated: December 30, 2024
| THE OLB GROUP | ||
| By: | /s/ Ronny Yakov | |
| Name: | Ronny Yakov | |
| Title: | Chief Executive Officer | |
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