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CareCloud, Inc. (NASDAQ:CCLD), a provider of prepackaged software services with a market capitalization of $87.18 million, announced the results of its Annual Meeting of Shareholders held on May 27, 2025. According to InvestingPro data, while the company isn’t currently profitable, analysts expect positive earnings in 2025, with a forecasted EPS of $0.28. The meeting, detailed in the company’s April 3, 2025, proxy statement, involved the election of directors, advisory approval of executive compensation, and the appointment of an independent registered public accounting firm for the upcoming fiscal year. Despite challenging market conditions that led to a 33.76% decline in share price over the past six months, InvestingPro analysis shows the company maintains a GREAT financial health score of 3.14, operating with moderate debt levels.
The three director nominees, Anne Busquet, Bill Korn, and Lawrence Sharnak, were elected to the board with the following votes: Busquet received 12,658,165 for and 1,343,798 withheld; Korn received 11,347,183 for and 2,654,780 withheld; and Sharnak received 10,360,955 for and 3,641,008 withheld. There were no broker non-votes for the director elections.
Shareholders also provided advisory approval for the compensation of the company’s named executive officers, with 10,991,919 votes for, 2,754,093 against, 255,951 abstentions, and no broker non-votes.
Additionally, the appointment of Rosenberg Rich Baker Berman, P.A. as the company’s independent registered public accounting firm for the year ending December 31, 2025, was approved with 25,802,310 votes for, 1,302,942 against, 209,409 abstentions, and 13,312,698 broker non-votes.
The meeting was held in Somerset, New Jersey, with a total of 42,321,129 shares of common stock outstanding and eligible to vote as of the record date, March 31, 2025. This information is based on a press release statement. For investors seeking deeper insights, InvestingPro offers comprehensive analysis with 10+ additional ProTips and a detailed Pro Research Report, available as part of the platform’s coverage of 1,400+ US stocks.
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