Somerset, N.J.-based healthcare information technology company MTBC held its annual meeting June 15 and shareholders voted on three proposals.
Here are the results:
1. Shareholders re-elected John N. Daly, a former executive vice president and director of E.F. Hutton & Company, to the MTBC board of directors.
2. They approved amending MTBC's Certificate of Incorporation to increase the authorized number of shares of preferred stock
3. Shareholders also opted to amend the company's Equity and Incentive Plan to increase the number of shares of preferred stock.
"With a great product, compelling opportunities and a strong balance sheet, we are virtually debt-free with more than $12 million of cash as of June 1 and an undrawn $5 million credit line. We're well positioned to continue our growth during the year ahead," CEO Stephen Snyder said.